We say goodbye to the year 2016 and welcome the first ray of sunshine of the year 2017. At this turn of the year, I , on behalf of Group managements, wish to extend my New Year greetings to all the China Merchants People across five continents in the world.

As long as we pay, there will be gains.Through our joint efforts, the increases of the Group maintain at a high level, with promising revenues and total profits reaching 500 billion RMB and 100 billion RMB respectively. While reform and innovation have been pushed forward comprehensively,we see a successful opening of the "13th Five-Year Plan".

During the past year, China Merchants Group has been a trial of state-owned assets investing enterprises. The Group was also listed as  one of the seven first demonstration bases of mass entrepreneurship and innovation by State Council.The strategic restructuring with Sinotrans＆CSC has been on the process of implementation. The reorganization of toll roads is nearly accomplished. These reform measures invigorate our overall competitiveness.

In 2016, the Group has become more and more prominent both in practicing national strategies and M＆A, such as "The Belt and The Road" ,"Free Trade Zone" , internationalized, and digitalized strategies. Under the witness of President Xi Jinping, the Group signed the strategic cooperation agreement with Togo government, which is the first economic relationship signed between SOE and country's government. China-Belarus Commerce ＆ Logistics Park and Internet Incubator went smoothly. Djibouti Free Trade Zone has launched. The joint venture Qianhai Development ＆ Investment Holdings was nurtured by the Group and Qianhai Management Bureau. The Group also carried on the share acquisition of Dalian Port. Such new strategies impetus the motivation of sustainable development.

In 2016, Shenzhen Prince Bay Cruise Homeport officially started its voyage, which made steady progresses from traditional cruise business to high-end tourism industries. The resume of Renhe Life Insurance and Renhe Property Insurance was approved and processed respectively with 10 billion registration asset on the goal of trillion-class scale. Many affiliated asset management firms, finance companies and financial leasing companies sprung up. The Group also seized the opportunity of Poverty Alleviation in Qichun to accelerate growth in health industry. By forging these emerging industries, it remains the engine of our long-term development.

2017 will definitely be a keynote year, under the background of profound reform in nationally structural supply-side and state-owned enterprises. The 19th CPC National Congress is coming in 2017, the year of China Merchants Group 145 anniversary. We are on the crucial period of shaping as a global competitive conglomerate. Chinese Economy is currently experiencing a spiral development, which brough us new opportunities as well as challenges.

Strategy leads development. The two-year practices have proved the Group's strategy direction in line with the trend after we setting "Becoming a globally competitive enterprise" in 2014. These show that as long as we persevere, dreams can always be realized.

Practical actions drive our dream. There is no other choice than reform and innovation to achieve our dream in this complicated and volatile background. The key is to establish a spirit to prevail, continue to immerse ourselves in hard work, implement the development concepts of innovation. Every CMGer should play our full potential and use all our strength rather than being a spectator in reform and innovation. Only with 120000 CMGers hardship in improving quality and efficiency can we create a more inspiring story of China Merchants.

"It gives rise to nowadays which is based on the past and embodies the future". The past efforts laid us a solid foundation for future development. All CMGers, let us joint hands and move forward together to embrace 145th anniversary.

Thank You!