As the years change and new chapters unfold, the entire New Gonow team has once again completed a year of fruitful endeavors. On this beautiful occasion of bidding farewell to the old and ushering in the new, I, on behalf of the Group, extend the sincerest greetings and blessings to all New Gonow employees! My heartfelt thanks and respect also go to all leaders at different levels and partners from all walks of life who have shown concern for New Gonow!

Looking back at 2024, it was a year filled with challenges and endeavors. Facing the severe test of the global economic downturn, all New Gonow members did not fear or retreat but chose to gather strength and forge ahead with great effort.

In the RV sector, we demonstrated strong market competitiveness. In the face of fierce competition and intensifying domestic market内卷, we promptly adjusted our strategies and optimized our product layout. By firmly stepping onto the international stage, we won widespread international acclaim. Furthermore, New Gonow RV is fully sprinting towards its listing on the Hong Kong Stock Exchange, soon to embrace the dawn of victory. This represents a significant milestone in the development of New Gonow RV, marking a new level of our comprehensive strength.

In the field of new energy commercial vehicles, we successfully transitioned from a manufacturer to a service provider, incubating Bingying Huodi as a new growth pole. Leveraging the strong resource advantages of the automaker and a comprehensive "full value chain" service system, Bingying Huodi rapidly emerged as a dark horse in the industry. Meanwhile, we actively expanded overseas markets, successfully obtained EU certification, and delivered bulk export orders, laying a solid foundation for the international development of New Gonow Automobiles.

Various functional sectors within the Group also actively responded to the strategic development needs of the company, quickly and flexibly adjusting the organizational structure, optimizing management processes, and improving operational efficiency, providing a strong guarantee for the Group's steady progress. However, while achieving these accomplishments, we are also acutely aware of the existing issues and challenges, such as the need to continue seeking the dawn of the industry's spring, strengthen product and service innovation, and further deepen and expand our international development strategy.

Facing an uncertain economic situation and a complex industry landscape, the New Gonow team has always maintained an optimistic attitude and relentless fighting spirit. We firmly believe that amidst the ups and downs of the industry cycle, only by adhering to our core principles and staying firm can we navigate through the cycle and win the future.

Looking ahead to 2025, we will continue to focus on advantageous resources, intensify our efforts to go overseas, and firmly set our sights on the broader international market. To this end, all New Gonow members must strengthen our internal capabilities, advance courageously, and resonate with the pulse of the times. We will unwaveringly prioritize the creation of excellent products, adhere to the product-centric approach, vigorously promote technological innovation, and continuously optimize processes to enhance efficiency. At the same time, we will examine the development of the industry from a long-term perspective, remain calm, accumulate potential energy, and dare to break through, striving to lead the way amidst the tumultuous market waves.

As creators of a better lifestyle, we will deeply perceive the trends of the times, rely on our own advantages, firmly advance our internationalization steps, and stand tall at the forefront of the times as outstanding representatives of Made in China. With a more open mindset, we will embrace the world, deeply integrate into the global industrial chain, value chain, and innovation system, creating greater value for customers, employees, investors, and society.

Cultivate our inner strengths, navigate through cycles; embrace enthusiasm and move towards the light. Let us move forward together and jointly welcome the dawn of 2025, creating a brilliant new year.

Finally, I wish everyone a Happy New Year, good health, a happy family, and all the best!