Employee stock ownership plan completed. Tai Zhengbiao, the controlling shareholder of the company, reduced its holdings by 1,3595 million shares through the bulk trading system for the first phase of the company's employee shareholding plan. As of June 2, 2015, the first phase of the company's employee stock ownership plan has purchased a total of 5,497,902 shares of the company's shares through secondary market purchases, accounting for 2.45% of the company's total share capital, with an average purchase price of 19.23 yuan. At present, the employee stock ownership plan has completed the stock purchase, and the stock purchased by the plan is locked in for the period from June 3, 2015 to June 2, 2016. The company's transformation is firm and is expected to achieve a breakthrough this year. With the mission of “driving the world, building the future intelligently”, the company has transformed its business model from a single product development, manufacturing and sales model to a comprehensive service and complete solution provision model through endogenous growth and external mergers and acquisitions, and is committed to becoming a world-class supplier of power transmission and intelligent equipment system solutions. Working in robotics has also been active for a long time, holding 4.61% of shares in Shocking Hydraulic. Jingtian Hydraulic has now formed three categories of specialty products, such as “excavator attachment series dominated by hydraulic breakers,” “hydraulic crushing equipment represented by fixed hydraulic stone crushers,” and “high-power multi-function intelligent work robots based on dismantling robots.” Since the company's clear transformation last year, we believe that the company's transformation is expected to achieve a breakthrough this year. Establish a partnership with Silicon Valley Paradise. The company's cooperation with Silicon Valley Paradise is progressing smoothly. At present, the strategic planning and sorting has been completed, and three development directions have been clarified: metallurgical equipment, transmission machinery, and intelligent manufacturing. In the future, the company will give full play to its advantages in technology, market, brand, etc., and complete endogenous growth and external mergers and acquisitions in accordance with the plan. Silicon Valley Paradise will also use its global vision to select high-quality mergers and acquisitions targets for the company on a global scale to help the company carry out strategic transformation and achieve rapid sustainable development.