Welcome to UPM-Kymmene's virtual AGM. Sadly, it's virtual. We would, of course, very much rather have seen you all in person. On the other hand, the virtuality gives us the opportunity to communicate with a somewhat broader audience in a somewhat different way. We meet for our annual general meeting under circumstances that are a bit complicated. On the other hand, we meet under circumstances with a bit more clarity, I think, than we had a year ago. It is now clear that at least where the businesses of UPM-Kymmene are concerned, the implications of the pandemic have not, at least not in financial terms, been as dramatic as I think we feared a year ago. Partly, it's of course due to the fact that the pandemic has turned out to be somewhat different than we feared, and on the other hand, and here I would like to express a very warm thank you to the whole organization of UPM-Kymmene. The company, its managers, and its people have been able to adapt in an admirable way. What that means is that while we're not reporting on a record result for 2020, we're still producing a decent result, good even. When I look towards the future, I think it looks very promising indeed. We are now actually at something of a top of an investment cycle. This used to be something which one wasn't really meant to tell one's shareholder in the old pulp and paper industry a quarter of a century ago, because the moment you mentioned the word investments, people with good reason on the investor side became very concerned that once again, the management of the companies were running wild, investing their money left and right. As I'm sure you know, this is no longer the case. UPM-Kymmene has been investing all along. We have upgraded our three pulp mills in Finland to fantastic status, to global competitiveness, and we have maintained that competitiveness in our Fray Bentos pulp mill in Uruguay. While we have had to backtrack in paper to maintain the balance of supply and demand in the European market, primarily for printing papers, we have also made a number of smaller investments, and particularly at the moment, we are completely upgrading or actually building a new power unit in our Nordland Papier plant in Dörpen in Germany. The two most important investments underway, of course, is the world's largest pulp mill, well underway, being constructed at Paso de los Toros in Uruguay. It'll be a two-plus million tons pulp mill, something the world has never seen before, I'm very glad to report, as I'm sure Mr. Pesonen will do in greater detail, that it is on time. We admit to the fact that the railroad project probably will be running a bit behind schedule, but that doesn't really mean that there will be any problems with opening up the plant. Therefore, it's fascinating to see such a giant venture being on time in these very trying times with the pandemic and everything else affecting global commerce. It seems to us that the opening up of that plant, which we hope will occur, as I said, on schedule, will probably fit the pulp market rather well. We are seeing strengthening pulp prices, actually quite forcefully strengthening, and as a consequence, it now seems to us that that investment proposal, and indeed its realization at Paso de los Toros, is a really timely one, and we have great hopes for the future. In a way, and even more interesting, primarily because it's a completely new area for UPM-Kymmene, is the plant we're building in Leuna in Eastern Germany. We will be entering a very interesting new chemicals market where the thing that binds us to our root really is the raw material we will be working, with lumber, with biological fibers, as we do in most all of our businesses. Again, Jussi will, I'm sure, provide more on this investment, but it is fascinating to us on the board to see how we are moving in a new direction determined by the trends that we can see in our environment, the most important trends away from petrochemical molecules, away from carbon that's been dug out of the earth into recyclable carbon molecules where the raw material is growing either in woods or on fields. All this contains wonderful challenges and wonderful growth opportunities for UPM-Kymmene. If you add to that that we have very sizable businesses, of course, most obviously our pulp business, but also our specialty papers business, which to a large extent produces release liner for the industry that is using them as back papers for labels and then of course our label stock division, all of which are an important part of the global growth in e-commerce. I think the challenges could not be more exciting going forward. It is with some enthusiasm and a great degree of confidence that we're looking at the future at this AGM. The company is in really good shape and that is something I really want to thank all of its people, its managers, and also personally its CEO for. You've all done a great job under difficult circumstances and we're seeing a road forward, which is clearer in the case of UPM-Kymmene than it is in many other industries. We are in the midst of reshaping a traditional industry that used to be thought of as an industry of the past, because it produced a medium, the demand for which is stably decreasing, namely paper. We are converting it into an industry which is one of the key industries of the future, an industry that uses recyclable biological molecules to create almost anything. It is therefore a very wonderful moment, really, to bid you all welcome to the AGM and express on the behalf of the board and the whole company, our thankfulness and our, should I say, a very warmest thanks for contributing by voting and by watching the presentations of this AGM. As I said in the early part of the message, I would dearly have liked to meet you all face to face in the traditional manner. Alas, there is no opportunity for that. The main thing, of course, is that the company is running well. The main thing is that the voice of its owners is being heard, and that its board and management conduct their jobs. They rise to the challenges ahead in a way which produces shareholder value. With that, I think it's a great moment to wish you all a great experience listening to the presentations of the AGM and once more say, welcome to the AGM. Although you're not really here except in a virtual sense, just like myself. Welcome. [Non-English content] The meeting has been open now and we move on to item number two. [Non-English content] I will endeavor to guide you through the meeting with comments in English as well. well. [Non-English content] [Non-English content] Saara-Maria Helminen is called to act as the secretary of the meeting. Due to the COVID-19 pandemic, the annual general meeting will be held as a remote meeting based on the temporary legislative act. It's not possible to attend the meeting in person and the members of the board of directors, as well as the board candidates, the President and CEO and the company auditor will therefore not be present at the meeting. The formalities regarding the order of the meeting are set forth in the notice and applicable laws. The formalities will be recorded in the meeting minutes, which will be available on the company's website latest on the 13th of April this year. Due to the exceptional nature of the meeting, all formalities recorded in the meeting minutes will not be read out loud. We thank you very much for your cooperation and understanding in making this meeting possible despite these extraordinary circumstances. [Non-English content] We note in the minutes that the annual general meeting has been legally summoned and constitutes a quorum. quorum. [Non-English content] Will record the attendance at the meeting and adoption of the list of votes. votes. [Non-English content] As you can see, around 54.2% of all the shares and votes of the company are represented at this meeting. meeting. [Non-English content] We can note that the company has not been informed about technical or other issues related to the advance voting or adoption of the list of votes. The shareholders' right to attend the meeting and the validity of the counting of votes have therefore been reliably ascertained. It is stated, and we can note that the votes given in advance form a required majority for each matter on the agenda to support the proposals given by the Board of Directors and its committees. We will separately inform you about the voting results in each item on the agenda. The list of votes is hereby confirmed. [Non-English content] The financial statements, the report of the Board of Directors and the auditor's report for the year 2020 will now be presented. [Non-English content] President and CEO Jussi Pesonen will now make his presentation. [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] We now move to the auditor's report. [Non-English content] First part of the opinion. [Non-English content] We note in the minutes that the financial statements, annual report and auditor's report have been presented to the annual general meeting. [Non-English content] Adoption of the financial statements. [Non-English content] Financial statements have been adopted. [Non-English content] Resolution on the use of profit shown on the balance sheet and the payment of dividend. [Non-English content] Here we can see the proposal. [Non-English content] [Non-English content] The proposal regarding dividend has been approved and adopted. [Non-English content] Resolution of discharge of the members of the board of directors and the President and CEO from liability. [Non-English content] We note that the persons mentioned have been discharged from liability. [Non-English content] Adoption of the remuneration report. [Non-English content] We note on the basis of the advance voting that the AGM has adopted a remuneration report for 2020. [Non-English content] Resolution on remuneration of the members of the board of directors. [Non-English content] You can see the proposal as a summary. [Non-English content] We note on the basis of the votes given, that the proposal has been approved. [Non-English content] Will be a resolution on number of members of the board of directors. [Non-English content] Nine members has been proposed. [Non-English content] This proposal has been approved and adopted. [Non-English content] Election of nine members of the Board of Directors. [Non-English content] Let's take a look at the video introduction of director nominees. [Non-English content] We have a new director nominee. [Non-English content] On the basis of the votes already given in advance, we can note that the proposal to the new composition of the Board of Directors has been approved. [Non-English content] Resolution on remuneration of the auditor. [Non-English content] Here you can see the proposal. [Non-English content] The proposal has been adopted. [Non-English content] We are about to elect the auditor. [Non-English content] Here we can see the proposal. [Non-English content]. Also this proposal has been adopted. [Non-English content] Authorizing the board of directors to decide on the issuance of shares and special rights entitled to shares. [Non-English content] Here's a summary of the proposal. [Non-English content] This proposal has been approved and adopted. [Non-English content] Authorizing the board of directors to decide on the repurchase of the company's own shares. [Non-English content] Here you can see the summary of the proposal. [Non-English content] We note in the minutes that the proposal has been approved and adopted. [Non-English content] The last item on the agenda: authorizing the board of directors to decide on charitable contributions. [Non-English content] You can see how the previous authorization has been used. [Non-English content] Summary of the proposal. [Non-English content] We can note in the minutes that this proposal has been approved and adopted. [Non-English content] Since all matters on the agenda have been handled by the meeting, I can conclude the meeting and thank the shareholders and the viewers and wish you all the best and a safe, happy Easter. The annual general meeting is closed. Thank you.