Hello, your company will cooperate with ABB China, a wholly-owned subsidiary of Swiss ABB, to set up an intelligent equipment company in 2021. Huayu Shanghai accounts for 60% and ABB accounts for 40%. May I ask how is the current progress of this intelligent robot equipment company? Thank you

HUAYU AUTOMOBILE: HUAYU AUTOMOBILE AUTOMOBILE, a joint venture established by the company and ABB Group of Switzerland in 2021, integrates and leverages the effective resources and advantages of both parties in their respective industries to form comprehensive application capabilities in control, drive, robotics, sensor analysis, etc. By using various lean tools, it collects and analyzes data from assembly lines, welding lines, machining lines, injection molding lines, conveying systems, and testing systems, and provides services for customers to build digital, online, and intelligent factories. Thank you for your attention to the company.