Alibaba looks forward to deepening exchanges and cooperation in ESG and addressing climate change. The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) "Dialogue on Sustainable Development between Chinese and Foreign Renowned Entrepreneurs" was held in Dubai on December 1st. Alibaba Group's Chief Financial Officer and Chairman of the Sustainable Development Management Committee, Xu Hong, pointed out that Alibaba is still in its early stages in ESG and addressing climate change. We consider COP28 as an important learning opportunity and look forward to deepening communication and cooperation with companies from around the world who share a common vision.