Supported by assets, customers and technical advantages accumulated from our business of distressed asset management and financial services, our asset management and investment business includes asset management, financial investments, international business and other business. It primarily generates commission and fee income, as well as investment income, which enhances the overall profitability and improve the business and income structures of the Group. Our asset management and investment business extends and supplements our distressed asset management business and serves as an important platform for providing our clients with comprehensive arrays of diversified asset management, investment and financing services. Based on the asset management capability, experience and project resources from the operation of distressed assets, as well as the diversified financing channels, customer resources and marketing channels powered by various financial service subsidiaries, we can effectively carry out the third-party asset management business, and continuously explore the asset-light and capital-light profit model while reducing credit and liquidity risks.