What would be the scale of Fosuns new investment this year in comparison to that of last year? Will there be any change of the investment portfolio?
• We will further increase our investment this year. Our latest investment in Club Med is in line with Fosun’s strategy to invest in areas related to the upgraded consumer demand. As more and more Chinese visiting abroad, their demand, or expectation has been lifted from pure sight-seeing to enjoying quality services. When we invest in Club Med, what we tried to focus on is what Fosun can bring to Club Med, which is essentially the Chinese growth opportunities, as well as our support to help Club Med to attract its huge global client base to its Chinese operations. • We will not set the upper limit for investment amount, but will comply with a conservative and prudent principle. We already have four pre-IPO projects being approved and listed so far this year. We are also reducing some stakes we have in companies listed on A-share market. • As for the investment in Focus Media, we are very optimistic about the outlook of its industry. Outdoor advertisement is a sector with faster growth
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