$LINKLOGIS-W(09959.HK)I have thoroughly reviewed the financial reports of this target from 2021 to this year. Both revenue and gross profit margin have been declining. There were two share repurchases: the first was in mid-2021, with a maximum repurchase of $100 million, and the stock price showed an overall downward trend. The second was approved in mid-2023 and announced in Q1 2024, with a maximum repurchase of $100 million. Neither repurchase officially disclosed the final implementation status. The third repurchase started in mid-June 2025, with at least $80 million, lasting for one year, and the repurchased shares account for 2.5% of the total shares. This target is currently in a loss-making state, but the financial report shows it has 5.3 billion in cash, and the market's pricing for this target is relatively negative.