Mr. Dong, I would like to ask Mr. Dong, recently NavInfo withdrew from the shareholders of Hefei Jiefa Technology Co., Ltd. and added Beijing Yizhuang Jiefa Technology as the controlling shareholder. What is the purpose of this equity change? Please explain to me!

1
NavInfo: Hello, Beijing Yizhuang Jiefa Technology is a wholly-owned subsidiary of NavInfo. According to the overall strategic planning and deployment of the group, the direct shareholder of Hefei Jiefa Technology will be changed to Yizhuang Jiefa Technology. After the change, Hefei Jiefa Technology will be a wholly-owned subsidiary of NavInfo and will still be a fully consolidated company. Thank you for your attention.