Unidentified Analyst : Just — sorry, I didn’t mean to interrupt. Just to be clear, looking at your 20-F, you did have a previous USD 20 million buyback program authorized and in place. And yet you didn’t utilize that during the year, and you canceled that and then put a new USD 20 million to replace it. Why was — why did you do it that way? Why didn’t you just utilize the existing repurchase program that was — had already been authorized?
Mei Na: Yes. I also mentioned we renew our new repurchase line in September. That’s because the old plan we announced many years ago and during the last several years, we have executed our purchase plan and there is a little left so and as because we have a shareholder hope that we need to renew a new purchase line amount to $20 million. And so that we can renew one because the last one is the little left. Yes, it was many years ago we announced it.
Unidentified Analyst : Right. I think what people are looking for is to see if you actually follow through with the repurchase. So I would urge you to do that. And that’s it’s important to show investors around the world that you also feel that the shares are undervalued and that you’re going to be in there supporting the ADS, which seemed to be extremely undervalued even in a sector that is generally undervalued. And I guess this question is also for the larger shareholders who are on the call. Have you considered taking this company private given the dramatic difference in what this company should be valued at and what it is trading at right now.
Ning Tang : We have no such intention at this moment. Because is our strategy, yes. And this offshore listing position helps a lot with our global strategy.
Unidentified Analyst : I see. Would you consider going in and purchasing more shares at this level yourself individually?
Ning Tang : You’re talking about me?
Unidentified Analyst : Yes, you.
Ning Tang : The program is there and it’s not finished. As you pointed out, we will, yes, push forward with that program.
Unidentified Analyst : Right. I understand. But a lot of, what can also be done in addition to that is if large insiders at the company are going in and purchasing stock themselves for their own accounts. And again, just another way of — .
Ning Tang : Yes, the stock, the floating part is not that big. So while we totally agree that, yes, share buyback is very helpful, we are also mindful that the flow is not that big. If we buy back all the shares, then it is delisted.
Operator: There are no further questions at this time. If you have any further questions, you can feel free to contact the company’s IR team. That does also conclude our conference for today. Thank you for participating. You may now disconnect.
Ning Tang : Thank you, all.
