Alex Xu: Okay. I just want to probably add a little bit color on that. So, to your question, really on the , we’re not really particularly tracking their professional, you know kind of categories then they were seeing. So, that’s not the kind of the focus point and then also that’s not the kind of data we can provide in terms of which professional getting better in terms of the improvement, but just like Haisheng mentioned, if you €“ you sort can imagine that, you know for those areas that have been locked down, for example in Shanghai during the March, April, and May period when the lockdown get released there certainly will be a pretty noticeable rebound in demand. So, that’s kind of a driven addition part, driven this recovery in the third quarter. Thank you
Unidentified Analyst: Okay. Thanks a lot. Understood.
Operator: Thank you. Your next question comes from Thomas Chong from Jefferies. Please go ahead.
Thomas Chong: Thanks management for taking my questions. My first question is about the competitive environment, given that the API is trending down for a lot of the Fintech companies, just want to get a sense about how we should think about landscape in the future? And the second question is about comments about the trend in recent quarters. And my third question is about Q4 guidance. Given the pandemic situation just want to get a sense about the high-end and the low end of the guidance and under what scenario should we expect to hit a low end, should we expect the pandemic to worsen from the current situation? Thank you.
Wu Haisheng: First of all, from the points operator since the 429 in last year, with at least for this meeting. More competitive in compliance deals in the future. Secondly, if you look at the I want to point out, number one, the credit market is large market with multiple layers, different players make cross-over across the different layers a little bit. Secondly, this is the last market that we do not see that different players will compete directly head-to-head. There are two factors when we consider ticket-size. Number one factor, considering the macro environment since we took the prudent approach that risk management strategy will not drive up our ticket-size. Second point, as we are continuously upgrading our customer base this year, we are seeing the good customers can bring more value, create longer life time value and larger ticket-size.
As for our outlook for Q4, there are several factors we take into consideration. Number one, there are due to the operation of banking industry. However, as everybody knows there are sufficient China financial system this year, we did not see this factor come into effect this year. Second reason is the macro environment and . This one, we think is the major concern for our guidance.
Alex Xu: Sure. Thomas, I just want to add a little bit to your last question regarding the Q4 guidance. Basically, the guidance reflects our view of the current sort of micro condition. Obviously the Chinese market these days are very dynamic given the COVID-related policy changing or pending changing as well as a reaction by the local authority to those kind of new COVID policies. We heard different kind of messages, some say the €“ some certain local areas are more aggressive to kind of a reopening, where some others still maintain kind of restricted kind of stance there. So, it is kind of a changing dynamic, but based on what we can see today, I think the guidance we provide in the Q4 is within a comfortable level. Then obviously if say for the second half of this quarter, since getting better then we will probably see better performance and vice versa. So, that’s only based on information we get today.
Thomas Chong: Thank you.
Alex Xu: Thank you.
Operator: Thank you very much. There is no more questions. Management, back to you for the conclusion remarks.
