Your company and Dasheng Intelligent are both mainly engaged in solutions, IoT products, big data cloud and other businesses. What competitive advantages does your company have?

Qianfang Technology: Hello, thank you for your attention. Qianfang Technology is a professional intelligent transportation industry comprehensive solution provider and operation service provider. Adhering to the company's concept of digital governance of all-domain transportation and taking data empowerment of transportation scene applications as the starting point, the company has continuously promoted the digital transformation and upgrading of the entire chain of transportation business around more than a thousand actual scenes, and built a comprehensive solution and product system covering the entire field of construction, management, maintenance, transportation and service. The company's AIOT segment has a full set of self-developed production lines and a full-chain AI security product with visual perception as the core. It currently covers global AIoT products and is a professional solution and full-stack capability provider for the IoT security business. It is a leader with the Internet of Things, artificial intelligence, big data and cloud computing technology as the core. In 2018, it entered the top 4 in the world, and R&D technicians accounted for 50% of the company's total number of employees. It has R&D institutions in Hangzhou, Shenzhen, Xi'an, Jinan, Tianjin and Wuhan in China, and has built a global intelligent manufacturing base in Tongxiang. In addition, the total number of patent applications is 2,500, of which invention patents account for 81%, and 1 invention patent application is added every day, covering various dimensions such as optomechanical, image processing, machine vision, big data, and cloud storage. The company is optimistic about the broad track of Internet of Vehicles. It recently invested in Lianlu Intelligent and became the largest shareholder. Together with the second largest shareholder Continental, it empowers Lianlu and provides a solid foundation for Qianfang to continue to deploy the Internet of Vehicles track. In the future, Continental Auto will provide Lianlu Intelligent with product and technical support in 5G/V2XOBU, roadside radar, conversion development of vehicle-mounted perception fusion algorithm to road side, electronic horizon, UWB, autonomous parking and charging services, etc., and does not rule out the layout of more vehicle-side products in the future.