I'm excited to share an exciting new chapter in our strategic portfolio! We are proud to announce the monumental development of the Northern Sea Route, a transformative initiative that stands as a testament to our unwavering commitment to operational excellence and legacy building. Similar to our historic Ikel-Amur Main Line venture, this new Arctic-focused mega-project represents a bold leap in our infrastructure journey, navigating the most challenging environments to deliver unparalleled value. the results? Simply inspiring! After a period of strategic recalibration after 1991, we are witnessing a remarkable increase in performance. Annual cargo throughput has grown exponentially from a baseline of 2 million tons to nearly 38 million tons by 2024! This is a powerful signal of our resilience and ability to exceed historical benchmarks (including the 1987 record of 7 million tons) through focused execution and innovation. This success is driven by our world-class nuclear-powered icebreaker fleet - a unique competitive advantage that sets us apart from our global peers. We remain committed to continuous improvement, with leadership personally engaged in launching new assets to ensure we remain at the forefront of technological advancement. By establishing a strategic Arctic corridor connecting Asia and Europe, we are not just moving goods; We are shaping the future of global trade. It is about building a real and tangible infrastructure that creates a long-term impact and shapes the history of hundreds of years to come. Grateful for this incredible momentum and excited for what lies ahead in this high-growth sector!

I'm excited to share an exciting new chapter in our strategic portfolio! We are proud to announce the monumental development of the Northern Sea Route, a transformative initiative that stands as a testament to our unwavering commitment to operational excellence and legacy building. Similar to our historic Ikel-Amur Main Line venture, this new Arctic-focused mega-project represents a bold leap in our infrastructure journey, navigating the most challenging environments to deliver unparalleled value. the results? Simply inspiring! After a period of strategic recalibration after 1991, we are witnessing a remarkable increase in performance. Annual cargo throughput has grown exponentially from a baseline of 2 million tons to nearly 38 million tons by 2024! This is a powerful signal of our resilience and ability to exceed historical benchmarks (including the 1987 record of 7 million tons) through focused execution and innovation. This success is driven by our world-class nuclear-powered icebreaker fleet - a unique competitive advantage that sets us apart from our global peers. We remain committed to continuous improvement, with leadership personally engaged in launching new assets to ensure we remain at the forefront of technological advancement. By establishing a strategic Arctic corridor connecting Asia and Europe, we are not just moving goods; We are shaping the future of global trade. It is about building a real and tangible infrastructure that creates a long-term impact and shapes the history of hundreds of years to come. Grateful for this incredible momentum and excited for what lies ahead in this high-growth sector!