Daewoong is the No.1 pharmaceutical company in the Korean clinic market. This achievement has come to fruition for a number of reasons. First, the Daewoong marketing and sales divisions have an outstanding ability to fully realize the potential of quality products. Many Daewoong products rank at the top of the Korean market in sales. Next, our R&D center and production facilities have led to the creation of a globally competitive product pipeline with technologically advanced factories that produce high quality medical products. Finally, our transparent corporate governance and progressive spirit have solidified trust in our partners and has played an essential role in this overall accomplishment.

The 21st century is the age of globalization in which mutually beneficial collaborations and business ventures based on trust and consideration are of the utmost importance. Daewoong has made tremendous strides in developing globally competitive core competency and a strong global network. In addition, Daewoong has expanded its boundaries that now include the entire world. As a business partner, Daewoong personifies globalization.

I envision Daewoong to become a top tier global healthcare group that grows together with our global partners through mutual trust, innovation, and creativeness. We will whole-heartedly commit our time, energy, and resources to benefit our customers, partners, shareholders, and employees throughout the world.

Thank you.