In the first half of 2022, the international situation will become more complicated, and my country's foreign trade exports will face greater challenges. For example, the Russia-Ukraine conflict and Western sanctions tore apart the Eurasian supply chain, the United States launched the Indo-Pacific strategy to try to limit China's development, and the Shanghai explosion disrupted people's livelihoods. Major internal and external developments, such as the manufacturing supply chain, have had an impact on my country's exports.

In this complex and arduous context, CNBM Group adheres to the mission of "focusing on value-added services and facilitating customer choice", and strives to build an internationally competitive supply chain integration service provider. Through business portfolio optimisation and continuous strategic upgrades, it achieves counter growth. Among them, the traditional steel and non-ferrous metals sector will achieve a cumulative export of 71,000 tonnes in the second quarter of 2022, and a cumulative export of 145,000 tonnes in the first half of 2022. The amount of sales has increased by 50% compared to the same period last year. In addition, the overseas warehouse business and the new energy vehicle business and import business are also in full swing, and have achieved breakthroughs.

According to the data of China Iron and Steel Association, from January to May 2022 (currently there are only statistics from January to May), my country's cumulative steel export was 25.915 million tons, a year-on-year decline of 16.2%; cumulative imported steel was 4.980 million tons, a year-on-year decline of 18. 3%; cumulative import of steel billets was 3.286 million tonnes, down 26.1% y-o-y; cumulative export of steel billets was 477,000 tonnes, up significantly y-o-y; equivalent to 18.796 million tonnes of crude steel net exports, down 2.534 million tonnes y-o-y. Overall, steel exports have fallen sharply due to the relationship between domestic and foreign supply and demand. The increase in exports is mainly accounted for by steel billets. The geopolitical conflict has led to a shortage of global steel billet resources, and Chinese resources have been filling the gap in global supply and demand.

Against the backdrop of the overall decline in the country's steel exports, our company's export scale has repeatedly reached new highs and achieved countercurrent growth. This is inseparable from our company's continuous development and enterprising overseas markets and continuous and deep cultivation. Central Asia has opened warehouses and offices overseas, as well as branches in Southeast Asia, and continues to explore other overseas markets offline. At the same time, it focuses on overseas markets, such as Southeast Asia, the Middle East, South America, etc., and will continue to develop through overseas warehouse offices and other methods. In this regard, CNBM Group is injecting continuous vitality into business growth.