Let me give you the details that under economic circumstances, Tileyard's strategic plan to set a new site in Singapore is extremely beneficial. The Doing Business 2020 report (World Bank, 2019) rated Singapore as the best place to do business in Asia because of its stable investment environment. Singapore has a high economic growth of 4 - 6% (Xinhua News Agency, 2021), implicating that Tileyard can get a high economy size in Singapore. As we can see from the chart (Ernst & Young, 2020), Singapore's incentive schemes for foreign companies to locate in the country include tax breaks and tax exemptions. In general, Tileyard is able to receive a tax rate of 5-10% and investment allowances, which allows Tileyard to reduce costs and reinvest profits in expansion plans in the Far East market.As shown in the chart (Finance Sina, 2021), the statistical curve for the Pound Sterling to Singapore Dollar Exchange Rate is generally rising, but was about to trend downwards since April. In this case, the investment needs and income levels of more investors can be realised and Tileyard is able to earn additional exchange gains as a result. So Tileyard should seize this opportunity to exchange currencies.OK, moving onto the next part, welcome Patty!