Hello, Secretary Dong, the country is currently vigorously supporting semiconductors. Why is it that SMIC's stock has been hitting new lows and is about to fall below its issue price? Can investors understand that SMIC Integration does not have core high-end technology and is only a foundry for ordinary chips?

SMIC-U: Dear investors, hello! The company is committed to becoming the pillar of core chips and modules in the new energy industry. At present, the company has become the largest foundry in China with the ability to produce automotive-grade IGBT chips and modules. It has a complete and technologically advanced automotive-grade high-quality power device research and development and mass production platform. It is an important automotive-grade IGBT chip and module manufacturing base in China. The company's latest generation of high-performance SiCMOS has been released and sampled, and its performance has reached the world's advanced level. At the same time, the company is the largest and most technologically advanced MEMS wafer foundry in China. The company has leading core chip technology in the three major product directions of power devices, MEMS, and RF, and can provide a complete system solution from power devices and modules, driver chips to control. Thank you for your attention to the company.