particular risks in certain countries and regions.
These risks include economic and political instability,
exchange rate fluctuations, capital controls, and
sovereign defaults. Bilateral or multilateral tensions
between certain countries or regions caused by
special circumstances could hinder Huawei’s local
business operations and bring uncertainty to our
local business development. To address these issues,
Huawei requires exceptional risk management and
response capabilities. We will closely monitor any
potential risks or changes in the environment, such
as further developments related to the pandemic
in specific countries, and promptly employ effective
countermeasures to help achieve business objectives.