The company disclosed that in the 2023 restricted stock and stock option incentive plan, the maximum amortization required in 24 years is 124 million yuan. I would like to ask whether the company will amortize quarterly or a lump sum at the end of the year. The current stock price is already lower than the stock option exercise price. If the option is not exercised, will the amortized expenses be offset? Thank you!

Baolong Technology: Hello investors, thank you for your attention to the company. The equity incentives granted by the company in 2023 have a total expense of 206 million yuan, covering the period from September 2023 to September 2025, and the expenses are amortized quarterly. According to estimates, the single-quarter amounts from Q4 2023 to Q2 2024 are 38.56 million yuan, Q3 2024 is 34.22 million yuan, and Q4 is 13.25 million yuan. The total amount in 2024 is about 124 million yuan. Q1 and Q2 of 25 are both 13.25 million, Q3 is 11.04 million, and the full-year impact in 25 is 37.54 million. If the grantee does not exercise the right within the prescribed period, the amortized expenses will be reversed in accordance with accounting standards and relevant regulations. Thank you!