One. Our next presenter today is Sheng-Kai (Scott) Hsu with Armlogi Holding Corp. Take it away, Ian. Yes. Good afternoon, everyone. My name is Sheng-Kai (Scott) Hsu. I'm the CFO of Armlogi Holding. Let me go ahead to kick off what Armlogi is. So we are a fast-growing U.S.-based warehousing and logistics service provider that specializes in warehouse management and order fulfillment. We cater to cross-border e-commerce merchandise, looking to establish overseas warehouses in the United States market. With 11 warehouses covering over 2 million sq ft, we offer comprehensive one-stop warehousing and logistics services. Our warehouses have advanced technology and specialized equipment to handle large, bulky items. Our company was established in 2020, and by 2021, our revenue size is $9 million, by 2023, we reached $135 million in revenue, and by 2024, we reached $167 million. For the revenue breakdown in fiscal year 2024, which the year end is June 30, 70% comes from the transportation service and 31% comes from the warehouse services. We have 11 warehouses located across the nation, which cover the Zone 1 to Zone 4, which are California, Texas, Georgia, and New Jersey. We do have a comprehensive solution for cross-border warehouse and logistics, which there are three revenue streams from our business: the transportation service, warehouse services, and other services, including customs brokerage and port-to-port trucking and delivery. For our transportation services, we integrate the transportation for seamless warehouse and logistics solutions. We offer one-stop service, beginning with facilitating overseas transportation of our customer merchandise into the U.S. We have developed our own platform designed to facilitate warehouse and logistics management. We also have a long-term collaboration with parcel carriers such as FedEx and UPS. Our substantial volume enables us to obtain the most competitive price advantage. For the warehouse services that we offer, we deliver the most qualified and specialized ISO 9001 certified warehousing and logistics services with 24/7 support. We equipped it with the facility and technology for handling and storage of large items like furniture and appliances, suitable for all e-commerce needs. We also achieve an average of 99.7% inventory accuracy rate, reducing the stock out and shrinkage, and ensure the quality control for our clients. Beyond the warehouse and transportation, we do offer the value-added service just to simplify the logistics process for all of our clients, which includes customs brokerage service and also the port trucking and delivery services. For our growth strategy, first of all, we are trying to expand and diversify our customer base and geographic coverage. Currently, 90% of our clients are Chinese e-commerce sellers that sell in the U.S. We are trying to expand our customer base in Southeast Asia and also in the key U.S. market. Also, we are trying to enhance our customer supply chain efficiency by expanding the breadth and depth of our solution and services, which the customs brokerage service is one and the port trucking delivery is one. And we are trying to offer more of those kinds of value-added services just to simplify and increase the efficiency for our clients. Also, we invested into supply chain technology to drive the substantial growth. We are also looking to the strategic acquisition to expand our market. The following feels like going to the depth of the growth strategy, which I would love to discuss in a one-on-one meeting. Let's move on to the investment highlight. We are a qualified warehousing and logistics service that meets the ISO 9001 standards. We also offer the most competitive and reasonable service fee and delivery fee due to our large volume. And also, we offer the capacity of providing the efficient and low-error warehousing service by leveraging our warehouses and order management technology. We also have an experienced team with strong financial and operational expertise. For the first one that I'm going to tap into, we are one of the most exclusive 26 eBay-certified third-party facilities in the country. And we recently just had a strategic partnership with Temu, which has increased our client from 70 clients all the way to 300 clients. Our inventory accuracy averaged 99.7% in 2023. Also, the investment highlight, I'm not going to go into detail in this section, so I would love to discuss that in a one-on-one meeting as well. So I'm excited to share some insight into the logistics industry and our company role in it as well. The cross-border e-commerce market is a $2 trillion industry growing at an impressive rate of 21% per year. It grew from $928 billion in 2018 to nearly $2 trillion in 2022, and it is expected to reach over $4.3 trillion by 2027. It reflects the power of online shopping and how it continues to transform global trade. In the U.S. market, we have seen even faster growth. It grew from $325 billion in 2018 to $845 billion in 2022, and it is expected to more than double by 2027. The COVID-19 pandemic actually accelerated this trend, with U.S. e-commerce sales jumping 32% year over year. Both consumer habits and businesses have switched to online platforms, driving a new revenue growth for online sales. This switch to online shopping has created a significant opportunity for cross-border logistics companies like us. More businesses are moving online, and they need faster, more efficient one-stop solution logistics providers. This has driven the U.S. third-party logistics market for cross-border e-commerce to grow from $50 billion in 2018 to $128 billion in 2022, and it is expected to double again in 2027, which is in three years. Furthermore, the U.S. third-party logistics provider market for China's cross-border e-commerce grew from $38.1 billion in 2018 to $105.7 billion in 2022, with a CAGR of 29.1%, and it is also expected to double by 2027 to reach $217.3 billion. Our company is riding the wave of the growth. Again, back in 2019, our revenue size was only $9 million in revenue, and in 2023, we reached $135 million, a 40% year-over-year increase. In 2024, we continued to grow, reaching $167 million in revenue, a growth rate of 23.6%. This performance shows that we are not only keeping the pace with the industry growth but also well-positioned to keep expanding as the industry needs. Here is the board director for our company, and thank you, everyone, for joining our presentation. As a logistics company, our mission is to stay ahead by providing the infrastructure, technology, and expertise needed to meet the growing demand for cross-border trade. The future is bright, and we are committed to delivering value to our investors. Our proven record of growth and focus on a high-demand market drive us to continuous success. We invite you to join us on the exciting journey as we leverage our expertise to drive strong returns and create long-term value for all of our stakeholders. Thank you. Now is the Q&A to see if anybody has any questions. Great. Yes. Can you talk about there was the threat of an East Coast port strike a couple of weeks ago? Can you talk about how that affected Armlogi? If that were to happen, would that affect Armlogi? Yes. That is actually how we strategize to locate our warehouses around the port. So basically, we cover the California, Long Beach port, Texas, and Houston, Georgia, and also New Jersey. So even though they have a strike in California, we can still use the other ports. So it doesn't really affect our overall performance. Do you have any industry slide? There was this big figure in terms of growth potential. Yes. Yeah. I was going to say, can you really? No, I think it's the previous one. There you go. Yeah. That's what I was. Can you speak a little bit towards that and Armlogi's positioning within that $2 trillion industry? Was that estimate from recently, or how long ago? So this industrial report was done from Frost & Sullivan back in 2023, which is when the interest rate is still high. So for the interest rate that is kind of lower and expected to be lower, so actually, the number will be more. We are expecting the number will be growing. The CAGR will be actually higher than what they projected back in 2023. I guess the general question I'll ask one more. I know you had a slide on growth strategy, but talk about maybe upcoming catalysts that investors can look forward to to get them maybe in the next six to 12 months that you think would be something that we should be looking out for. I'm sorry. Can you repeat your question? Yes. I know. I asked a lot of things. Just in terms of future catalysts or near-term catalysts that we should be as investors looking forward to, things like additional warehouses, new customers, things like that, what can investors look forward to hearing about over the next six to 12 months? Yes. As I have mentioned, we just signed a strategic partnership with one of the major sales channels, fast-growing sales channels in the U.S., called Temu, which currently we only have around 70 clients in our database. But by partnering with them, we are reaching to 300 clients in our database, which will significantly improve our revenue size and also our profit margin. And also, we are expected to expand to three new warehouses, which are near 1.2 million sq ft. So in total, we are reaching to by the end of fiscal year 2025, we are targeting to reach 3 to 4 million sq ft in warehousing space. Great. Great. So thank you, everyone. Yes. Great. So thank you, everyone. Yes. Great. So thank you, everyone. Yes. Thank you.