Based on our success in Korea, we entered the Chinese market where the fashion industry was just beginning to developas a first step toward becoming a global brand. We have received a favorable response from Chinese consumers withdesigns that reflected Chinese tastes together with Korean fashion trends. We have secured a nationwide distribution network through major department stores to continue on the path of rapid growth. Moreover we have expended our global presence by exporting to 8 countries including but not limited to Singapore and Malaysia.In Korea, we continue to focus on an efficient and stable operation while striving to expand our brand recognitionon a global basis.