On 29th October 2021, our European subsidiary, Nichirei Holding Holland B.V. has acquired all the issued share of Norish (N.I.) Limited and its subsidiary. We launched Import– Export forwarding and transportation services in the United Kingdom in 2014 (now Thermotraffic UK), and has also developed value added services in inland areas since the acquisition of Kevin Hancock Limited in 2020. With the acquisition of Norish (N.I.) Limited, we will expand our temperature-controlled logistics business to the United Kingdom through subsidiary Norish Limited, which operates a total of six refrigerated warehouses in inland and port areas, providing storage and related value added services including blast freezing. Norish Limited has also acquired facility certifications required for handling export cargo to China, the United States, the European Union and other countries. This acquisition will enable Nichirei Logistics Group to launch a full-scale entry into the refrigerated warehousing business in the United Kingdom while aiming to further expand business through the creation of Group synergies.