We are delighted to share that Dayone Capital has been ranked for the second consecutive year among the "TOP10 Investment Institutions in Consumer" of "China Venture Capital & Private Equity Annual Ranking 2023" released by Zero2IPO Group. The ranking has been recognized as one of China's most influential rankings for the VC/PE industry and has become a performance barometer for investment institutions and an authoritative reference for fundraising and investment. The recognition has been inspiring for our team as consumer has always been a focus of our investment strategy and we maintain prudentially optimistic about China Consumer in the long run. In the consumer industry, we invest in challengers in large and "healthy" verticals, hidden champions in midsize high-margin verticals, and emerging leaders in innovative consumer categories. Combining strong entrepreneurial DNA, a deep understanding of the consumer and green-tech ecosystem as well as operational expertise, Dayone Capital is well-positioned to create long-term value for entrepreneurs over the decades to come.