In the third quarter of 2022, Nutrarex Biotech’s accumulative inspection testing expenses reached NT$615,420, a 60% increase compared to last year's inspection expenses of NT$384,120 and it is expected that the total expenses will exceed NT$1 million in 2022. Our scope of testing and inspection standards and items are increasing year by year and correspondingly the related expenses. Nevertheless, Nutrarex Biotech remains firmly committed to “food safety” of each batch of ingredients and finished products, regardless of the cost.
Whether or not the inspection fee increases by 60%, 100% or 200%, as long as the public has doubts and customers are still unsure, we will continue to inspect all raw materials and products. We believe that the annual inspection fee exceeds NT$1 million is something to be proud of, not because of record profits, but because we have safeguarded the health and safety of our customers, which is our paramount mission.