XAG To Leverage Agri-Tech To Transform Farming In China

00:00Let us get a feel for how modern technology is changing agriculture in China. Yes. In the last seven years, robots and A.I. have made a significant impact on the landscape of China. The robots and A.I. are changing China's landscape. Robert helps farmers by replacing manpower and helping them to work hard in their teen years. This is how he creates the future of China's agriculture. We also see autonomous technology. A farmer can now manage large-scale farmland on his own. This helps farmers increase their incomes as well as attract younger people to return to farming and help them with third robots. They can also manage more farmland with greater scientific accuracy. So what does this mean for the demand for drones in China? And in other markets where you see potential growth? There are two types of markets that are growing. The first is countries with large populations of elderly farmers, such as Japan Australia or some European countries. Other countries are developing nations with a growing urban population, such as India and Brazil. These countries will have increasing job demands. Robertson A fundament. How about regulations? Some regulations are more stringent than those in China. It could be said that what you see in China means that all major markets are ready to accept this technology for agricultural applications. Drone adoption is slow. There should be a regulation for Europe. We need to speak to the authority to show that the dual are safer than labour sprayhuman spray. It will take time. Youth Authority and farmers can accept these flying objects spraying chemicals in a sky. We also have ground-based robots, and other tools like autonomous tractors and such tools. I don't think there is any problem with the current regulations for agriculture missionaries. Let's discuss the competition. We've heard that Flyaway is getting into smart farming. DG I, one of our competitions in the drone space, also has its own agdrone. Are you worried about the market becoming too crowded? How can you make your mark among these large players? It's just the beginning, as we try to connect farmer and rural economies to the digital world to create digital tweens to aid in agriculture production. It's only the beginning, I can tell you. We welcome all players to our farmland in order to improve farm operations. Seiji, who has been in this area for seven years, is a good example of competition. We have enough knowledge to transform ourselves from Jamaica to our agricultural technology company. There are many barriers to the market. Please update us about your IPO plans. We hear that you are preparing for this and it may come true. China stylemarket is I can't speak on that subject but we do plan to raise additional funds in the future as the market is expanding rapidly. We are also facing many challenges, such as the global shortage in the supply chain. The pandemic is also possible. We need to be prepared for any eventuality. What amount of funds do you actually need to expand your business? We have enough funds to build new factories and distribute more products over the next two-years. Please give us some details about the timing. Are you looking for something next year? Thisyear. Yes, we are. Our super factory will produce millions of drones and robots each year. This is especially true in China. We are also undergoing revitalization. Thefactual will likely stop operating next year and then the year after. We will be able to offer more products and we will need more money to go overseas.