CSC set numerous carbon reduction paths and achieved excellent performance in increasing scrap use in 2022. In response to the demand of computer brands on recycled steel materials, CSC obtained UL certification in November 2021, and obtained the SGCC RC12 (Recycled Content 12%; scraps used in steel making reaches 12%) certificate for hot-dip galvanizing, offering the environmental benefit of relatively low carbon emissions. CSC subsequently received purchase orders for over 2,600 tonnes. CSC also developed hot-rolled band production technology with high recycled content (RC20) in response to the needs of domestic optoelectronics companies, helping end-customers upgrade their products. In response to the trend of brand manufacturers making the CSR commitment to increase the percentage of recycled materials used, the Company is actively discovering market demand and engaging in development in its plant; the actual amount used in 2022 was 8,277 tonnes. CSC once again obtained hot dip galvanized product certification SGCC RC20 and zinc plating product certification SECD RC12 in December 2022. Furthermore, CSC and DSC, which is a subsidiary of the group, co-operate to produce galvanized steel SGCC RC40 with a scrap content of more than 40% by the process linking with electric furnace of DSC. It also successfully passed UL2809 in March this year. This not only marks a new milestone in the certification of the proportion of recycled materials in high-grade steel products, but also meets the material needs of downstream customers. We expect to supply downstream customers with a wider variety of recycled steel materials.