Good morning,Ladies and gentlemen.I would like to welcome you to the annual meeting of our company.Mr.Smith will give a report on business developments in the first half of the year,and Dr.Black will then explain the sales for the second half of the year .Mr.Green will give us a report on the current situation in the home market that could have an impact on our business in the future.At the end of the meeting,we will be delighted to answer your questions.Now,let's welcome Mr.Smith.