Thank you.
I want to thank both of you, Ms. Lam and Ms. Ka Hun Cho.
Next we'll go to our first round of questions for six minutes.
Witnesses, I want to let you know that I use cue cards. When you have 30 seconds left on the time, I'll put that up. When you're out of time, I'll put the “out of time” red card up, so you can wrap it up and I don't have to cut you off.
We'll begin with Mr. Moore for six minutes.