Since more than 20 years ago, we have included sustainability into all aspect of our business operations, which stems from our core value that "through sport, we have the power to change lives." In order to demonstrate our commitment, we have further intensified our sustainability efforts in 2021 and developed a plan for 2025 and beyond that enables us to both generate and promote good effect. We will keep pushing the boundaries of sustainability as we grow our circular services, transition to a full consumer-facing sustainable article offering at scale, and strive to become carbon neutral (GHG) throughout our whole value chain.