Zhongji Innolight discusses 2029 demand and capex trends.

Regarding the question "How do you view demand and capex trends in 2029," Zhongji Innolight stated that customers typically do not provide specific demand guidance two years in advance, but the company can see fairly clearly the customers' technology roadmaps for the next two to three years, including technology trends and solutions in areas such as scale-up and scale-in. The company believes that in the future, application scenarios for computing power, bandwidth, and optical connectivity will continue to expand, requiring higher-end optical interconnect solutions. The company will actively assist customers in continuously developing product solutions; industry customers continue to adopt optical interconnect solutions, the technology iteration roadmap is clear, and there is room for sustained growth.