A1 The annual CIIE demonstrates the continuous efforts and long-lasting determination of the Chinese government to further open up and build a benign business environment, which greatly strengthens our confidence in further growth in China.

In 2022, through the CIIE platform, Schneider Electric expects to show our leading digital technologies, advanced software portfolio and comprehensive services. Joining hands with Chinese partners, we are committed to accelerating the digitalization and decarbonization transformation of industries in China and marching forward on the way to a green future together.

A2 The CIIE has become a prestige platform for communication and mutual benefits for enterprises and organizations from all over the world, and it provides strong motivation for global economic recovery. In the past five years, Schneider Electric has been greatly impressed with the rapid upgrades of the Chinese market and the continuous optimization of the innovation environment, with the CIIE as one of the strongest testimonials. All these factors have enabled us to plant deep roots in China with stronger confidence and momentum.

A3 China's rapid economic development and opening-up have been powering the global economy. Meanwhile, with the rapid development of its innovation and technology, more and more "Chinese wisdom" is exported to the global market and exerting influence in the world, which strengthens enterprises operating in China to compete globally. China has already become the source of innovation for Schneider Electric. Our Chinese R&D engineers have increased by 30 percent in the past three years, more than 50 percent of which focus on digital R&D.

A4 To achieve the dual carbon goals and keep improving production efficiency at the same time, Chinese industries are undergoing a dual transformation toward digitalization and sustainability, which has raised the emerging need for innovative, green and digital solutions, and has brought numerous opportunities for Schneider Electric to further grow in China. Schneider Electric has also been practicing sustainability for decades with our own technologies and has gained rich experience to empower other enterprises and organizations.

A5 China has continued to expand opening-up, build up a benign business environment, increase the protection of intellectual property rights and foster innovation in recent years, which has strengthened our confidence in long-term development. In particular, China's 14th Five-Year Plan (2021-25) and the Long-Range Objectives through the Year 2035 all highlight further opening-up for win-win cooperation, which has provided a fertile ground for Schneider Electric to continue to invest in China.