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At present, UPS's investment strategy in mainland China is undergoing a transformation from large-scale and networked to refined, which deeply reflects the precise grasp of customer demand, dynamics of Chinese importers and exporters, and changes in industry trends. We not only expand our ground service network to second - and third tier cities such as Zhongshan and Zhuhai in southern China, as well as Xi'an, Chongqing, Chengdu and other cities in central China, but also pay special attention to providing more detailed services in key markets such as Yiwu to ensure that our products can quickly reach global consumers. "Jiang Qian added that UPS continues to optimize and increase investment in its aviation network layout. In February of this year, the newly opened Paris Hong Kong air route operates five times a week, greatly facilitating the import of products from Europe into the southern Chinese market through Hong Kong. Subsequently, in September of this year, direct flights from Shenzhen Bao'an Airport to Sydney were increased to five flights per week, with a capacity increase of more than four times, providing strong support for domestic exporters to explore the Australian and New Zealand markets faster. In addition, in response to the popularity of the Vietnamese market, UPS upgraded its Hanoi to Shenzhen route in September and connected it globally. By investing in larger capacity cargo planes, the weekly cargo capacity of the route doubled to 570 tons, allowing Vietnamese factories to also enjoy the advantages brought by UPS's Shenzhen Bao'an Airport UPS Asia Pacific Transfer Center, which has been in operation since 2010. Many Vietnamese manufacturers have benefited from this and formed a good industrial linkage with Chinese enterprises.

We have observed that many Chinese companies have demonstrated extraordinary resilience, especially small and medium-sized enterprises, who are brave enough to explore and innovate. When faced with challenges in actual transactions, these companies have not chosen to back down, but actively seek alternative solutions and continue to deepen their cultivation in the field of international trade. As a global logistics and supply chain solution provider, UPS also deeply feels the spirit of hard work and unlimited potential of Chinese companies. Therefore, with great enthusiasm and sincerity, UPS is very willing to work together with these dynamic Chinese enterprises to explore a broader international market space, create more opportunities for the development of both sides, and achieve a beautiful vision of mutual benefit and win-win. ”Jiang Qian said.