Regarding SenseTime's announcement today that it plans to place 1.865 billion shares to raise HK$2.787 billion, the reporter learned that a number of internationally renowned funds, long-term funds and existing shareholders participated. The funds raised will be used to support the company's core business development, including building an industry AI cloud, increasing the scale of SenseTime's large-scale facilities, supporting generative artificial intelligence, including large-model research and product development, as well as the company's general operating funds.