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recently, when receiving an institutional survey, transsion holdings responded to inquiries related to "the progress of patent licensing negotiations with qualcomm" and stated that transsion respects the intellectual property rights of third parties and is willing to follow the principles of fairness, reasonableness and non-discrimination and negotiate with qualcomm through friendly negotiations. the patentee reaches an intellectual property licensing agreement. transsion will continue to carry out patent negotiations, and while respecting the intellectual property rights of others, promote the determination of reasonable licensing fees within the framework of the principles of fairness, reasonableness and non-discrimination, in order to achieve a win-win situation in the industry chain including patentees and licensees. , to better meet the needs of consumers in emerging markets.

in the past few years, while transsion holdings has maintained its leading position in africa, its overall competitiveness and market share in other emerging markets have also continued to increase. in the future, we will continue to deeply explore the african market and maintain our competitive advantages in africa. at the same time, we will continue to improve the support system for new market development, pay attention to the sustainable development of new market countries, continue to explore and optimize the development model suitable for new markets, and improve the quality of operations. and build core competitiveness.

according to idc data, in the first half of 2024, the company's share of the global mobile phone market was 14.4%, ranking second among global mobile phone brand manufacturers. among them, smartphones accounted for 9.1% of the global smartphone market, ranking fourth. . in the african market, the company's african smartphone market share exceeds 40%, ranking first. in the south asian market, pakistan ranks first in smartphone market share; bangladesh ranks first in smartphone market share; and india ranks seventh in smartphone market share.

in terms of new folding screen products, the company's brand tecno recently released the second-generation folding screen flagships of the phantom series - phantom v fold2 5g and v flip2 5g, equipped with a series of ai technologies designed to improve efficiency and optimize communication, including the ellaai voice assistant. function.