Under the current domestic macro environment with reasonable liquidity, Everbright Water fully grasped the window period and carried out the issuance of the Third Tranche SCPs. Such issuance will replenish the Company's liquidity at a low financing cost. With its relevant experience in the issuance of the first three tranches of SCPs, the Group will be able to seize an appropriate window period to issue the remaining SCPs, thereby providing an effective capital support for the future development of the Company.