We also operate in commercial circulation, real estate development, construction, and municipal public services. Our commercial circulation business offers a service platform centered on supermarket retail, department stores, warehousing logistics, and distribution center. And our real estate development business holds qualification as a Class 1 real estate developer in the country. We act as the engineering, procurement and construction (EPC) contractor in housing construction. We also deal in the construction of traditional Chinese architecture and gardens. And we hold Class 1 certification as a building furnishing and decoration contractor. In public utilities, our service platform offers water supply, electricity and gas, and wastewater treatment. We founded a first class kindergarten and a senior secondary school in Zhejiang. To build a chain of comprehensive foundational education, we established a high-end bilingual private school--Hengdian Wenrong Experimental School, with kindergarten, primary and secondary education sections.