Q5 As China continues to pursue high-quality development along a Chinese path to modernization, what opportunities do you anticipate for your business as this process gains more traction? Will you increase investment in China in the coming years? How will you further expand your footprint in China?

MA: Upholding our "In China, For China" philosophy, Nissan remains firmly committed to the China market. We are increasing investment and developing partnerships with local collaborators.

Through our robust partnership with Dongfeng Motor over the past 22 years, we have consistently upheld our commitment to quality, performance, technical capabilities and customer service to meet the diverse needs of Chinese customers. Since 2023, we have emphasized leveraging "China assets, China speed and China standards" to accelerate the shift toward electrification and smart technologies. In 2024, Dongfeng Nissan announced plans to invest over 10 billion yuan in NEV R&D across a three-year period, and expand the technical center to 4,000 employees.

We continue integrating our global resources to accelerate the transition to electrification and intelligence, while offering a balanced product lineup to meet the diverse needs of Chinese consumers.

YIN: China's vast market, robust industrial foundation and abundant innovation resources endow the country with tremendous development potential. Meanwhile, China is continuously expanding its openness, optimizing its business environment and increasing its support for foreign investment. All these factors are empowering us to further develop in China.

The new quality productive forces provide stronger impetus for China's industrial transformation and upgrading. Whether in green energy transformation, new industrialization, or the development of industrial services, the digitalization and green requirements raised by the new quality productive forces offer a broader development space for Schneider Electric.

AN: We recognize China's strong commitment to high-quality development and Henkel has greatly benefited from the rapid growth of key sectors such as automotive, consumer goods and electronics. As a result, we have continuously strengthened our presence in China, increasing investments in innovation, production and supply chain capabilities to enhance our end-to-end operations across both consumer and industrial businesses. In the years ahead, we will further advance our efforts in innovation and sustainability, deepen collaboration with local partners and explore cutting-edge solutions to meet evolving market demands, contributing to long-term, high-quality growth.

CHEN: As China advances high-quality development and modernization, Unilever sees vast opportunities to deepen our commitment. Currently serving nearly 80 percent of urban households, we will further expand our footprint by leveraging China's robust R&D ecosystem to drive innovation and offer high-quality products that enrich daily life.

We will continue advancing digital transformation, green low-carbon innovation and sustainable growth, while refining our portfolio to address evolving consumer demands. Guided by our strategy, we invest in social channels and introduce new offerings backed by science and technology to meet local market needs.

Moving forward, Unilever remains committed to investing, innovating and collaborating with consumers, partners and stakeholders to contribute to China's dynamic and sustainable future.