Gelonghui, October 22nd - Haier King (301078.SZ) stated in investor relations that the company started the renovation business of children's life halls in 2023. Currently, the company's children's life halls have two types: one is to establish new cognition with users in typical cities, which we usually define as flagship stores; the other is the extension of products and services in the category of medium and large children. The main logic behind this is to seize the opportunity of structural demographics when the overall dividend of users is declining. In the future, on the one hand, the company will accelerate the upgrade of children's life halls and promote according to established goals; on the other hand, more importantly, it will quickly implement the categories of medium and large children in more large stores, continuously enhance user experience, and thereby drive the growth of the company's medium and large children business.