In last couple of days on various Chinese medias, there were a...

In last couple of days on various Chinese medias, there were a few more publications on the "One drop of water, two drops of use" similar to the report above. This is indeed great that news of our MABR achievements for the expressway in Hubei is spreading.

https://m.tech.china.com/tech/article/20221231/122022_1205790.html
https://i.ifeng.com/c/8MBh9DdluKJ

Whether the relaxing of zero Covid policies is having impact on traveling overseas, from what I have gathered, the local traveling and activities seems like it is getting back to pre-covid days. A Simple example is the release of Avatar 2 in China.The Movie collected a whopping $ 57 Million in the first weekend, the highest Hollywood Collections for 2022 and the fourth highest of all times. It was released on 16th December well in the middle of any outbreak, thats roughly around 16.71 Million footfalls. You wont be having 17 Million People flocking to watch Avatar 2 if people are dying in such massive numbers.

So what I may suggest for 2023, our revenue from China could be quite significant as we would have the backlogs from the past 2 years to fulfill. I would be keen to hear from Tom and Richard on this. hopefully, we are given a nice figure to work on this year's expectation.

A bit more news on iTEST. It has won the top 10 innovative application achievements in the National Expressway Service Area.
http://news.cjn.cn/hbpd_19912/jj_19921/202212/t4392469.htm



I hope this win will give us more edge for more jobs of similar nature. It would be lucrative for us as it should also be a bulk order, and it would add on to our reference sites, not in terms of a few a quarter, but another expressway order should take us hopefully beyond 500 soon.

We started 2022 at 15.5c, and back to 16.5c at year end, thanks to a fund who held 5m shares exiting in total. It is all done now. I am looking forward to a better 2023 with some solid sales in China, Taiwan, South Korea and South East Asia; some leads and development on waste to energy and sales in USA and the Caribbean; developments in South America and more in the Middle East.

PS. I have forgotten to include the link to the PS3 news I had just posted, here is the link:
https://construction-property.com/the-third-wastewater-treatment-plant-in-sihanoukville-completed-74/