On September 22, at the semi-annual results meeting, Cyrus Chairman Zhang Xinghai said in response to changes in the company's cooperation model with Huawei that the cross-border cooperation between the two sides was further upgraded to an exclusive franchise model to enhance brand value and sales through multiple dimensions such as exclusive channels, exclusive service teams, and exclusive brand operations. This is also a common practice for high-end luxury brands around the world. The new cooperation model is another innovation based on cross-border integration between the two sides and the continuous strengthening of cooperation. It is a further upgrade of the system and coordination mechanism. It is also a focus on resources and improving the quality and efficiency of channels, which is conducive to promoting high-quality and sustainable development of the community.

On September 22, at the semi-annual results meeting, Cyrus Chairman Zhang Xinghai said in response to changes in the company's cooperation model with Huawei that the cross-border cooperation between the two sides was further upgraded to an exclusive franchise model to enhance brand value and sales through multiple dimensions such as exclusive channels, exclusive service teams, and exclusive brand operations. This is also a common practice for high-end luxury brands around the world. The new cooperation model is another innovation based on cross-border integration between the two sides and the continuous strengthening of cooperation. It is a further upgrade of the system and coordination mechanism. It is also a focus on resources and improving the quality and efficiency of channels, which is conducive to promoting high-quality and sustainable development of the community.