After the publication of the first coverage report, we felt their enthusiasm for Mark Digital Technology in our interactions with investors. Here we have some supplementary analysis of Marco's digital technology. There are two main aspects:

1) Some investors have underestimated the country's support for the digital yuan and support for Mark Mathematics. We have conducted further research to clarify policy support for Marco Mathematics;

2) Some investors underestimate and misunderstand the book value of Marco Digital Technology. For this, we have provided a method for adjusting the book value. We believe that the company, as a state-supported digital renminbi fintech company, is currently only 5.8 times the adjusted market account ratio, and there is still a lot of room for growth; in addition to the recent reduction in holdings by old shareholders to promote increased liquidity, it has maintained a target price of HK$330 and a “strong buy” rating.