Or is there a threat really that as you’re too small to list in Hong Kong? I mean, there must be many small companies in your other exchanges on the Mainland. Or would you sell out to a larger entity that trades at 10x earnings? I mean, you’re trading at 1x. So you could sell out if that was the only alternative at many times your current value, and it would be accretive to any borrower — I’m sorry, any buyer. I mean, are these options you’ve considered? Because there’s been many small companies that have gone private, generally by the founder and at a premium because they went public 10 years ago at like $10. And now they’re $1, I mean, what a great transaction. You raised money at $10 and you buy yourself back at a fraction of that, even though you’ve grown five or tenfold.
So, I guess if you could just address a little more about the risks of delisting, what recourse outside of going private is there.
Operator: Just one moment, please. We’ve lost the speaker location. I’ll need to reconnect them. Just one moment, please. Thank you. This is the operator. I have reconnected the speaker location. Mr. Larson, if you wanted to continue your question or I think you’d finished your question.
Unidentified Analyst: Well, I don’t know if they heard — did they hear the whole question?
Frank Fuya Zheng: Yes, I did. Yes, I did.
Unidentified Analyst: Okay. It was a long question.
Frank Fuya Zheng: No, no. I know. First of all, we believe the chances our — to be delisting, this is very small because we always manage our business and even manage our book very responsibly. We do not afraid any audit work or to be checked by anyone. So that chances, first of all, it’s very low. And 100% our effort is, I think, is continue to do what we do, and I think we will be keep listing in the U.S. And for the stock price, if it’s — as far as I know, the delisting required is about $15 million. I think — I fully believe we will not trade below that threshold and because of increase the value of our business, of our company. So once again, we do not believe the chance of delistings, any have — it’s just not real.
We’re not doing that, okay? So and talk about what-if contingency, that is just not our focus. And we are — our focus is running our business the best we know how. And I don’t believe that the listing is the very imminent issue for us for the next year or so. I just don’t believe that, okay? That’s the best way I can answer your question.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Victoria Yu for any closing remarks.
Unidentified Company Representative: Okay. Thank you. Thank you, everyone, for joining us on the call today. If you haven’t got a chance to raise your questions, we will be pleased to answer them through follow-up contacts. We look forward to speaking with you again in the near future. Thank you.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
