The Company competes with its competitors within the framework of ethics, professionalism, transparency and under the rule of law. It does not fraudulently obtain any confidential information or trade secrets of its competitors and always adheres to the policy and treatments of trade competitors which outlined in its Code of Conducts. Furthermore, the Company also views its competitors as its trade allies, and provides the opportunity for them to visit and observe Company’s operations including the IT system to establish good relationship. Over the past year, the Company was not involved in any dispute with its competitors.