Products such as the Smart Entry Software Suite have received orders for pre-installation mass production. 3. How is the company's R&D status?

Desay SV's answer: Maintaining technological leadership is the core element to ensure the company's long-term development. In 2020, the company invested 817 million yuan in R&D, accounting for 12.02% of sales. For three consecutive years, R&D investment accounted for more than 10% of sales in the same year; R&D personnel accounted for 40.69%. At the same time, the company continued 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 2020, the company continued to improve the quality of R&D personnel and optimize the talent structure. The proportion of master's and doctoral students in the R&D team continued to increase.