When the company went public, in order to increase the fundraising quota, it issued two asset management plans for employee-owned strategic allotments. Now both are deeply locked up. Does the company have a private guarantee agreement? If not, will employees bring their emotions to work and affect the quality of production and operation?

Mericun: Dear investors, based on the confidence in the company's future development, the company's main executive team and core employees voluntarily participated in the company's offline strategic placement asset management plan. All information of the asset management plan is also disclosed in the "Special Verification Report on Investors Participating in Strategic Placement by Changjiang Securities Underwriting and Sponsoring Co., Ltd.". At present, the company's stock price is between 10% and 20% lower than the issue price. The restricted period for employees to participate in the placement of shares is 12 months, so there is no deep lock-in situation. Thank you for your attention.