While actively deepening the Latin American market, at the end of march, we signed a long-term agreement of iron ore cooperation with the supplier of southeast Asian. The agreement involves iron ore lumps for one vessel per month, which Fe is 63% basis.

The shadow of the epidemic did not stop the company from moving forward. Our company exchanges information in a timely manner and discusses the supply plan of iron ore together with the supplier of southeast Asia; also we turn adversity into opportunity and open up a new prospect in the soup, which provides an opportunity for win-win cooperation.