Today, the OPPO family numbers more than 40,000 people, and our business spans over 60 countries and regions around the world. The complexity of compliance requirements is increasing sharply with the drastic changes in our markets and the international environment. As a global corporate citizen, comprehensive and systematic compliance management is a fundamental part of OPPO's social responsibility. It is also core to our Benfen values.

We make this undertaking: in every country and region where we operate, OPPO will comply with local laws and market regulations. We will respect local business ethics and the religious or belief ethos. Within the company, we will make continually efforts to manage compliance effectively.

First, OPPO will attain an adequate level of compliance capacity.

This includes expertise in global data protection and privacy, trade compliance, protection of trade secrets, prevention of commercial bribery, and competition law, etc. We aim to lead the industry in compliance, and to this end, we will fully and deeply understand all compliance requirements upon us, and work continually to develop and improve OPPO's compliance program.

Second, OPPO will refine our compliance management program.

We will establish comprehensive program for maintaining compliance operations. We will specify all compliance rules and embed these rules into our business processes and commercial activities. Compliance audits will be used to test and improve our compliance management. Meanwhile, we will build awareness of compliance in our workforce by fostering a culture that emphasizes "I want to be compliant."

Third, we will establish "three lines of defense" for compliance.

By creating dedicated departments and shared platforms for compliance management, OPPO will build "three lines of defense" for compliance risk, comprising business units, professional compliance departments, and audit departments. Compliance management will be the responsibility of all business units, as part of an effective compliance program that covers every part of the company, in which every employee is an active participant.

A good compliance program is the solid foundation on which the company can operate healthily.

On the one hand, Senior management must recognize the importance of compliance and invest resources in compliance on a sustained basis; on the other hand, every OPPO employee should proactively fulfill their compliance obligations, as compliance is a portrait of our Benfen values and a step forward to our vision of a healthy, sustainable company.