May I ask what tier does your company's millimeter-wave radar product belong to among domestic manufacturers? Do you have a first-mover advantage?

Baolong Technology: Hello, investors, thank you for your attention to Baolong Technology! Our company mainly provides cameras, millimeter-wave radars and their combination solutions in the field of automotive ADAS. The projects that have been mass-produced include 360-degree surround view systems and LDW (lane departure warning system). At present, most of the millimeter-wave radar sensors installed in mid-to-high-end cars in the Chinese market rely on foreign imports. The market is monopolized by German, American and Japanese companies. Domestic independent automotive millimeter-wave radar products are still in their infancy. Baolong Technology has made certain market progress in the field of automotive millimeter-wave radars.