We hosted an investor call with Wanye Enterprises during our Technology Corporate Day. Mgmt. was optimistic on booming demand from domestic semiconductor equipment driven by localization and domestic foundries’ rapid capacity expansion. Its subsidiary, Kaishitong, is a domestic ion implanter leader with major focus on low-energy large beam ion implanter and high-energy ion implanter, and mgmt. expected strong order visibility in 2023. Mgmt. believed the company will leverage its leading technology, R&D expertise and “1+N” product platform to drive future growth.