On April 29, 2009, President Hu Kaijun of China Grand Enterprises visited our company for inspection and guidance. Chairman of the company Jin Bo reported to the President Hu about the company's recent operation and management. President Hu is very satisfied with the performance achieved by our company in the first quarter. We fully affirmed some of the reform measures implemented by our company this year. At the same time, we made important instructions to the next stage of our work and said that the group company will strongly support Zhejiang Grand Imp. & Exp. Co., Ltd. is bigger and stronger in the field of circulation.