Recently, relevant national departments have announced that 10 cities will be selected as pilot cities for the second phase of smart cities and intelligent connected vehicles. As a leading company in the industry, what achievements has the company made in the first phase of the pilot? How much has it improved its current operating performance? At the same time, how can the company use the experience gained in the first phase to achieve a major breakthrough in the second phase, whether in terms of quantity or revenue? Thank you

Qianfang Technology: Hello, thank you for your attention. We and our jointly controlled entities have participated in pilot projects in Changsha, Chongqing, Chengdu, Ningbo and other places. We have also participated in many other vehicle-road collaboration projects such as: 1) Beijing-Taipei Expressway section (starting from Xingyi Road in the south and ending at the South Fifth Ring Road in the north) 2) Beijing Yizhuang (Economic Development Zone) Autonomous Driving Demonstration Zone 3) Zhongguancun Environmental Protection Park Autonomous Driving Operation Demonstration Zone 4) Deployment of vehicle-road collaboration equipment in the northern section of Yanchong Expressway 5) Ningbo City Urban Smart Car Infrastructure and Mechanism Construction Deepening Pilot Project 6) Highway 1 7) Beijing CBD West District Vehicle-Road Collaboration Project 8) Hunwu Expressway Intelligent Demonstration Project, etc.