Tianfu Communications maintains its momentum in delivering 1.6T optical engine products, while also reporting smooth progress in the development of CPO-related products. While these CPO offerings contribute minimally to short-term revenue, they signify a promising future trajectory. The company has successfully commissioned Phase I of its production base in Thailand, with Phase II nearing completion of debugging. Tianfu boasts a diverse customer base, with expectations that active products will contribute more than 50% of total revenue in 2024. Furthermore, the company plans to expand its reach to an even broader spectrum of clients.