Mr. Xia Yu explained the future supply and demand situation for MEG. MEG capacity growth is slowing, with the main growth momentum still coming from China. Driven by China, future MEG demand growth is expected to outpace capacity growth, and the global polyester supply pattern is increasingly concentrating in China, which has gained a 23% share of the global market over the past 17 years. The global MEG trade flow is increasingly dominated by cooperation between China and the Middle East. He also introduced the Sino-Saudi Gulei Ethylene Project and SABIC's new ethylene glycol sales model-the SABIC China Published Price.