The bidding value in October exceeded our previous expectations, achieving 16% YoY growth, which we believe was driven by the continued rollout of trade-in programs. However, due to the impact of the National Day holiday, the bidding value declined -1% MoM compared with September. Looking ahead to November, we remain cautious, as the comparison base from last year is relatively high, and both the number and total value of trade-in programs in 2025 are lower than in 2024. Previously, United Imaging also expe ...