Hello, Secretary Dong! Has your wholly-owned subsidiary Hunan Sanan Semiconductor Co., Ltd. started mass production of 8-inch silicon carbide products? Who are the well-known customers? How is the construction progress of the Chongqing STMicroelectronics project?

Sanan Optoelectronics: The construction of the company's joint venture Anyifa project and wholly-owned subsidiary Chongqing Sanan project are both in an orderly progress. The Anyifa project is expected to complete phased construction and gradually go into production in 2025, reach full production in 2028, and is planned to produce 10,000 8-inch silicon carbide wafers per week after reaching full production. The Chongqing Sanan project is expected to achieve the lighting and connection of the substrate plant by the end of August.