Now, my only thing is could you talk with Mr. Ning Tang for a 5% dividend? The last caller said that it would decrease your cash not even by 4% or 5% for a 10% dividend, but a 5% dividend would decrease it by 2%. It’s just a confidence thing. Do a symbolic dividend. I understand you want to continue growing 40% and it’s better for you to reinvest in the business – I clearly agree, but you could consider, if you want–and my question is, would you consider a smaller dividend just for the sake of pleasing or becoming into the eyes of investors?
Ning Tang: Thank you, and this is Ning Tang speaking. Yes, frankly I didn’t quite catch the first part of your remarks due to line quality, but it sounded like you expressed comfort about the business – thank you. The second part of I got, and again about a dividend, a point to take in, and we will surely consider all remarks, suggestions, ideas from shareholders and also interested parties. Please believe we–
Andre Julian Hudu: I’m a long-term shareholder, by the way, I think not as long as the person from Morgan Stanley, but some [indiscernible] of the company. Anyways, my question–actually my statement, I want to say I think there are many new investors here, or actually if you would look at competitive or similar companies in the fintech area, [indiscernible] so giantech [ph], a fintech company, it increased three times, so 200% growth in the stock price after in March 29 of last year it issued a dividend, which is 16% dividend for the year for 2023, so it increased 15% for the current stock price, by the way–for the old stock price, sorry, currently it’s more–no, for the current stock price, 15%, so the idea is that they issued a dividend in 29 March last year, so same period as today, let’s say, and stock price increased two times–sorry, three times, so 200%, three times from $2 to $7 after they issued the dividend, the news of the dividend, so that’s the impact that a dividend can do.
Today in the pre-market Lufax, LX on NASDAQ, I think, it increased 45% in the free pre-market because they issued a dividend, and these are companies which have less cash and they are generating less cash than you are generating, and you could do just a symbolic one. They are bringing less cash but they have quite high dividends, not sustainable for some but whatever, but–not my comment to say. But your company is the best financially and it has $800 million in cash, which increased $240 million in cash from last year in December 2022, so in Q4–from Q4 to Q4, year-on-year you increased $240 million your cash, and also your book value increased $210 million, if you take total assets minus total liabilities, so your company is trading below cash and it’s growing at 40%, and yes, a dividend would bring confidence.
Again, your company does–they increased wildly after dividends, three times.
Ning Tang: Clear, we got the point. Thank you.
Andre Julian Hudu: Thank you very much also, and have a wonderful day.
Operator: Thank you. There are no further questions at this time. If you do have further questions after the call, please direct them to our Investor Relations team. That does conclude our conference for today. Thank you for participating. You may now disconnect.
