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<div><font size="3">Dear all,</font></div>

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<div><span style="font-size:medium">As the year comes to an end, warm holiday wishes to you and your families. Thank you for another productive and rewarding year of collaboration.</span></div>

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<div><span style="font-size:medium">Happy holidays,</span></div>

<div><span style="font-size:medium">Stepan</span></div>

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