Shanghe considers ESG issues as important factors in the investment process. Every staff is encouraged to take ESG issues into consideration when working on private equity investment. Investment managers should evaluate the compliance, industry, governace practices, and other facts of the company. Operational staffs need monitor portfolios closely to find hidden ESG risks. Meanwhile, Shanghe has promoted engagement with our portfolio companies in ESG issues. For the ESG risks we discover, we will give suggestions to our portfolios. And we encourage the portfolio companies to take ESG issues into consideration in conducting their affairs.