AP Satellite a leader in the satellite industry Moving towards global leadership. Since our incorporation as Asia Pacific Satellite, we have undertaken a number of satellite projects in the markets worldwide and made substantial contributions to the development of the satellite industry. At AP Satellite, we have successfully carried out the second-generation satellite mobile project for Thuraya in UAE, and developed ultra-small backup satellite communication modules for terrestrial mobile phones, MSS(Mobile Satellite Service)-based applications, next-generation high speed data modems, and satellite/Tetra mobile devices optimized for disaster control, strengthening our leadership position in the global satellite communication device market. Now, we are taking our business to the next level by merging with Asia Pacific Aerospace Inc ., which has led the development of the main satellite unit for the multipurpose satellite 3A and has full technological expertise in payload systems for observation satellites. We have further expanded our business areas while undertaking the nation's aerospace development projects, including lunar exploration, development of the main satellite unit, and localization of satellite payload systems and EGSE for satellite testing. We also developed a next-generation aerospace monitoring system and unmanned aircraft communication system to build our expertise in the field and gain a competitive advantage in the global market. The aerospace industry represents our national power and technological expertise. At AP Satellite, we will continue to localize advanced technologies and work toward technological innovation while contributing to the development of the aerospace industry so it can become a leading industry in our country along with electronics, automobiles and shipbuilding.  With this goal in mind, we will continue to innovate and evolve based on our experience and the knowhow we have gained over the years to grow into a global leader in the satellite industry in the near future.