We are a leader in building character toys in China. Through more than 500 patented layouts, original IP capabilities, and partnerships with about 50 well-known IPs, we have focused on providing consumers with a wide range of high-quality and inexpensive character toy products, and have achieved rapid growth. Our character building toys highly restore the charm of IP characters. Through the combination of strong product strength and supply chain capabilities, we can not only maintain our cost advantage, but also continue to develop toy categories. We have established a multi-channel sales network in China, which has formed a comprehensive and wide-ranging consumer reach. As we began to launch building character toys in 2022, we switched to offline sales channels centered on dealers.