At today's regular press conference of the Ministry of Commerce, the spokesperson stated that recently, the Ministry of Commerce and six other departments have issued the "Administrative Measures for Strategic Investment by Foreign Investors in Listed Companies", which reduces the threshold for strategic investment, expands investment channels, and will be officially implemented starting from December 2nd. The Ministry of Commerce spokesperson, He Yongqian, stated that the new "measures" allow natural persons from foreign countries to carry out strategic investments. There is a proper relaxation of the overseas asset requirements for foreign investors. For cross-border stock swaps implemented through targeted issuance and tender offer methods, it is now allowed to use shares of overseas non-listed companies as consideration. The ownership percentage requirements for strategic investments implemented through agreement transfer and tender offer methods have been reduced from 10% to 5%. The lock-up period for foreign investors' shareholdings has been adjusted from not less than 3 years to not less than 12 months. If there are new requirements for the lock-up period in the future securities market regulations, they will need to comply with the new regulations.