Our strategy is to build a diverse portfolio of brands to cater to different segments, so we will have a number of flagship properties operating under our different brands rather than one flagship brand.My hope is that Minor’s devotion to brand-building will instill ever-greater pride and loyalty among our team members who contribute so much to these brands. Likewise, these same brands will elevate Minor International to heightened visibility in the international arena, thus helping to attract talent from all over the world, bolster our bench strength, and support our growth aspirations. On behalf of the Board of Directors, I would like to thank all our stakeholders for their continuing support. I also offer sincere appreciation to our management and staff for their dedicated work and commitment during the past year, and to our Directors for their advice and guidance. Sadly, we note the passing of Kenneth Lee White, a director and a close friend of Minor for more than 17 years, who passed away last November. He will always be remembered for his great contribution as an independent director to Minor’s success.