It has been seven months since the Shanghai Stock Exchange approved the issuance of shares to specific objects in July 2023. What is the current progress of the private placement? In addition, what is the current status of overseas factories? Domestic electric vehicle manufacturers are constantly expanding overseas. Does the company have any plans for implementation?

Wencan Holdings: Dear investors, please pay attention to the company's announcement regarding the company's issuance of shares to specific objects. Through external mergers and acquisitions, the company has formed a global production layout covering France, Hungary, Mexico, Serbia and other countries. The company is actively deploying high-pressure casting production lines in overseas factories. At present, the San Miguel factory in Mexico has introduced a high-pressure casting production line and put it into operation. In addition, the company plans to introduce a super-large integrated high-pressure casting production line at the Bailian Group's Hungarian factory this year to further enhance the company's high-pressure casting service capabilities in Europe. Thank you for your attention!