How does the company work? Does it not care about the lives of shareholders? Why does it need to increase capital? How will it explain to shareholders the continuously falling stock price?

Changdian Technology: Dear investors, hello. The company's capital increase of RMB 4.4 billion in its holding subsidiary Changdian Technology Automotive Electronics (Shanghai) Co., Ltd. is a joint venture between the company and the National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., Shanghai State-owned Assets Management Co., Ltd., and Shanghai Integrated Circuit Industry Investment Fund (Phase II) Co., Ltd. and Shanghai Core Whale Enterprise Management Partnership completed a joint capital increase in the company that is the target of the automobile project. The company invested 2.326 billion yuan with its own funds, and the remaining funds were provided by the other participants mentioned above. The capital increase is to speed up the construction and operation of the company's first-phase project, which is in line with the company's strategic planning and business development needs, and will help seize the major growth opportunities in automotive electronics in the next few years and consolidate the company's automotive electronics business. The company's automotive business has maintained strong growth since 2019, achieving a revenue compound growth rate of more than 50% from 2019 to 2022, and a year-on-year growth of more than 80% in the first three quarters of 2023. Looking forward to the future, the company is confident that the automotive electronics business will continue to maintain double-digit growth and significantly exceed the overall growth rate of the automotive semiconductor industry. Thank you for your attention and support.