Ladies and gentlemen, thank you for standing by and welcome to the China Pharma Holdings’ Q2 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to Ms. Diana Huang. Please go ahead, ma’am.

Thank you, operator. Good morning, ladies and gentlemen, and good evening to those of you joining us from China. Welcome to China Pharma Holdings’ second quarter 2019 earnings conference call. I’m Diana Huang, the Company’s Investor Relations Manager. Speaking on the call today are China Pharma’s President and Chief Executive Officer and Interim CFO, Ms. Zhilin Li; and Corporate Vice President, Mr. Sam Hsing. In addition, I will provide translation during the Q&A section of the call. I would like to remind all listeners that on this call management’s prepared remarks contain forward-looking statements which are subject to risks and uncertainties. And management may make additional forward-looking statements in referring to your questions. Therefore, the Company claims the protection of the Safe Harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those discussed today due to such risks as: market and customer acceptance and demand for our products; our ability to market our products; the impact of competitive products and pricing; the ability to develop and launch new products on a timely basis; the regulatory environment, including government regulation in the PRC; our ability to obtain prerequisite regulation approval to commercialize our products; fluctuations in operating results, including funding for research and development and sales and marketing activity; and other risks detailed from time to time in our filings with the SEC. In addition, any projections as to the Company’s future performance represent management’s estimates as of today, August 15, 2019. China Pharma assumes no obligation to update those projections in the future as market conditions change. Now it is my pleasure to turn the call over to China Pharma’s CEO and Interim CFO, Ms. Li, to make her opening remarks in Chinese, which will be translated by staff. Afterwards, Sam will continue translating Ms. Li’s detailed discussion of the Company’s second quarter 2019 financial results.

[Foreign Language]

Thank you, Diana, and good morning, everyone. I thank each of you for joining us today and for your continued support of China Pharma. We’ve experienced negative impacts on our sales from the strict implementation of the government policy of controlling the proportion of the spending on drugs to the patients’ total expenditures in hospitals. Management endeavors to vigorously promote sales through active participation in recent provincial market openings to solicit new drug tender offers and allow China Pharma to expand its presence in these markets. In addition, we are experiencing sustained pressure from the more stringent requirements of the drug registration standards, consistency evaluations and challenging environment in our industry in this period. We will continue actively adapting to the state policy guidance and further evaluating market conditions for our current existing products, pipeline products, and competition in the market, in order to optimize our development strategy. Simultaneously, we will also actively implement the launch of our nutrition products. I will now read the rest of Ms. Li’s prepared remarks in English. Now I would like to review our second quarter of 2019 financial results and balance sheet information. Revenue decreased by 19% to $2.6 million for the three months ended June 30, 2019, as compared to $3.2 million for the three months ended June 30, 2018. This decrease was mainly due to the market reaction caused by the strict implementation of the policy on controlling the percentage of the spending on medicines to patients’ total expenditure in hospitals. Gross profit for the three months ended June 30, 2019 was $0.2 million, as compared to $0.6 million during the same period in 2018. Our gross profit margin in the three months ended June 30, 2019 was 6.4% as compared to 18.3% during the same period in 2018. The decrease…

On behalf of the entire China Pharma team, we would like to thank you for your interest in the Company and the participation on this call. For any of you traveling through China, we always welcome and encourage any visitors from our shareholders, potential investors and analysts. This concludes China Pharma's second quarter 2019 earnings call.

Thank you, sir. Ladies and gentlemen, that concludes our conference for today. Thank you all for your participation. You may disconnect now.