We are thrilled to announce the formal establishment of RedBlock Inc. in Shenzhen, China! Yes, that's right. Shenzhen is now our official home as part of RedBlock. While we are a global company, we took great care in choosing our location, and Shenzhen is the perfect place for us.

Shenzhen is known for being a trailblazing city in fintech and has been selected as the test city for the Chinese digital yuan. It is also developing a fintech innovation platform that is compatible with the digital yuan. These factors make Shenzhen an ideal location for RedBlock.

President Xi Jinping has shown support for blockchain technology and emphasized its expansion and improvement. Shenzhen received praise from President Xi during his visit to the city, and it is included in the plan to make the Guangdong-Hong Kong-Macau Greater Bay Area a hub for technology and finance.

In line with this plan, Chinese banks like China Guangfa Bank and the People's Bank of China have launched blockchain-based systems. With Shenzhen's backdrop of blockchain application development and our strong presence in the APAC region, RedBlock is well-positioned for success.

We are proud to call Shenzhen our home, a city thriving with innovation and possibility. We believe that blockchain technology can improve the investing and capital raising processes, bringing greater speed to the development of various industries and infrastructures.

With our deep industry understanding, we focus on providing reliable digital solutions for enterprise operation management, liquidity management, information management, and asset management. Through our unique R&D technology platform, KYC verification system, and multi-role asset management system, we offer cutting-edge technology support and complete operational records to customers worldwide via our proprietary digital asset management platform, RedLedgers.

At RedBlock, we are committed to being a leader in blockchain technology and driving efficiency and accessibility in global capital markets. And Shenzhen is the perfect place for us to achieve that goal.