Yu Zhengjun said Baidu, a member of iqiyi’s parent company, had not participated in an independent investigation. Hiring independent external consultants is the best way to quell the charges. James Lee, analyst of Mizuho Securities: will Baidu management participate in the investigation of iqiyi by the US Securities Regulatory Commission? What kind of internal investigation will the company carry out to cooperate? < p > < p > Yu Zhengjun: with regard to iqiyi, baidu adopts a zero tolerance attitude towards fraud. After the issuance of relevant reports by short sellers, we believe that it is very important to listen to the opinions of independent investigators. The audit committee of iqiyi urgently intervenes, requires the initiation of self-examination procedures, and employs independent external consultants. These measures are the body of good corporate governance Now, to win the trust of investigators, this verification process is very important. As a member of iqiyi’s parent company, we did not participate in the independent investigation, so I can’t comment on the relevant situation, but I can talk about the general investigation procedure. In addition to reading short sellers’ reports, independent external consultants also investigate financial figures, which can take a long time. < / P > < p > after the SEC intervenes, it will also ask the independent external consultant questions, so the independent external consultant will conduct additional investigation procedures. Before the outbreak, similar investigation takes months to more than a year. Due to the impact of the epidemic, the investigation process of iqiyi report should be longer. We have highly qualified independent external consultants to conduct the investigation. If there is evidence that a company has engaged in fraud and the financial data is not credible, then the audit committee of the company will withdraw from the investigation. In short, hiring independent external consultants is the best way to quell the accusations. Baidu will take measures to ensure good corporate governance and ensure the interests of all parties. Only in this way can we better develop and utilize the capital market. I hope I answered your question.