Ning Tang: Let me add to that. It’s really great to meet an old friend and the past few years has been not easy for us and all the stakeholders around, but I feel bad about — I have not been able to produce great returns for some of the people who have trusted us. So, we will continue to double our efforts to do a good job. Yes. I take your advice on making things more eye-catching, so on and we didn’t so highlight the AI initiative because we’ve seen many people just use it as like a market logo, but we hope to really utilize it in our daily work and achieve good better numbers first. But yes, the point is well taken. We’ll be more proactive in terms of communicating. But let me say a few words, I mean, about, our strategy and how to win in the coming years since you’ve mentioned like the stock price and so on.
I mean the domestic lending business is a high growth and profit generating, although it’s not top, top scale, but we are catching up. I believe in a few years’ time, we will be able to largely catch up. But at the same time, we’ve been trying to do a very good job in insurance, which we like. And we’ve built a very good foundation for insurance. I think that will be a key differentiator. Another key growth driver strategy for us is some folks have done some work outside of China with some progress. But we believe after the pandemic, the field is good for us to get in to do a good job outside of Mainland China. And we’ve got started in the Philippines, but more to come. And so, these are the building blocks but we will try and do more, although we have no clear ideas other than utilizing AI as a tool to do the above things better.
But we should have more ideas about how to really build the business.
Unidentified Analyst: Okay. And thanks for that oversight. I mean, literally, your stock should be a lot higher. I just think like a lot of companies from the PRC, they fall below the radar because people in the U.S. become disenchanted with a lot of companies. But yours, it just trades well below your liquid assets. Now you would, in the past, mentioned a share buyback, which would be very accretive and it certainly would be helpful. I noticed that none shares, it looked like, were purchased in the first quarter. You obviously have the money to do so. I mean you could easily buy back $10 million, $20 million or $30 million worth of stock. It would reduce your float, but what do you have to lose because your stock is trapped in the $2 range. So do you expect to buy back any shares if you’re not going to do a dividend this quarter?
Ning Tang: Na, you will take this question? I believe we keep doing share buyback.
Na Mei: Yes. As I mentioned before, we performed our shares pay back from the December last year after the Board approved. And by now, we have used about $3 million to perform share repurchase. And for the…
Unidentified Analyst: Is that $3 million — sorry, Na, did you say $3 million?
Na Mei: By this — by today, we have used about $3 million to perform this, yes. And we’ll keep on our share payback program, yes, because we have approved $20 million amount from our Board approved. So we can use this approved amount step by step, yes. And generally, we’ll keep on our share payback until we use the rest amount, yes. I think we’ll keep on doing this frankly for the rest of this year.
