Greetings, welcome to Gulf Resources 2020 First Quarter Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I'll now turn the conference over to Helen Xu. Please go ahead, Helen.

Great, thank you, operator. Good morning ladies and gentlemen. And good evening to all of you joining us from China, and we'd like to welcome all of you to Gulf Resources’ First Quarter 2020 Earnings Conference Call. My name is Helen, the IR Director. Our CEO of company, Mr. Xiaobin Liu is also joining us this call today. I'd like to remind you to all of our listeners that in this call certain management's statements during the call will contain forward-looking statements but our sorties in corporation and its subsidiaries business and its subsidiaries business and products using the mean of rule when compared on the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Actual results may differ from those discussed today, taking into account a number of risk factors, including, but not limited to, the general economic and business condition in PRC. The risks associated with COVID-19 pandemic outrage, future product development and production capabilities, shipment to end customers, market assortment of new and existing products, additional competition from existing and new competition from the bromine and the oilfields and power production chemicals, changing technology the ability to meet future bromine assets and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by these cautionary statements and the risk factors detailed with the company's reports filed with SEC. Gulf Resources assumes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this call. According to our company's beliefs, expectations reflected in these forward-looking statements are reasonable, and there can be no assurance of such will prove to be correct. In addition, any reference to the company's future performance represents the management's estimates as of today, the 22 of May, 2020. For those of you unable to listen to the entire call at this time, a replay will be available for 14 days at the company's website. The call is also accessible through the webcast, and the link is accessible through our website. So please locate our press release issued earlier for the details. So we like to start the call the call with some introduction remarks introduction remarks by our CEO, Mr. Xiaobin Liu.

[Foreign Language] Thank you all attending this call. So for the past 13 months have been long because of our company as we had to close all of our facilities for the several regions. During this fiscal time we were hit by one of the most distractive pandemics in the history of China. We were getting production back. We were adversely impacted by the COVID-19 pandemic. Now however, at last we can see real signs of progress. [Foreign Language] We have four of our [indiscernible] in commercial production, we are optimistic about remaining three bromine factories. The company had filled more new wells and brought new agreements. Now we are about reduction of our new Tencent, which is re-planned to focus more on higher margin from a surgical intermediate product. And Petro China has also discovered one of the biggest natural gas belts. Sales in Chinese history in the same time that our existing natural gas well and two additional registered belts are located. [Foreign Language] Despite the fact that all of our facilities closed for most time of the past 30 months and the cost of buying all new equipment and drilling more new wells, we are still in a strong financial position with approximately $93.6 million in cash. We have enough capital to build our new chemical factory, reopen our remaining bromine and crude salt facilities, and drill our wells in Sichuan Province. [Foreign Language] We look forward to returning to profitability in the near future. We appreciate the support of our shareholders. Once we start construction on our chemical factory and get a better sense of timing for the approval of our remaining bromine factories, we will provide investors with further updates on our three-year plan for growth and profits. We are very optimistic about our future.…

Yes, Helen, thank you. [Operator Instructions] Helen, it appears we have no questions at this time.

Okay, thank you, operator.

Excuse me, I am sorry. We did get a question from a John [indiscernible], a private investor. [Foreign language] Please go ahead sir.

Yes, we are now half way through the second quarter of the year. Do you have a forecast for revenue and profit in this quarter?

Hi, sorry. I cannot hear you clear. Would you mind repeat your question?

We are now half way through the second quarter of the year. Do you have a forecast for revenue and profit in this quarter?

For the second quarter? Okay. May I know your name, I think the operator may be lost the line. John [indiscernible] …

Yes, Mr. John currently he asked his question already, Helen. Mr. John, I am sorry, could you please repeat that, I am having a technical difficulty with hearing you sir.

I got his question.

Thank you, please continue Helen. Excuse me.

Thank you. [Foreign Language]

[Foreign Language]

Okay. Thank you. [indiscernible] yes, even though there are only four factories in commercial production currently [indiscernible] probably the investors we say that we may provide like a prediction in revenue, prediction of guidance for public issued the press release on the company website.

Hello?

Hello?

Hi operator, I think his line is not clear.

Yes. This line is clear now. Yes, thank you. There are no additional questions at this time, Helen. Would you like to make some additional remarks?

Okay, well.

Thank you, Helen. We have no additional questions.

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language] Hi, operator. Do we have any more questions, otherwise we can close the call for today.

Yes. There are no additional questions, Helen. You may close the call.

Okay. Thank you. Thank for attending this call. Thank you all. Take care.

Thank you. This concludes today's conference.

Thank you.

You are welcome. You may disconnect your lines at this time everyone. Thank you for your participation.

Thank you.