With the cooperation of HOR, who has been dealing with EZ Regular for 17 years, we introduced the Anyfusion Quick ACPi system and Cylinder pump to the cancer center and oncology part of Fakeeh Medical center (150 dispensations per day), the largest private hospital in Jeddah region, and Dr. Erfan & Bagedo general Hospital (40-50 dispensations). We introduced Anyfuision Quick ACPi system and Cylinder pump to the cancer center and oncology part of Dr. Erfan & Bagedo general hospital (40-50 cases). The doctors, dispensing practitioners and ward nurses responded with an expression that their imagination had come true, and we immediately arranged a step-by-step meeting with the purchasing department and hospital management.

HOR, a foreign-owned company and is a sales company focused on medical consumables, introduced us to Company M, a Saudi Arabian company who is a sales company focused on medical equipment, and Company M introduced our product to Saudi hospitals jointly with HOR, and due to the explosive response, we have a plan to sign an exclusive supply contract at the Dubai Arab Health exhibition in the UAE from January 29 to February 1, 2024, on the premise of obtaining CE or FDA certification and SFDA, a Saudi certification, and decided to supply the product as soon as the pre-order and the payment when the certification and production are completed.

After completing the product introduction at two hospitals with the finished product, Company M confirmed the business feasibility of our product and immediately signed the NDA request, but since it is the first Quick ACPi system introduced to the market, we decided to sign the contract based on a thorough market research based on the data base (brochure, video, product list, product supply price) we provided.

Saudi Arabia is a country where government-run hospitals are the mainstay, and they had significant concerns about smooth supply and requested assurances, as the government pays hefty penalties for failure to deliver on time. Company M is a large and well-funded company with offices in Egypt and Turkey, and is responding to the Saudi government's recent policy of promoting manufacturing. In response to my suggestion that Saudi Arabia was being considered as a hub for the Middle East, Company M first suggested that we invest in the country. Saudi Arabia has seen a rapid increase in the number of new hospitals recently due to rising national incomes, and we could see that the market was expanding and the introduction of innovative equipment and advancements was occurring rapidly.

After Company M heard that I was considering Saudi Arabia as a hub for the Middle East, they offered to invest in our company first.

Next week, we will be introducing the product in Kuwait (May 5-6), Spain (May 8-10), and Germany (May 13-16). With higher national incomes than Saudi Arabia and more advanced healthcare markets, we are looking forward to the response from these countries.

Thank you.