How does Fosun view the conglomerate discount?
Fosun has been continuously strengthening management capability to add value at the holding level. We have enough evidence to show that our management teams at the holding level have created values for our invested companies via investment, management optimization and talents recruitment and development. We are confident that the market will recognize the value of management teams of Fosun and will give a premium to the management teams at the holding level. Secondly, Fosun will improve transparency by pushing forward invested companies to go public, while reducing volume of connected transactions. Thirdly, Fosun will give investors clear information on what the asset portfolio will be in the future. We believe by doing these things, a premium rather than a discount will be given to Fosun.
