Hello, Secretary. In the case that the ETC business may decline year-on-year, does the company have any new businesses? Such as V2X, etc. How are the related businesses developing? What are the prospects? Thank you.

Jinyi Technology: Thank you for your attention to the company! In addition to high-speed ETC products, the company's products also include smart city ETC, intelligent network connection, vehicle-road collaboration and other smart transportation products. In the field of urban ETC, the company's ETC parking and ETC refueling products and technologies are mature. The company is one of the earliest companies in China to apply ETC technology to urban parking lots. Our ETC parking products use the dual-mode technology of "ETC+video recognition", which is at a high level in terms of recognition accuracy and user experience satisfaction. The company's smart parking products have been implemented in high-end benchmark projects such as multiple airports, scenic spots, universities, shopping malls, and large exhibitions. The company's ETC refueling products have been used in gas stations in Hebei, Shandong, Guangdong and other places. In the field of intelligent network connection and vehicle-road collaboration, the company, as the initiator of the R&D Center for Key Technologies and Equipment Industry of Intelligent Vehicle-Road Collaboration of the Ministry of Transport, began the research and layout of intelligent network connection topics as early as 2010, and began the research and development of V2X products in 2013. It now has independently developed relevant US standards, European standards, and domestic standards in China, a full range of 5G V2X products, and a complete V2X vehicle-mounted solution. The company has participated in the construction or testing of many intelligent network demonstration zones in China, such as the Shanghai Intelligent Network Demonstration Zone, Hainan Test Site, Shandong Jinan 5G Intelligent Network Demonstration Zone, Shenzhen Bao'an Intelligent Public Transportation Demonstration Road, Guangzhou 5G Intelligent Network Demonstration Zone, Meizhou Island Intelligent Network Vehicle Demonstration Application Base, etc. The company's LTE-V-based vehicle terminal has been relatively mature after years of testing, verification and iteration. The company's newly developed 5GC-V2X equipment has also participated in many demonstration tests. At present, it is promoting the front-end installation work with many car manufacturers. In 2020, it will cooperate with new car companies such as FAW Jiefang, Chery Jaguar Land Rover, BAIC New Energy, and Geely. At the "New Four Cross-border" and large-scale pilot application demonstration event at the end of October 2020, the company, as one of the main providers of terminal equipment, adopted two technical solutions from Qualcomm and Huawei, and joined hands with Qualcomm, BAIC New Energy, Geely, JEEP, JAC, Changan, Weilai, Renault, Dongfeng, Citroen, Guoqi Zhilian, NavInfo and other companies to bring intelligent network application demonstrations, and jointly presented a new generation of intelligent network transportation for the audience. This event...