First of all, congratulations to the company for maintaining a market value of 10 billion yuan despite the poor index. May I ask why the company's 2020 annual report and 2021 semi-annual report omitted the net assets of Hangzhou Jiaozhi of 5.77 billion yuan. Hangzhou Jiaozhi's main asset is Uniview Technology. After the company absorbed Hangzhou Jiaozhi, the 2021 annual report showed that Uniview Technology's net assets were 3.219 billion yuan. What is the reason for the generation of intermediate net assets?

Qianfang Technology: Hello, thank you for your attention! The difference of 255,100 yuan in net assets between Jiaozhi Technology and Uniview Technology is mainly goodwill. The goodwill of 2.783 billion yuan was formed by the acquisition of Uniview Technology by Jiaozhi Technology under non-identical control. In 2021, Qianfang Technology absorbed and merged Jiaozhi Technology and completed it at the end of 2021. After the absorption and merger is completed, the goodwill formed when acquiring Uniview will be reflected at the merger level of Qianfang Technology.