Mr. Dongshi, hello, first: May I ask what is the latest equity ratio of Elaphe, the European hub motor company invested by your company? Second: According to your company's introduction, Elaphe has reached cooperation with Lightyear of the Netherlands and Aptera of the United States in the field of motors, and the two electric vehicle companies are about to usher in the delivery period. Will it have a positive economic benefit to your company? Third: In addition, what do your senior executives think of the official commercialization of hub motors abroad? Do you have an estimated time for comme

Asia Pacific Shares: Hello, the company currently holds 20% of the shares of Elaphe. If the hub motor is first put into commercial use abroad, it will definitely play a positive role in promoting the industrialization of hub motors in China, allowing domestic customers to see substantial cases of hub motors in vehicle application reliability. The company is also actively promoting hub motor technology to major vehicle manufacturers, and the company will work hard to accelerate the industrialization of hub motors. Thank you for your attention!