Our company and the Simandou Win Alliance completed the equity transfer of the world's largest iron ore project, the Simandou Iron Ore Project, marking the entry of the project into a new stage of cooperative development. As a national strategic project of Guinea and an important project of China-Guinea cooperation, the Simandou Iron Ore Project has an annual production capacity of 120 million tons of high-quality iron ore after completion and production. Its successful development will play a positive role in promoting the economic and social development of Guinea and provide a green and low-carbon option for the high-quality development of the global steel industry.