 As previously disclosed, on March 31, 2020, the Company entered into a Stock Purchase Agreement the Purchase Agreement pursuant to which the Company agreed to sell its legacy energy saving enhancement business conducted through NF Energy Saving Investment Limited and its subsidiaries for 10 million in cash. The divestiture of the energy saving enhancement business is a key milestone in our strategy to refine our focus, said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. The sale allows us to concentrate on our stronger growth and higher-margin operations in the healthcare business while reducing costs and strengthening our financial position. 