Has the company's 128-line vehicle radar been used in new energy vehicles? Which companies are using it or will use it soon? It is said that Baidu and BAIC Blue Valley Huawei's cars all use the company's radar, is that true? New energy vehicles are a hot industry worldwide, so how should the company step up its efforts to expand new businesses? Investors are concerned, please answer.

Wanji Technology: Hello. The company has reached commercial cooperation with Dongfeng and Yutong on vehicle-mounted laser radar. The company's 128-line automotive-grade laser radar is currently undergoing joint testing with passenger car companies. Due to customer confidentiality requirements, the name of the car company is not convenient to disclose. Against the backdrop of the country's vigorous development of smart cars and promotion of new transportation infrastructure, the company's new businesses such as laser radar, automotive electronics, and intelligent networking will usher in rapid development opportunities in the future. The laser business grew by 37.13% in 2021 compared to 2020. Benefiting from the rapid development of the company's business in smart transportation, smart equipment, and multi-line laser radar for multi-dimensional perception, the growth trend is expected to continue in 2022. In terms of automotive electronics business, the company has obtained orders from more than 60 automakers. 2022 is the introduction period for pre-installed ETC on vehicles. The company expects to achieve large-scale revenue contribution. At the same time, the company is actively deploying V2X and LiDAR on vehicles. Pre-installed V2X vehicle communication terminals have been designated by well-known commercial vehicle companies and new energy leading vehicle companies. The project life cycle is 4 years, and the cumulative contract amount in the life cycle is 520 million yuan. It is expected to take over the pre-installed ETC to drive the growth of the company's automotive electronics business. In terms of intelligent network business, the company has formed solutions such as smart digital tunnels, smart free-flow toll stations, smart service areas, and holographic intersections. Based on the promotion of the national new infrastructure policy and the market situation, the company is expected to generate large-scale revenue contribution this year and will enter a period of rapid development in the next few years. Thank you!