CEO's speech (biz writing) Good morning everyone, Thank you for taking the time to attend this important meeting. As you might have known, our company is currently going through a difficult period. During the past 6 months, our profits have dropped rapidly, from $650 million to $310 million. Severe competition, outdated technology, and a lack of innovation are some of the reasons for our miserable performance. At this crucial juncture, I decided to take a deliberate action-downsizing. I resolved to reduce the workforce by 25% in each department. I have thoroughly conceived a 25-week redundancy plan with my personal assistant and the general manager. Admittedly we will encounter contingent risks when implementing this plan, but how many world-renowned companies succeeded without boldly taking risks and making innovations. Just like a great Canadian hockey player-Wayne Gretzky said, “You miss 100% of the shots you never take”. If we risk nothing, we will achieve nothing. I believe that we will soon regain the market leadership in the whiskey market, as long as we endeavor to carry out this plan and confront the potential risks with courage. Shall we move on to the next session? Let’s give a warm welcome to our general manage-Julie. She is going to present the outline of this plan.