Since we commenced business operations in August 2004, our management's operational expertise and execution capability, coupled with our strong research and development capabilities, have allowed us to rapidly install five solar cell manufacturing lines and expand our annual manufacturing capacity by 160 megawatts (MW) in 2006. As of December 2006, we had six solar cell manufacturing lines with an aggregate production capacity of 192 MW per year, assuming the use of 156-millimeter monocrystalline silicon wafers. We plan to increase our annual production capacity to approximately 320 MW by the third quarter of 2008, with ten manufacturing lines in total.