A1 China's high-level opening-up will enhance its international cooperation in areas including digital economy and green development.

Chinese companies have a greater need for digital technologies and best practices. SAP can help them digitize business processes in the cloud and become intelligent and sustainable enterprises. Meanwhile, SAP can also help Chinese companies to be more connected to the global business network and to be adaptable to different country regulatory environments and customer requirements.

A2 China's high-quality development will inspire some new trends, driving enterprises to become intelligent, connected and sustainable.

First, in today's digital economy, businesses need to accelerate their transition to the cloud to innovate and transform. Cloud offers fast time-to-value, security, flexibility and scalability. Second, China's dual-circulation economy drives companies to collaborate with domestic industrial chains and integrate with the global business network. Technology is essential. Third, the dual-carbon policy inspires companies to implement a low-carbon strategy for green development. Sustainability data provide the visibility to track and manage carbon in operations and across supply chains to achieve reduction targets.

A3 We have seen strong growth over the past years. Chinese companies of all sizes are accelerating digitalization, especially cloud transformation. SAP offers a highly comprehensive and reliable cloud portfolio, and partners with a local ecosystem. More and more companies are choosing SAP to help them transform their businesses, build resilient supply chains and become sustainable enterprises as they move to the cloud. We expect accelerated growth in 2022.

A4 SAP has been on a journey with 16,000 Chinese customers to enable their digital transformation. We feel privileged to help some of the largest companies in China become global leaders, and also help SMEs fulfill their growth ambition.

We have built an extensive ecosystem with more than 700 partners and initiated China's industrial internet innovation ecological alliance. Last year, we had a workshop with SASAC to discuss helping Chinese enterprises benchmark world-class management. In 2022, we will deepen industrial collaboration by building a holistic local ecosystem with expanded partner groups.

A5 For the past 30 years, SAP has been actively supporting China's growth story and we will continue to invest in our cloud capability, grow our partner ecosystem and step up our social responsibility programs that help provide digital learning and support entrepreneurs who have missions to improve the environment and social conditions.