So, this really services are valuable reference point. AI in this context, honestly, it is not only, it not only operates independently, but also contributes to the development of lots of existing businesses. So, we’re really actively engaging the product design, operational improvements. And we’re taking in a lot of user feedback from both internal employees, and as well as our customers from across the market, and we’ll be continuously on that journey, pushing it forward. I hope that answers your question.
Felix Liu: Thank you, and congratulations again, on the results. Thank you.
Operator: Thank you, Felix. Our next question comes from the line of Caini Wang from CICC. Please ask your question, Caini.
Caini Wang: Hi, Alex, Jackson. So congrats on the strong results again. And my question is regarding the cash and balance. We can see that our main business is really going well and we are accumulating more cash on our balance. So I’m just wondering what is our plan our buyback plans or any other cash terms. Thank you.
Jackson Ding: Caini, thanks for the question. And this is Jackson, I’ll take this one. Maybe on the adjusted buyback plan part first. And I think I may have mentioned this earlier, under the current share repurchase — current extended share repurchase program, we have repurchased approximately 13.4 million common shares at an aggregate consideration of approximately US$233.6 million. And as well as this fiscal quarter three, we did not make any additional repurchases. Now, if we take a step back and look at broadly how we think about use of cash, we take pretty comprehensive considerations of both short term and long-term investor — long term shareholder returns when we think about the use of cash. There are multiple potential uses of cash in the future, including investing into a core business, our learning services and others business, our content solution businesses, business or other, also developing new initiatives, as well as generating shareholder returns.
I hope that answers your question, Caini.
Caini Wang: Yes, thank you, Jackson. That’s very helpful.
Operator: Thank you, Caini. Our next question comes from the line of Yiwen Zhang from China Renaissance. Please go ahead, Yiwen.
Yiwen Zhang: Hi, Alex, thanks for taking my question. First, congrats on another strong quarter. So you point out in your remarks, you mentioned that the new products of the online enrichment, any business you’re launching this year. So can you discuss a while that is progress there? Thank you.
Jackson Ding: Yiwen, this is Jackson. I’ll take this one. Yes, so as we talked about earlier, the online enrichment space is an involving Netscape. And there have been observable user behavior developments and preferences in the last couple of years. So as a result, we have been observing such developments and acting on innovating our product roadmaps, and our service delivery models. When we think about these new products, we aim to deliver innovative and interactive online learning experiences through such new products. And we’re focused on delivering products that create user value and societal benefits. So, we’ll continue to explore our handling on these products. And we’ll continue to observe how our customer practices develop over time. I hope that answers your question, Yiwen.
Yiwen Zhang: Yes. Thank you, Jackson.
Operator: Thank you, Yiwen. So we have reached the end of the question-and-answer session, I’ll now turn the conference back to the management team for closing comments.
Jackson Ding: Yes, thanks again, everyone for joining the call today. As we approach Chinese New Year, just wish everybody, a Happy New Year of the Dragon and we’ll see you next quarter. Bye-bye.
Operator: Thank you. That concludes today’s conference call. Thank you for participating. You may now disconnect.
