In Q2 2020，Total revenue was RMB53.5 billion,up 3.1% YoY Net income was RMB4.5 billion Adjusted net profit1 was RMB3.4 billion， up 46.6% QoQ.Overseas smartphone activation2 has surpassed the pre-pandemic level In overseas markets (excluding India), smartphone activation2 has achieved 1 20% of the pre- pandemic level In India, smartphone activation2 has achieved 72% of the pre- pandemic level.In Q2 2020,Smartphone revenue reached RMB31.6 billion, up 4.3% QoQ Smartphone shipments reached 28.3 million units.Driven by 5G and premium smartphone rollouts, our smartphone ASP recorded 11.8% YoY and 7.5% QoQ growth in Q2 2020.In Q2 2020 loT and lifestyle products revenue reached RMB1 5.3 billion, up 2.1% YoY and 1 7.5% QoQ.Increase smartphone retention: higher retention rate for smartphone users with connected loT devices Increase cross selling: for loT users as of June 30, 2019, the average number of connected devices increased by over 25% in the subsequent 12 months.Entering premium TV markets with Mi TV LUX 65" OLED and Mi TV LUX Transparent Edition, the world's first mass -produced transparent TV Global smart TV shipments in Q2 2020 reached ~2.8 million units, up 1.7% despite a decline in global TV market Ranked No.1 in mainland China for 6 consecutive quarters1.In Q2 2020 Internet services revenue reached RMB5.9 billion, up 29.0% YoY Advertising was up 23.2% YoY Online games was up 54.5% YoY Other internet value- added services was up 27.0% YoY.Global MIUI MAU1 reached 343.5 million, an increase of 23.3% YoY Mainland China MIUI MAU1 in Q2 2020 was 1 09.7 million TV MAU2 grew 41.8% YoY to 32.0 million.Advertising revenue increased 23.2% YoY and 1 5.6% QoQ in Q2 2020, mainly driven by: the rapid growth of overseas internet advertising revenue gradual recovery of advertising budget.In Q2 2020, 39.0% of internet services revenue was from internet services outside of advertising and gaming from mainland China smartphones, up 39.5% YoY.Despite the impact of the pandemic, overseas revenue reached RMB24.0 billion in Q22020, up 10.0% YoY, contributing to 44.9% of total revenue.Operating expense ratio increased due to 1) continuous investment in R&D and brand building and 2) lower operating leverage due to the pandemic R&D expenses increased 25.8% YoY in Q2 2020.