Does the below text contain description of a military exercise ?  
Warships of the Chinese People's Liberation Army (PLA) Navy have set out for Singapore to participate in the upcoming bilateral joint military drills and an international defense expo, with analysts saying on Wednesday that the events reflect pragmatic cooperation between the Chinese and Singaporean militaries and promote military openness and understanding in the South China Sea.

The guided NAME_1 and the minesweeper NAME_2 affiliated with the navy of the PLA Southern Theater Command have embarked in formation on a voyage to Singapore to participate in the China-Singapore Exercise Maritime Cooperation 2023 and the International Maritime Defense Exhibition (IMDEX) Asia, the PLA Daily reported on Wednesday.

The PLA Navy warships' missions are organized based on an annual international military cooperation plan and a consensus reached by China and Singapore, according to a press release from China's Ministry of National Defense on Monday.

During the event, the PLA Navy delegation will visit IMDEX Asia and join an international maritime security seminar, the Chinese Defense Ministry said.

To be held from Friday to Monday, the drill is the second Exercise Maritime Cooperation, the flagship bilateral maritime exercise carried out by the two countries, following the first edition held in Singapore in 2015 and a hiatus caused in part by the COVID-19 pandemic, the Straits Times reported on Tuesday, citing a statement by Singapor Give two different versions of responses. Please separate the responses with 6 asterisk symbols: ******.
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