Could you please introduce the company’s R&D capabilities?

Desay SV's answer: The company's high attention to independent research and development and innovation capabilities has become one of the fundamental driving forces for the company's continuous progress. The company established a technology research and development center in 1992, and also has research and development branches in Singapore, Europe, Nanjing, Chengdu, Shanghai, Shenzhen, Guangzhou and other places in China. In the first three quarters of 2022, the company still maintained a high level of R&D investment, and R&D expenses accounted for about 10% in the first three quarters of 2022. At the same time, the company continues to deepen the optimization of the R&D system architecture and build a platform-based, efficient and agile R&D system. Talent is the core of technology. In 2023, the company will continue to improve the quality of R&D personnel and optimize the talent structure.