Teacher Meng Yan's question represents some questions from overseas users, so let me share my personal opinion together. Firstly, I have already sent a message to MooMoo's friends, and of course, the official response from them is quite 'official'. Overall, the impact of Futu this time is only related to businesses within China and Chinese users. Moreover, Futu stated that it had already stopped opening accounts for mainland Chinese users in the past, and currently only 13% of the total number of mainland Chinese users. These are all official information, and from my personal perspective, firstly, as the overseas brand and platform system of Futu, Moomoo essentially serves overseas users, including Chinese people who can hold overseas identities. For example, work visas with overseas addresses and permanent residency are all within Moomoo's customer service. But the China Securities Regulatory Commission named Futu Securities International (Hong Kong) Limited and its domestic and foreign related entities this time, not just a single legal person. The official original text used 'domestic and foreign related entities', indicating that regulation does not only target Hong Kong licensed companies themselves, but also penetrates overseas entities and domestic related entities. Therefore, Moomoo is also within the scope of this punishment. But because Moomoo is a purely overseas entity, China cannot force the closure of overseas entities. That is to say, if Moomoo only serves local compliance clients such as Singapore, the United States, Australia, Japan, Malaysia, etc., then this is a locally licensed business, and the China Securities Regulatory Commission will not shut down overseas compliance business. However, if Moomoo is regarded by users in Chinese Mainland as "the alternative entrance after Futu Niuniu is taken off the shelf", there will be a problem. So my personal opinion is that Moomoo will be fined at most this time, but its overseas business will not be shut down.