'Dual circulation' to boost growth (Ⅳ)

A1: Last year, we accomplished our goals for the Chinese market despite various challenges brought by the COVID-19 pandemic. We have earned more local customers and partners, and expanded our market share in China. The positive results of last year are primarily due to our active transformation toward cloud computing. The company's steady growth in China allows us to deal with the difficulties and challenges and consolidate our position in the global market.

A2: We see the dual circulation policy as an opportunity for us. The Chinese government attaches importance to expanding domestic demand, which means a larger market for enterprises that operate in China, including Avaya. We would like to work closely with more local IT vendors and introduced our world-class offerings and the latest technologies to our Chinese customers. We will also help Chinese IT companies to develop business in the global market.

A3: Avaya's "In China, For China" promise is in line with the government's efforts to ensure "six priorities" and stability in six areas, which encourage us to invest in the Chinese market, and give us space to grow. Apart from the world-class technologies and solutions we introduced, we expect our further engagement with China's economic development will bring more jobs and business opportunities in China.

A4: China's macro-economy policies put the investment, consumption, employment and people's livelihoods at the core, which empowers sustainable economic development. Thanks to China's quick recovery, Avaya's local business avoided a great loss, and obtained new development opportunities. For example, during the pandemic, a number of Chinese companies sought Avaya's help for remote collaboration to protect their employees and ensure business continuity.

A5: China could be and should be a contributor to the world technology arena. Avaya would like to give more input to drive technology innovations and bridge China and the world by accelerating technology exchanges between both sides.

A6: The Chinese market is of great significance to Avaya. Since we entered this market several decades ago, we have been growing with it. We have seen the huge potential of the Chinese market. Therefore, we will invest more in China, build our local partner ecosystem and enhance our cooperation with local enterprises. We believe it is an effort with mutual benefit.

China has considerable influence on the world economy. And it also has demonstrated its strength in technology innovation, especially during recent years. Avaya and I both hope China can play its role in accelerating the recovery of the world economy.

A7: The 14th Five-Year Plan and the 2035 long-term development goal outlined "innovation" as one of the keywords. It is definitely positive information for Avaya and other foreign companies who operate in China. We will try to integrate China's needs into our strategies and efforts, and adapt ourselves in several ways by accelerating localization push, improving our strategies in innovations, helping our enterprise customers with their digital transformations, and introducing our cutting-edge technologies to the new infrastructure projects.