To ensure the attainment of our carbon neutrality and broader ESG (Environmental, Social and Governance) goals, we have set up a three-tier governance structure: a sustainability committee at the board level, a sustainability steering committee responsible for daily coordination and management, and ESG working groups within each Alibaba's business units. At the board level, the sustainability committee holds several important responsibilities: evaluating environmental-related risks and opportunities, holding regular hearings with the management steering committee, reporting regularly to other board members on environment-related matters and providing pertinent recommendations. Committee members will also supervise internal environment-related strategic planning and implementation, review our disclosures on environment-related issues, and provide feedback. At the second level, the environment-related responsibilities of the Sustainability Steering Committee include: establishing and operating an environment and sustainability department. This unit will be responsible for the management of sustainability issues including setting carbon neutrality goals and designing and implementing strategic plan. We have established a carbon management team to handle all emission reduction-related tasks including establishing a comprehensive digital carbon monitoring, measurement, and management system. At the third level, the ESG development group comprises representatives from each business unit. It is responsible for coordinating actions across business units, and for ensuring the effective execution of sustainability strategies. In high-emissions business units, we will also install dedicated carbon management personnel responsible for implementing emission management and decarbonization projects. Externally, we plan to establish a group-level environmental sustainability advisory committee. It will provide expert guidance on technical and environmental impact analysis, on relevant domestic and international policies, on the design of internal and external carbon management mechanisms as well as collaboration on other areas that we hope will achieve 'win-win' environmental and economic advancements. In addition to achieving Alibaba's own carbon neutrality targets, the committee will also help us develop plans of broad ecosystem level carbon neutrality efforts with our partners, especially through sharing our digital technologies and business model innovations. From 2022 onward, we will continue to improve our carbon measurement and management systems, while expanding our monitoring and reporting scopes. In addition, we are committed to making at least one annual disclosure with regard to our carbon emission profile, actions, and milestones, in accordance with domestic and international standards.