We deeply agree with President Xi's speech that "Over the past three years since its inception, the CIIE has enabled exhibits to become traded goods and exhibitors to spot more investment opportunities."

President Xi's speech conveyed a positive signal that China will continue furthering opening-up, which has strengthened our confidence in the Chinese market. Even when the epidemic was at the severest point earlier this year, we continued investing in several Chinese innovative companies.

President Xi also highlighted that China will keep improving its business environment. In the wake of COVID-19, China has adopted a range of pro-business relief policies that apply equally to all companies registered in China. This will further strengthen the foundation for future industrial cooperation between foreign-funded enterprises and China, and will be conducive to in-depth and long-term cooperation between foreign enterprises and Chinese industrial partners.