Jinka Smart said at the performance briefing on April 23 that in March 2024, the large-scale equipment renewal policy issued by the State Council is expected to have a positive impact on the company's future development. The policy focuses on the construction of a new type of urbanization, combined with promoting urban renewal and the renovation of old neighborhoods, focusing on water supply, gas supply, sewage treatment, urban lifeline projects, etc., and promotes renewal and transformation by classification. At present, more than 20 provincial and municipal governments across the country have also issued relevant implementation measures to implement this policy. Many of the key points mentioned in the policy are directly related to the company's business and products. Furthermore, the company said that the company attached great importance to the Chongqing gas incident, actively cooperated with the gas company in carrying out investigation work, and confirmed that it was not a quality issue with the company's products.