Starry Sky Chinese Holdings Co., Ltd. We are the largest variety show IP creator and operator in China. We own and operate a huge IP library of Chinese movies, and we are also a Chinese music IP creator and operator. We have built an ecosystem with rich IP resources, and we can use our original and entertainment content to attract viewers. While bringing joy to people's daily lives, we have accumulated an audience and built a solid foundation for our diversified IP-related business. We have a number of popular variety show IPs with a diverse range of genres, including music shows, dance variety shows, talent variety shows, talk shows, outdoor/cultural variety shows, and other variety shows. According to the Frost & Sullivan report, we are one of the few companies that can create and operate variety show IP in all major program genres. We believe that entertainment content should touch on hot topics, touch people's livelihood, and touch the depths of the heart, which enables us to produce variety shows that are both entertaining and full of positive energy. Our variety shows reflect the contemporary social and cultural environment, and the content is authentic and resonates with a wide audience. We adhere to the highest operating standards and are committed to building a team founded on operational excellence and social responsibility. We believe that our industry expertise and leading position in creating entertainment IP, combined with the rapid development of the Chinese and global entertainment industry, will enable us to play a key role in the entertainment industry value chain. We are unswervingly committed to continuously creating entertainment content, and strive to create trendy and international entertainment IP centered on the younger generation. We are also expanding the business footprint of various IP-related businesses to further develop our entertainment IP ecosystem and continue to lead the market.