Good morning, everyone. Welcome to Grameenphone Ltd.'s third quarter 2025 earnings call. I'm Chowdhury Tazrian Israt from Investor Relations and will be hosting today's session. Joining me on today's call are Mr. Yasir Azman, our CEO, and Mr. Otto Risbakk, our CFO, and some other members of the extended management team. The recording of this call, along with the earnings release and related materials, is available on our website, and we encourage you to review them for further details. We'll begin with remarks from the CEO and CFO, covering key business highlights, financial performance, and strategic priorities. Before we begin, a quick note on today's schedule. The Q&A session will take place right after the call at 2:00 P.M. local time. Invites have already been shared with our investors and analysts. If you'd like to participate, please feel free to share your email address with me during the call, and we'll make sure to include you. With that, let's now get it over to our CEO, Mr. Yasir Azman, to get us started. Good morning, everyone. [Foreign language]. Thank you for joining us for our Q3 2025 earnings calls. I am Yasir Azman, Chief Executive Officer of Grameenphone. According to the latest report from our regulators, the telecommunications industry in Bangladesh recorded a total of 188.57 million subscribers as of August 2025, reflecting an increase of 0.12 million subscribers since June 2025. During the same time frame, mobile data users also increased by 1.58 million, reaching 120.87 million in August 2025. The Bangladesh Telecommunication Regulatory Commission published the Draft Telecommunication Network and Licensing Reform Policy 2025, which proposes simplifying the licensing regime from a dozen to just four broad categories. For Grameenphone Ltd., this means a clearer, more streamlined regulatory framework to operate within. The policy also introduces a foreign ownership cap, requiring at least 15% local ownership for mobile operators. In our case, we are already well ahead of that threshold. In fact, Grameenphone is the only operator in Bangladesh whose local ownership exceeds 15%. This new policy brings both strategic opportunities and potential challenges. We see it as an important step forward to a more modern and efficient regulatory environment, and we are prepared to approach it with a clear, well-aligned strategy. Let me now turn to some of the key developments in the macroeconomic landscape. The increase of supplementary duty in telecom service from 15%- 20%, and the increase of SIM tax from BDT 200- BDT 300, burdening consumers with heavy tax. The point-to-point inflation rate in September has gone down to 8.36%, a slight uptick from August when it had eased briefly before rising again. As of September, the Foreign Exchange Reserve stood at $26.6 billion as per IMF's BPM6 methodology, which is a 34% year-on-year increase in remittance inflows and improved export earnings. Bangladesh Bank is moving towards a fully market-based exchange rate system, where the USD to Bangladeshi Taka has remained stable below BDT 123. As per IMF, Bangladesh's GDP growth rate for fiscal year 2024-2025 has been revised to around 3.8%. Private sector growth has slowed to a historic low of 6.35%, reflecting the continued cautiousness among businesses. Now, let's delve into the detailed aspect of business updates for this quarter. I'll take you through the highlights of the quarter. As we begin today's call, I want to start with a message that carries real significance for us: we are back to growth. This is not just a number on a chart, it's a reflection of our resilience, of our people, the strength of our strategy, and the discipline of our execution achieved in what continues to be a challenging economic environment. The economy in Bangladesh has shown some early stages and signs of stabilization, but overall activity is still subdued. Inflation remains elevated, consumer spending is cautious, and foreign exchange constraints continue to put pressure on imports and investment sentiment. While the economy is not deteriorating, it is also not advancing at the pace we all hoped to see. Amid these headwinds, our ability to return to top-line growth this quarter is a significant achievement. At the start of the year, we made a clear commitment we would grow responsibly and keep our costs efficient. I'm proud to say we have delivered on that promise. Our operational efficiency initiatives and cost control efforts have translated into solid EBITDA growth, demonstrating that we can grow while remaining financially disciplined. I'll cover the financial highlights in more detail later in this presentation, but overall, this quarter's performance gives us confidence that we are on the right path, building a resilient business ready to grow in a cautiously recovering economy. It gives me great pride to share that we officially launched 5G in Bangladesh, marking a new chapter in the country's digital evolution. Recognizing that both the market and consumer ecosystems are not yet fully ready for widespread adoption, we deliberately opted for a limited launch, focusing first on clusters with high 5G readiness. Encouragingly, our network is already demonstrating superior 5G performance compared to industry, positioning us ahead in readiness for future expansion. Our strategy is to take it slow but steady, ensuring that the ecosystem, the devices, the demand, and supporting infrastructure mature alongside our rollout. At the same time, we are prioritizing pressing issues like indoor coverage improvements, which remain more critical for customer experience today. Our 5G rollout is well underway, and we remain focused on expanding coverage and strengthening our network leadership in the months ahead. This quarter, we took some major steps towards simplifying our services. One was the portfolio simplification, where we completely revamped our data offerings to remove clutter and make it easier for our customers to choose the right products. The idea behind this is our More for More approach: it's simple to help customers get more out of what they use, build a stronger engagement, and inspire the behavioral shift that will power the country's broader transformation. We remain confident that this initiative will lay the foundation for more sustainable and quality growth in the quarters ahead. Another milestone on the simplification journey is the introduction of local currency roaming, removing a long-standing barrier for customers. Previously restricted to only foreign currency credit cards, roaming can now be activated directly from mobile balances, making it simpler and more inclusive. The impact has been clear. We have already seen our roaming revenue increase by 126% year-on-year following the introduction of local currency roaming. Advancing innovation in efficiency with AI and analytics is an area I would like to highlight. To complement our cautious and bold forward-looking approach to 5G, we are putting significant effort and necessary investment in AI-driven initiatives for network operations, customer experience, and human skill development. The objective is twofold: to drive efficiency in managing the network and, at the same time, to enhance our customer experience at every touchpoint they do business with us. Through AI-driven insights, we are creating smarter systems that can predict and resolve issues before they impact our customers. This means we can identify dissatisfaction early and address it proactively, which is a key part of how we are strengthening churn management and customer loyalty. At the same time, AI-powered tools are helping us optimize network performance dynamically and reduce downtime and ensure more consistent, high-quality coverage. It is a step toward a truly self-learning, self-optimizing network, one that delivers a better experience today and prepares us for the opportunities for tomorrow. In parallel with our network and customer-focused initiatives, we are reimagining how we operate smarter and more sustainably. One of our key focus areas has been AI-driven energy-saving solutions deployed across our network infrastructure. The solution enabled us to optimize power consumption dynamically, reducing waste while maintaining performance standards. As a result, we have already achieved around 7% savings in our overall energy consumption. I would hand over to our Head of Network Management, Al-Amin, to share the details of this initiative. Thank you, Yasir Azman. Welcome to our AI journey, our investors. Today, we'll talk about one small initiative on the smart energy saving. You all are aware the telecom industry is consuming one of the heaviest power consumers in recent times, and especially when the data is growing in many folds, this consumption also increases. As a responsible company, we have been trying very hard on how to really manage this increase of consumption. We have tried several ways. In a country like Bangladesh, where the network is very dense and the population density is very high, it's very difficult to apply the static rules and then make the reduction of the energy consumption. The power of AI comes. When we bring AI, we find out that with this capability, we read the traffic curve in the timescale pretty well. Our traffic is like a wave. In the busy hour, it is quite high, and in the not busy hour, like the nighttime, it is less. The AI actually takes all the real-time data and makes sure that there is no customer experience impact, and also dynamically reduces the energy consumption. You'll be happy to know that we have been successful to reduce almost 7% energy consumption in an overall year, which is giving us a 21GW-hour energy saving almost in two years and 20 million metric ton CO2 emission savings. This initiative is also making sure that we are conscious about this thing. We are solving problems with the power of AI to really make a sustainable environment for our customers and for the people of Bangladesh. We are making sure that we are saving the cost also. All these things, keeping the same customer experience, is very powerful, and we are not sitting idle here. We'll continue building this capability and bring further efficiency through this powerful thing that we have developed. Be with us, and looking forward to building a better future for our customers. Thank you. Now, moving to our digital segment, which continues to be a key growth driver, contributed to a 21% year-over-year revenue increase this quarter. At the heart of this success is MyGP, the largest local self-service app, now engaging over 22.1 million monthly active users. Today, digital services contribute around 30% of our total DSTR and 40% of reload subscribers to sales share, reflecting the growing importance of this ecosystem in our overall business. Building on that momentum, we have launched the Hyper Personalization project for MyGP, aimed at transforming how we understand and engage with our customers. We have already delivered three major milestones, starting with personalized offers based on user behavior and preferences, personalized push notifications through the Netcore platform for timely, relevant communication, and in-app nudges providing contextual guidance to enhance engagement and conversion. Together, these innovations are helping us shape a truly intelligent, experience-driven digital ecosystem, one that learns, adapts, and evolves with every customer interaction. To empower the next generation of innovators with AI, Grameenphone launched the Future Makers program, giving students the platform to explore AI, experiment with ideas, and help shape Bangladesh's digital future. Our Head of Industrial Relations and Culture, Mohammad Awlad Hossain, will now share more insights into our journey with this program. Thank you, Yasir Azman, and hello everyone. It's a privilege to share how Grameenphone is shaping Bangladesh's AI-driven future by empowering people and transforming the way we work. Let me begin with Future Makers, our first-ever flagship AI innovation challenge. Launched this year, it's designed to inspire students and professionals to drive Bangladesh's digital transformation. The response has been phenomenal. Around 2,000 students participated from over 200 educational institutions. Guess what? They came up with 782 innovative ideas. All these ideas will go through different stages: initial screening, concept pitching in front of qualified judges, and top 10 ideas. Top 10 ideas will make it to the Grand Finale to be held on November 5th. In the Grand Finale, there will be showcasing of the nation's brightest AI innovators, the Future Makers of Bangladesh. AI is no more a thing of the future. It's already here as we speak. It has passed the stage of experimentation to real-life usage. We launched one AI policy bot that delivers instant, accurate responses to policy-related queries, reducing manual dependency and greatly empowering employees. We've also launched our homegrown AI-driven recruitment system, which is helping us in candidate sourcing and CV sorting with over 85% accuracy, enabling faster and smarter hiring decisions. These are just the beginning. There are many in the pipeline. Together, through Future Makers and AI innovations, we are not just embracing the future, we are creating it. Thank you. Shaping the future with sustainability vision is something I would like to cover now. Moving on to the next segment, one that sits at the heart of everything we do: empowering societies. As Bangladesh's leading digital connectivity partner, Grameenphone. continues to play a pivotal role in driving the nation's digital economy and enabling progress through technology. For us, progress is not just about connectivity; it's about creating a future that is inclusive, responsible, and sustainable. To support decarbonization goals, we have been leading the Corporate Power Purchase Agreement journey in Bangladesh through strong advocacy and collaboration over the past few years. With the policy now approved in September, the guidelines are currently being developed, and we are getting ready to procure renewable electricity directly from independent power producers through the national grid. Over the past few years, we have worked hard to help shape the green energy landscape in Bangladesh, and today, with the Corporate Power Purchase Agreement framework finally approved, we are seeing that vision turn into reality. This is a big step forward. It will help us cut carbon emissions, meet our climate targets, and contribute to Bangladesh's transition toward cleaner energy. Across the world, we are seeing the demand for AI skills continue to surge, growing more than three times faster than average. Professionals equipped with these capabilities are finding broader career opportunities and a stronger prospect in the job market. To equip our youth with the possibilities of AI, we launched the Grameenphone Academy's AI upskilling mission with a goal to train 10,000 students within six months, from September to February. I'm happy to share that we are already seeing strong momentum; over 4,500 students have enrolled, and more than 500 have completed their certification. It is a powerful start to what we believe will contribute to building the next generation of AI-ready talent for Bangladesh. As we strengthen our position as a preferred partner for security and digital, cybersecurity remains at the core of our commitment to customers, partners, and operations. Our cybersecurity product, GP Shield, which is built into the Grameenphone Ltd. network, ensures safe, worry-free digital experiences by protecting our customers from online threats, keeping every click, connection, and conversion secure. We are continuously enhancing our internal systems and processes with advanced security frameworks, while also extending our expertise beyond our own walls through initiatives like our Cybersafety Education Program with UNICEF and the National University, which is helping to build awareness and resilience among young digital users across Bangladesh. The program embeds cybersafety modules into the university's mandatory ICT courses, reaching over 100,000 students each year. To ensure sustainability, 1,000 master trainers will train facilities across 1,000-plus colleges nationwide, building lasting digital safety awareness. We recognize that workplace safety goes beyond physical protection. It encompasses mental well-being as well. Foundational health and safety programs are in place to prevent incidents and promote overall well-being, while proactive risk management processes are designed to identify and mitigate potential hazards before they occur. The company fosters a safety-first culture by encouraging open reporting of near-misses and unsafe conditions. Our focus on ensuring high health and safety standards is not only limited to ourselves, but we also extend these commitments to our suppliers and partners. Financial highlights for the Q3 2025. Now, let's move to those results for this quarter. Let me begin by revisiting what we shared in previous quarters. Earlier this year, we mentioned that we were starting to see the first signs of recovery of the macro situation. I'm happy to say that this trend has continued through the third quarter. However, the overall economic climate still remains stagnant, and growth across markets is still slower than what we had anticipated. Despite these external challenges, our performance this quarter has been encouraging. We are back to growth, with stable margins and solid execution across our key business areas. Revenue grew by 1.4% year-over-year, signaling a recovery. It's our growth trajectory after several quarters of moderation. This growth was supported in part by favorable comparables, as you may recall. Last year's July unrest created a low base, but it also reflects the strengths of our teams in capturing demand as market conditions stabilized. That said, the slow pace of economic recovery did have some impact on our top-line momentum. Turning to EBITDA, we delivered solid year-over growth, supported by the steady improvement in revenue and our continued focus on operational efficiency. EBITDA increased by 1.7% year-on-year, with margins remaining healthy and stable at 59%. Importantly, this improvement has been achieved while we continue to invest in our business, advancing our network, modernization, and expansion initiatives. We have remained thoughtful and selective in how we deploy capital, prioritizing initiatives that deliver strong returns and strengthen our platform for sustainable growth. Turning to NPAT, we saw a 0.6% decline year-over-year, mainly due to higher depreciation and amortization costs arising from the capitalization of the 20-MHz spectrum and the addition of new sites and rooftop leases. While these investments have increased costs in the short term, they strengthen our network and position us for future growth. Despite this, NPAT margin remains solid at 18.7%, reflecting the resilience of our core operations. Operating cash flow stands at BDT 20.5 billion, which is an increase of 6.1% year-over-year, continuing the positive trend we have seen throughout the year. In fact, we have registered year-over-year growth in every quarter this year, which is a clear reflection of our strong cash flow generation and disciplined execution. Now, to hear more about our back-to-growth and details on financial performance, I will hand over to our Chief Financial Officer, Otto Risbakk. Thank you, Azman. As Azman said in his presentation, the main title of this presentation is "Back to Growth." Before I go into the financial details, let me give some reflection on the past five quarters. In the last five quarters, we've seen a decline of about 2% to 3%, which has been stabilized. I think during these five quarters, you have seen the performance of our company, the resilience we have, and our ability to navigate in this difficult environment. We have maintained our EBITDA margins in the high 50s, close to 60%, and we have also maintained our net profit margins around 90% average in this environment. We have also managed to protect our cash flow, which in turn is supporting our dividends. Now over to the subscriber. Before I go into the details of subscribers and our earned revenue, let me give a little comment on the comparables. This quarter is a little bit difficult to do comparables. Last year, in the third quarter, we had the unrest with internet shutdowns. The second quarter this year, we have EAT. I will try to give more comments on trends rather than focusing too much on the percentages. Go back to the subscriber. We see that in the third quarter, we continue to do well on the subscriber side. We have a total subscriber number increased with 1.2%, and the data subscriber increased by 3.9%. This is a very consistent performance, which is supported by our leading network and our strong digital platforms. It's the ninth consecutive quarter with year-on-year subscriber growth. The data subscriber that you see on the right on the slide increased with 3.9%, and you can see that the data share of subscribers is now about 60%. That is 51 million out of the 86 million subscriber base. This is supported by a lot of developments, both on the commercial side and also on the digital side. Our digital app, MyGP, is the leading digital app in the country with more than 22 million monthly average users. This app alone stands for more than 30% of our revenue and more than 40% of our recharge. That's a very important element in our digital agenda and future growth. On the back end, we also have a digital app serving all our 400,000 point of sales. In both the front end and on the back end, we are continuously now integrating a lot of AI to implement hyper-personalization and other advanced features. I'm very pleased and very confident that these tools will help us to grow going forward. I would also say that these good customer numbers show that the customers trust us with our performance. They appreciate our network. They appreciate our digital solutions. We are well positioned to front the next phase of growth, which will be data-led and digitally led. Over to the ARPU slide. On this slide, you see the ARPU on the left and the key drivers on the right. If we start with the ARPU, the level you see of 152 Taka for this quarter, I would say it's rather flat. It looks like it's going up and down, but it's due to normal seasonal variations. In the third quarter last year, we had the unrest, and in the second quarter this year, we had the Eid effect. I would say that this ARPU level, I would like to see this going up. If I look back the last three, four years, the ARPU has actually been stable around this level. I think it is essential to manage to increase the ARPU, come closer to the inflation, and also to support the investments that we're going to do in both 5G and in low band. I think it's also good for the country because, as you know, if I take the total tax burdens that are imposed on the telco sector, about 70% of our revenue also goes to tax authorities through income tax, customer-based taxes, and revenue-based taxes. It is important not only for Grameenphone, but also for the industry and for the government to see further growth of the ARPU. Now over to the key drivers of the ARPU, the data volume and the minutes. Starting with the data volume in the middle, you can see that the data volume has been increasing steadily over the last quarters and sees a little dip now in this quarter. The little dip this quarter is mainly due to the Eid effect from the last quarter. The level we have now of 7.3 GB per sub per month is actually about the same as it was pre-unrest. Going forward, I think that this data growth will accelerate as we see further penetration growth of 4G and now 5G phones. Also, when the macro improves, we will see that customers will start consuming more data. On the minutes side, we see that the structural decline continues, and we see a continuous decline of around 5-6% every quarter. Overall, we will see going forward that the data growth will more than compensate the voice decline as we move over to more combo products. This is the same pattern as we saw in other developed markets five to seven years ago. We will see now the market in Bangladesh will continue with the same pattern. We expect that the data growth, which is coming from increased smartphone penetration and hopefully an improved macroeconomic environment after the elections, we will see that the data growth will more than offset the voice decline. Now over to the revenue slide. As you can see on the left, we realized a growth of 1.4% this quarter, up to BDT 40.1 billion. This growth is driven by the stable ARPU that I showed you on the last page, combined with data growth and subscriber growth. If you look on the right side of the graph, you can see that the growth is broad with both subs and traffic and value-added services and digital services growing. As I said also on the previous slide, I'm not happy to see a growth of only 1% compared to an inflation of currently 8-9%. Going forward, our goal is definitely to seek to grow the revenue towards 5-6% at least. We also expect that the inflation will come down to that level. If I look at the underlying trend in this third quarter, the average growth is 1.4%. In the last couple of months and the run rate that we have, we have a growth of 3%. In summary, Q3 represents a turning point. We are back to growth, and I expect to see that we will remain in positive territory in the coming quarters and that the growth rates will increase. Now over to the EBITDA slide. As you see on the right side, the EBITDA growth of 1.7% outpaced the revenue growth that was 1.4% this quarter. The main reason for this good performance is our outstanding cost performance. Behind this cost performance, there are a lot of factors. We have an operating efficiency agenda that typically is around BDT 5-6 billion every year. We also have a lot of programs on automation and simplification. Last but not least, we have started working in many areas on AI applications that are reducing cost, increasing efficiency, and also improving quality. If I look at the detail of the cost development, starting with COGS. COGS is down 12.5% this quarter, and this is due mainly to the implementation of new technologies in the way we manage lease lines, fiber lease lines, and also to better contracts, more flexible contracts on fiber. The good development that you have seen on the COGS side will continue going forward. On the OpEx side, the main drivers are increased personnel cost on one side, and then the bigger network is also driving higher, slightly higher costs for O&M and also for energy. I would also like to point out this quarter the great contribution from our sourcing department, and there are good developments behind the scenes. As you may have seen in the press, Telenor Procurement Company has signed an agreement with the Vodafone correspondent to create a global common procurement setup, which I think will give additional savings also for Grameenphone over time. Our procurement is organized in a way that we have a strong local team. This team is cooperating and supported by a fantastic Telenor team based in Singapore. Now we will have an even further addition with the global presence of Vodafone. That is exciting to see how this will help us going forward. In summary, a margin of 59% is showing the structural strength of our model, but we are not lowering the guard. We have the inflation of 8-9%, it is likely to stay, likely to come down, but it will stay there. We have to continue forcefully to work on simplification and modernization. We have to continue with the operating efficiency agenda. Most of all, we now have a lot of new opportunities coming from AI, both on the cost side and also on the revenue side. Now over to the net profit slide. As you can see on this slide, we have shown another quarter with solid performance, realizing a net profit of BDT 7.5 billion, and that is a margin of 19%. The main reason we don't see growth on net profit is increased depreciations and amortization, mainly related to the spectrum that we acquired last year in the 2,600 band, which has now started to be amortized, and also to depreciation related to the bigger network, the new sites that we have added. The 19% margin that we are realizing that we've kept over the last four or five quarters and that we still deliver is a sign of the resilience of our model and of our ability to navigate in difficult environments. It is also protecting the attracting dividend levels that we have been offering to our shareholders over a long time. As usual, let me round up with a slide showing cash flow and balance sheet items. This quarter, if we start at the middle of the slide, this quarter is another strong quarter in terms of operating free cash flow. We are delivering a 6.1% growth and BDT 20.6 billion of operating cash flow. That is a margin of 51%. The key drivers behind this good performance are the increased EBITDA of 1.7%, as I show you, and also a demand-driven CapEx approach, where we adapt our CapEx levels to the needs of the business. As you can see on the left side of the graph, we invested BDT 3 billion CapEx in the last quarter, and cumulatively for the last three months, we're up to BDT 11 billion. This level is enough that we continue to upgrade our network. We keep performance lead compared to our competitors. In all tests, we have a network that has the best speed and the best coverage. We are also modernizing our IT stack continuously, bringing in AI features. I would like to make also one comment on 5G. This quarter, you can see that we have launched 5G. We started with roughly 150 sites, and we moved towards about 300 sites towards the end of the quarter. You can see that we managed to do this without any spike on CapEx. That is because we have been consistently investing in 5G ready solutions in our network and in our IT stacks for many, many years. When we decided now to turn on the 5G, it was mainly a software-driven decision. We could just switch it on, and we were the first to offer 5G in the country. The initial feedback from the market is great. We see that the speeds are plus 100 megabit or even more. We do see that customers are very pleased with 5G. The consumption per sub is almost double. I think we will see that this trend will continue as customers discover the high speed and the low latency of 5G. On the right hand of the slide, you can see that thanks to the strong cash flow, we managed to keep the debt level close to zero, and we also managed to fund both CapEx and dividends with cash flow. This sums up the financial part of the presentation. Now let me sum up. One, it is good to see that growth is back. Two, this gives some more confidence going into the fourth quarter and next year. As I said, we have an underlying growth currently, a run rate of about 3%. As a CFO, I will always remain very focused on staying sharp on surgical execution and on careful spending. With that, I leave the word back to Azman. If I try to summarize the key takeaways for our Q3 2025, in closing, I want to thank you for taking the time to connect with us on this call today. As we wrap up, we want to leave you with three takeaways that really define where we are and where we are headed. First, as we look at the macro landscape in Bangladesh, it is clear that the environment remains challenging. Economic growth slowed to just 3.69% in fiscal year 2024-2025, marking the weakest expansion rate since the pandemic. It's a tough business environment. We are operating under high taxes and stringent S&P conditions, which makes it even harder to navigate an already slow economy. Despite these headwinds, we are staying resilient and strategic in our approach. By optimizing our operations, harnessing our AI for efficiency, and controlling expenses, we are working to offset the headwinds and protect profitability even when top-line momentum is constrained. Second, today, our focus is clear. We are not just connecting people. We are reinventing what value looks like by driving innovation at every touchpoint and elevating our customers' experience. We are stepping into the future with a purpose, and that future is AI-led. Every quarter, we continue to innovate across technology, product offerings, digital operations, and the way we engage with our customers, ensuring that we stay relevant, ahead in a rapidly evolving market, and we'll keep challenging ourselves to think bigger, more faster, innovative, and bolder. Third and last, we look at the broader economy. We are seeing a mix of short-term optimism and underlying challenges. With the national election approaching, Bangladesh's economy is expected to experience a short-term boost as election-related activities stimulate spending and investment sentiment. We expect to capture renewed customer demand and reinforce our critical role in national connectivity. We have entered a growth phase this quarter, and our aim is to sustain and build on that momentum in the coming periods. We remain positive about the next quarter and beyond, ready to capture opportunities as the market moves from uncertainty to renewal. Thank you very much for listening. Thank you, Azman and Otto, for the wonderful presentation on the quarter updates. That brings us to the end of today's presentation.