Thanks for the opportunity. My first question pertains to the vinyl segment. So just want to understand the broad aspects on the pricing what we should expect going forward. So we have seen the real estate prices of China is at 20-year low and how do we see this situation impacting PVC business in general, versus we are also hearing out that inefficient plants of PVC are being shutting down in China. So how to read that in terms of considering the positive news flow of anti -involution versus the negative news flow of real estate not picking up?
Got it. And, just to understand a broader aspect, we have been discussing about the MIP and versus the industry has also initiated ADD, but it did not succeed in November, right? So are we going for because MIP is a short -term phenomenon where we are able to protect our margins or our industry structure, but on a longer term are we still going for ADD to get a longer -term protection from the government side?