A1 China's high-level opening-up efforts have created a very favorable investment environment and business opportunities for Honeywell. In December, Honeywell Building Technologies business group launched its new innovation center in Xixian New Area of Xi'an, Shaanxi province.

We expect that China will continue the policy support to ensure the stability of foreign trade and investment. These measures will provide a stable environment for foreign enterprises' operation and development in China and facilitate their local technological innovation.

A2 Honeywell is optimistic about China's economic growth and we believe that China has the conditions and capabilities to maintain the positive momentum during the new stage of high-quality development.

With our core business perfectly aligned with the development trends of China's market, such as digitalization and sustainability, Honeywell is well-positioned to participate in China's high-quality development by working together with local partners.

A3 Our growth in China continues to be robust with a strong market position. China has developed into Honeywell's second-largest single market and the company's largest growth market. We are optimistic about China's economic growth and believe the importance of the Chinese market will further grow.

With China opening further to the outside world, Honeywell will continue to enhance local R&D and production capabilities and bring technologies and products developed in China to overseas markets.

A4 Honeywell has been doing business in China for more than 80 years and has been committed to working closely with Chinese partners to create a healthier, safer, smarter and more efficient sustainable future. We also deepened local partnerships by signing more than 20 business agreements with Chinese partners during the fourth CIIE in 2021.

A5 Honeywell is confident of our business prospects in China and has been continuously expanding investment and growing with our local partners.

In particular, Honeywell is uniquely positioned to shape a sustainable future in China together with our local partners. In February, Honeywell and Oriental Energy Company Ltd jointly announced that a sustainable aviation fuel production facility with an annual output capacity of 1 million tons would be built in Maoming, Guangdong province. It is expected to be the world's largest SAF production facility with used cooking oils and animal fats as feedstock, enabling greenhouse gas emission reductions in China's aviation industry.