Thank you very much, Mr. Chair.
I'll double-check something with you, Ms. Leung, if I may. My impression in listening to you is that your economic model is very much a sustaining and profitable model. You obviously must have contracts with municipalities, but I don't get the sense you are in any way operating on the basis of any government subsidy, or as some like to call it, government “investment”.
Am I right in that assessment?