It can be said with pride that Phoenix is a 100% German invested enterprise, but a 100% Chinese managed company. At the same time, we are truly rooted in China in this industry, and we call ourselves the "most Chinese German enterprise". That is to fully integrate the competitiveness of Germany with the spirit of the Chinese team, whether it is entrepreneurial spirit or the wisdom of employees, ultimately creating unique value for the Chinese industry and customers. It should be said that localization and localization are the most unique pursuits of Phoenix Contact.

Generally speaking, when we talk about intelligence or Industry 4.0 or intelligent manufacturing or Industrial Internet, one of the industries it affects is the C-end industry. The C-end is related to our consumers and each of our families.

In terms of its own transformation or the promotion of this industry, Phoenix Contact has been firmly committed to intelligent transformation in the past five years. Several of the most important aspects of intelligent transformation are to create Phoenix Contact's intelligent strategic promotion alliance, to create an intelligent industrial ecology that connects the industry, university, research and use in China, and to organically combine German Industry 4.0 with Made in China 2025. Then, from the perspective of surpassing Phoenix Contact, we can think about the future of the industry, the future of our Chinese manufacturing industry, and how Phoenix Contact's product competitiveness and understanding of products can help. In this regard, Phoenix has done a lot of work in this area, whether it is grafting standard cooperation between China and Germany, including cooperation between industry, academia, and research in China.