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We are very pleased to be able to gather new and old friends in the industry through this TFWA Asia-Pacific Hainan Special Event to actively cultivate and develop new forms of travel retail. We look forward to strengthen communication with industry partners and introducing more brands and products in the Chinese market, so as to better meet the needs of Chinese consumers.
The epidemic has severely hit the global travel retail industry, but in China, with the Chinese government's strong prevention and control measures, the epidemic has been effectively controlled. This is the prerequisite for us to conduct business in an orderly manner. While persisting in preventing and controlling the epidemic, we will fully grasp the opportunity of the new tax-free policy for offshore islands and fully developing our business. Thanks to the New Duty Free Policy, Hainan offshore Islands Duty Free has continued to grow rapidly, and CDF's sales performance is among the best in the world. TFWA hosted the Asia-Pacific Hainan Special Online Conference, which will help to further understand the challenges and opportunities faced by the travel retail industry now and in the future, and promote the growth of the industry. As the main partner of the event, we are pleased to be deeply involved. While sharing our experience, we will support and work together with all parties to promote the development of the global tourism retail market and better promote Hainan's international status as a global consumption center for Chinese and foreign tourists.
We look forward to further strengthening the cooperation and innovation in the industry. As new companies enter the duty-free market, we think it will bring a lot of new initiatives and new imagination to the duty-free business. We look forward to strengthen communication and exchanges with partners in the industry through the conference, and jointly expand the duty-free market in China, bring better shopping experience for consumers, and share the prosperity of the duty-free market in China.