Has your company established a research and development center or subsidiary in Pudong New Area? Will your company follow the national policy and establish relevant subsidiaries in specific areas of Pudong New Area?

Changdian Technology: Hello, the company has established a wholly-owned subsidiary, Changdian Technology Management Co., Ltd., in Shanghai Pudong New Area in July 2020, and its parent company Changdian Technology has authorized it to exercise some of Changdian Technology's headquarters management functions. In April 2021, Changdian Technology Management Co., Ltd., a wholly-owned subsidiary located in Zhangjiang Science City, Pudong New Area, Shanghai, established the "Design Service Business Center" and the "Automotive Electronics Business Center" to leverage the industrial agglomeration effect of Zhangjiang Science City, strengthen efficient interaction and coordinated development with the industrial chain, and further enhance Changdian Technology's support for the entire life cycle of customer products. With the continuous expansion of its business, Changdian Technology will further implement its commitment and mission to promote high-quality development in the Yangtze River Delta. Thank you!