Hello, Secretary Dong, does your company have an Internet of Things business? If so, please briefly introduce it. Thank you!

TransInfo: Hello, thank you for your attention. The company's intelligent IoT segment has a full set of self-developed production lines, covering global AIoT products, solutions and full-stack capability providers, and is a leader in IoT, artificial intelligence, big data and cloud computing technologies. 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 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.