During the Period, PAX revenue from overseas markets were up by 24.5% to HK$383.5 million, compared to HK$308.0 million in the first 3 months of 2015. In the United States and Canada (“USCA”) region, the ongoing Europay, MasterCard and Visa (EMV) migration shift and PAX’s diversified portfolio of multimedia and mobile payment terminals, contributed to robust sales. In Europe, the acquisition of Pax Italia S.r.l. in July 2015 continued to bear fruit. Sales in Germany and Eastern Europe are also on the increase. PAX management expects to win considerable and sustainable market share in Europe in coming years. Growth in Middle East was attributable to the launch of high-end payment terminal models, while growth in Asia Pacific (Except for Mainland China) (“APAC”) region was attributable to the introduction of mobile payment terminals in India. Growth in these overseas markets helped offset the impact of order delays in Brazil.