The remarks demonstrate China's commitment to continue to promote a high-level opening-up, to share opportunities with the world, and to promote cooperation for innovation, which gives us strong confidence and strengthens Tapestry's determination to increase investments in the Chinese market.

Benefiting from China's continuous opening-up and the remarkable results brought by the high-quality development, Tapestry has seen a strong developing momentum in China. The country is not only one of our most important markets worldwide, but also a source of inspiration for breakthroughs and innovations.

This is the fourth year for Tapestry to participate in the CIIE. With its strong spillover effects, diversified opportunities for cooperation and an open 'circle of friends', this platform gives us a deeper understanding of China's commitment and determination to embrace the world and share the future.