Recently, the Philippine subsidiary of FiberHome has successfully won a multiple-billion Philippine peso(more than USD 100 million) purchase order from one of the biggest Philippine telecommunication company. The project covers the construction and maintenance of fiber optic broadband access network for millions of subscribers in the network of this telecommunication giant. Combined with the maintenance of backbone network and wireless facilities maintenance that has been acquired in the early stage, the landing of this project marks that FiberHome formally realizes the end-to-end construction and maintenance business undertaking in this large telecommunication network operator. This is not only a technical recognition of our group, but also a high affirmation of our brand and team's comprehensive strength, which will further solidify the position of FiberHome as a leader among the long-term partners of biggest operator in the Philippines.

At the same time, the acquisition of this large order also fully demonstrates the continued influence of China's "the Belt and Road" initiative framework. FiberHome will take this opportunity to deepen the cooperation in the communication field in the Philippines, promote the implementation of the "the Belt and Road" initiative in the construction of digital infrastructure, and contribute to the economic and trade cooperation and cultural exchanges between the two countries.