Corelink Integration: Tariff policies have a relatively positive impact on sales operations. Overseas export business remains stable and even growing.

Zhao Qi, Chairman of Xinlian Integrated, stated in today's investor conference call that the company has been continuously promoting the diversification of production equipment and materials for the past several years. Currently, the company does not rely on equipment and raw materials imported from the United States, so the impact of import tariffs on the company's operating costs can be negligible. In terms of business exports, the preliminary observation is that the tariff policy has a relatively positive impact on the company's sales business. On one hand, due to the fact that products delivered to overseas customers in the field of consumer electronics are located in China or Southeast Asia, related overseas customer orders maintain stable supply; on the other hand, the strategy of overseas manufacturers "China for China" is further deepened under the tariff policy, driving the growth of production and supply in China, leading to stable or even increased orders from overseas customers. In addition, the localization process of domestic end customers has been accelerated under the Sino-US tariff policy, which has a relatively positive impact on the company's business. However, Zhao Qi also mentioned that the overall demand for future terminal manufacturers under the tariff policy, and whether it will indirectly affect the company's business sales, is still under further observation.