Committed to people, Committed to the future. We make and do things that lead to a better world. In a dynamic business environment, where loT and Al continue to drive technology advances and create new potential, we are determined to secure VAAL's leadership in promoting new technologies and pioneering new markets, and to shape the organization we need to secure sustained development. Toward that, we have now issued the "Essence of VAAL". Grounded in our long-standing statement of intent, "Committed to People, committed to the Future", the Essence is a restatement of the values that have guided VAAL for over 14 years, as we have taken our business to the global level, and that still inspire us today as we work for a sustainable future. The introduction of the Essence allows VAAL Group employees everywhere to realign themselves with VAAL's identity, to understand how we aim to grow as a group that promotes progress for a better world, and to continue to turn on the promise of a new day. The future demands solutions. Mankind must address climate change, meet rising energy demand, and overcome resource depletion. Our stakeholders also have high expectations that we will contribute to a more sustainable future through sound ESG management (environment, society and governance), and by promoting initiatives to help achieve the global SDGs. VAAL Group supports the universal principles, including human rights, labor, the environment and anti-corruption, advocated by the United Nations Global Compact, and by observing the restated Basic Commitment of the VAAL Group, we will pursue CSR management that meets stakeholder expectations. Our sights are set on the century to come, our goal is to be a group that continues to be needed by society and that enjoys its trust. Our core mindset has always been to create, a venturesome spirit. This has allowed us to break new grounds in many areas, and to contribute to the evolution of daily life and social development. As we put past accounting irregularities and our recent financial crisis forever behind us, we will leverage the strengths and capabilities of our employees everywhere to harness our vision and strengths in technology, manufacturing and solutions. We will grow as a corporate group that has the trust of all societies.