With such a large investment scale of 7.34 billion euros for the Hungarian factory in Europe, will the money just raised from the private placement be used?

CATL: Dear investors, this project uses the company's own funds and has nothing to do with the funds raised from the private placement. The funds raised from the private placement will be used strictly in accordance with the issuance plan to invest in the battery production base projects of CATL in Fuding, Ruiqing, Jiangsu, and Jiaocheng, as well as the R&D and application projects of advanced new energy technologies. Thank you for your attention.