Season’s Greetings

As the year draws to a close, I would like to take this opportunity to extend my sincere appreciation for your continued support throughout the year.

In 2025, the global and political environment became increasingly uncertain, marked by the ongoing Russia–Ukraine war, escalating tensions in the Middle East surrounding Israel, and the prolonged U.S.–China frictions. Despite these challenging circumstances, we are deeply grateful for the trust, cooperation, and support we have received from you.

Please note our office will be closed for the year-end and New Year holidays from Saturday, December 27, 2025, through Sunday, January 11, 2026.

Looking ahead, we anticipate that the coming year will remain demanding; however, we will continue to respond proactively to change and to create a value. We sincerely appreciate your continued guidance and support.

Wishing you good health and a joyful holiday season, and every success in the year ahead.