Public information shows that Beijing Intelligent Connected Vehicle has established a venture capital fund, led by Yizhuang State Investment. I would like to ask whether your company and Yizhuang State Investment have any cooperation in the direction of intelligent connected enterprises?

NavInfo: Hello, Yizhuang is an industrial cluster for intelligent connected vehicles in Beijing, and is also the location of Beijing's high-level autonomous driving demonstration zone. There are many foreign and local brand car manufacturers in the district. Yizhuang wants to build a national model of intelligent connected vehicles, and the combination with NavInfo can be said to be complementary. In the future, the company will focus more resources to enhance the competitiveness of core products and services for automotive intelligence, provide customers with more agile services, and provide more accurate automotive intelligent product portfolio solutions based on the pain points of many car manufacturers. At the same time, based on the company's past participation in the formulation of multiple industry-related standards, the construction of multiple high-level autonomous driving demonstration zones and Internet of Vehicles pilot zones, the company will continue to promote participation in government-led projects including vehicle-road-cloud integration. Thank you.