The announcement a few days ago that ABCDE would cease new investments and phase two fundraising has sparked a lot of discussion and speculation. Here are a few more points to respond to: 1. There is no shortage of funds: ABCDE's main funds are from Huobi series, accounting for 80%, including several Huobi co founders and core executives. And I personally promise that for any fund, my personal contribution ratio will not be less than 30%. Fundraising is the easiest thing for us. 2. Return rate: ABCDE has won multiple high-quality projects in its first phase, with early investment and low valuations. Both IRR and DPI are currently among the top in the industry. 3. Post investment management: Whether it's our responsibility to the LP or our support for the invested project, we will continue to invest resources and energy. I personally will continue to use my own funds and network to accompany excellent entrepreneurs. Vernal (recruitment) has changed its pace, returning to a long-term approach, walking more steadily, and also looking forward to going further.