Sino-German and Haitong have not seen any major transactions for such a long time since they reduced their holdings. Since the company is going to become a world-class semiconductor material company, why not help it find buyers, such as China Resources, the National Integrated Circuit Industry Fund, etc., and also find targets like them who can support the company's development for the private placement.

Tianyue Xianjin: Dear investors, hello! The reduction of holdings by shareholders is a voluntary decision made by shareholders based on their own capital needs. The company will maintain close communication with relevant shareholders, continue to pay attention to the implementation of the shareholder reduction plan, and fulfill the obligation of information disclosure in a timely manner in accordance with relevant regulations. Thank you for your attention!