Guo Guangchang, Chairman of FOSUN INTL, stated at the "8th World Zhejiang Business Shanghai Forum and 2024 Shanghai Zhejiang Chamber of Commerce Annual Meeting" that FOSUN primarily focused on streamlining and retreating over the past two years, but this year emphasizes both advancements and retreats to solve issues through development. "Regarding retreats, we are exiting non-core and non-main business assets and heavy assets. On one hand, this is to continue reducing debt and achieve an 'investment grade' rating; more importantly, it is about adjusting the asset structure. We propose to transition to light asset operations. FOSUN's past accumulation has formed asset operation capabilities. In the future, we will rely on our skills and collaborate with state-owned enterprises and insurance companies to assist them in operating and managing heavy assets. On the advancement side, we must resolutely focus on our main business and the industries where we have already formed advantages. This year, FOSUN announced two privatization plans, one for HENLIUS and the other for FOSUN Tourism and Culture. The pharmaceutical and tourism sectors are industries where we have established advantages. We hope that after privatization, we can accelerate development more flexibly in the future." (Rui Jian)