chinese estates holdings limited<br>at chinese estates, our employees are key to our success. as part of our drive to expand and diversify operationally and geographically, we have undertaken several high-profile, large scale projects. these include one of the largest residential development projects in macau. in china, we are also rapidly expanding our operations. in particular, we have acquired three large scale projects in chengdu for high-quality residential and commercial developments. in hong kong, we are currently regenerating several of our flagship properties. these enhancements give rise to exciting opportunities for creative initiatives in project execution and tenant recruitment. our current and future projects provide great challenges that require ambitious individuals of the highest caliber.