Your company has only started to make profits in the past two years with the financing of large funds, but the management's salary is tens of millions, which ranks among the top in semiconductor companies. I personally think that the management's salary is too high, which is not conducive to the company's sustainable development. Please cut the salary of executives with a salary of tens of millions and return to the average level of normal semiconductor companies.

Changdian Technology: Dear investors, hello. The company's corporate profitability and management quality have improved significantly in the past two years. The company's net profit attributable to the parent company increased from 90 million yuan in 2019 to 2.96 billion yuan in 2021, and the net profit margin increased from 0.4% in 2019 to 9.7% in 2021. Since the company's free cash flow turned positive in the fourth quarter of 2019, it has continued to achieve positive free cash flow inflows for 10 quarters. Free cash flow increased from 440 million yuan in 2019 to 3.34 billion yuan in 2021. This series of outstanding performance is due to the company's continuous optimization of product portfolio, promotion of differentiated technology market strategies, continuous expansion of in-depth cooperation with high-quality customers at home and abroad in the past two years under the leadership of new management, and promotion of new products with high added value. At the same time, the management continues to strengthen refined management and improve production efficiency, promote lean management in various departments and factories, and achieve cost reduction, efficiency improvement and expense control. In 2021, the company carried out the largest private placement financing of 5 billion yuan since its listing. It relied on complete marketization to achieve over-subscription and attracted the active participation of many leading domestic and foreign investment institutions. However, the major shareholders did not participate in the company. financing in the past two years. The company's remuneration system is performance appraisal-oriented, and the management's income is linked to the completion of the company's business plan. The company will regularly review the remuneration policy to match individual remuneration with job value, employee capabilities and performance, and match the company's total remuneration with the company's benefits. The company introduced the employee stock ownership plan and equity incentive plan this year, aiming to change the previous single method of cash, improve the salary structure and incentive mechanism for core personnel, normalize medium and long-term incentives, and other domestic semiconductor companies that combine the two. Salary levels at leading companies are also more comparable. Thank you for your attention and support.