Mr. Dong, I would like to ask, with Siwei investing so much money in R&D every year, what has it actually developed, or what is the progress of the R&D projects?

NavInfo: Hello, the company has clearly focused on the intelligentization of automobiles as its main track: relying on the closed-loop capabilities of various map data with high technical barriers, it provides intelligent cockpit systems and autonomous driving systems, including domestic automotive-grade chips, to car manufacturers. And it provides government and enterprise services in the core scenarios of smart cities such as public security and transportation. The company's R&D investment is mostly concentrated in cutting-edge businesses. For example, in recent years, the industry has faced the popularization demand of L2 and L2+ level autonomous driving functions from leading car manufacturers. As a tier1, the company is continuously receiving relevant orders and has begun large-scale mass production and delivery; at the same time, the high-performance intelligent cockpit domain control SoC chip AC8025 independently developed by its subsidiary Jiefa was successfully lit up. AC8025 is Jiefa Technology's latest innovative achievement in the field of intelligent cockpits, which can realize highly intelligent vehicle cockpit control and management, and integrates multiple functions such as AR-HUD, high-performance navigation and entertainment systems, 3D LCD instruments, 360° surround view and cockpit environment control. New products will continue to be developed in the future. Thank you for your attention.