Hikvision announced that its wholly-owned subsidiaries and holding subsidiaries have terminated five PPP project contracts signed with the governments of Urumqi High-tech Zone, Moyu County, Pishan County, Yutian County and Lop County. These projects were completed in 2018 and entered the maintenance period. The termination of the contract was carried out in accordance with the contract agreement and after consultation between the two parties. The relevant project companies will carry out the cleanup of existing debts and liabilities, but will no longer carry out other businesses. The company stated that the termination of the contract will not harm the interests of the company and all shareholders, and will not have a significant impact on the company's operating results and financial condition.