Maganas engineering and our Partner Company today jointly announced the signing of a share subscription agreement. We plan to work closely together to address new business opportunities. We believe this partnership will further enhance our leadership position in the industry.

Maganas engineering today announced its sales for May: we achieved an increase of 5 percent since April this year and an increase of 45 percent over May last year. Revenue for January to May increased by 10 percent compared to the same period in the previous year.