Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO. LTD.THE REPORT FOR THE FIRST QUARTER OF 2026
The Company as well as all members of the Board of Directors hereby guarantee the
factuality accuracy and completeness of the information disclosed and its free of any
misrepresentations misleading statements or material omissions.Important Notes:
1. The Board of Directors (or the “Board”) as well as the directors and senior management of
Guangdong Dongfang Precision Science & Technology Co. Ltd. (hereinafter referred to as the “Company”)
hereby guarantee the factuality accuracy and completeness of the contents of this Report and shall be
jointly and severally liable for any misrepresentations misleading statements or material omissions therein.
2. The Company’s legal representative the Company’s Financial Controller and the Company’s
Accounting Supervisor hereby guarantee that the financial statements carried in this Report are factual
accurate and complete.
3. Whether the 1st quarter financial statement has been audited
□ Yes √ No
The report for the 1st quarter of 2026 of the Company has been prepared and released in Chinese
and now has been translated into English. Should there be any discrepancies or misunderstandings
between the two versions the Chinese version shall prevail.
1 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
I Key Financial Information
1. Key Financial Data and Indicators
Indicate whether there is any retrospectively restated datum in the table below.□ Yes √ No
Q1 2026 Q1 2025 Rate of Change
Operating revenue (RMB) 1047428624.25 988738120.45 5.94%
Net profit attributable to the listed company’s
shareholders (RMB yuan) -9422674.00 275689175.48 -103.42%
Net profit attributable to the listed company’s
shareholders before exceptional gains and losses 38017849.25 129885861.19 -70.73%
(RMB yuan)
Net cash generated from/used in operating
activities (RMB yuan) -46638548.55 136458853.72 -134.18%
Basic earnings per share (RMB / share) -0.01 0.23 -104.35%
Diluted earnings per share (RMB /share) -0.01 0.23 -104.35%
Weighted average return on equity (ROE) -0.16% 5.37% -5.53%
Ending balance Beginning balance
Of the Reporting Period Of the Reporting Period Rate of Change
Total assets (RMB) 8571068496.86 8723974411.66 -1.75%
Equity attributable to the listed company’s
shareholders (RMB) 5707481764.40 5773817881.00 -1.15%
2. Non-recurring profit and loss items and amount
√ Applicable □ Not applicable
Unit: RMB
Item Q1 2026 Notes
Gain or loss on disposal of non-current assets (inclusive of
impairment allowance write-offs) -8923.83
Government grants through profit or loss (Excluding government
grants that are closely related to the Company’s ordinary business
operations comply with national policies are granted in 2425365.98
accordance with established criteria and have a continuous impact
on the Company’s profits and losses.)
Gain or loss on fair-value changes on held-for-trading and
derivative financial assets and liabilities & income from disposal
of held-for-trading and derivative financial assets and liabilities -16346496.19
and other debt investments (exclusive of the effective portion of
hedges that arise in the Company’s ordinary course of business)
Non-Operating Revenue and expenses other than the above 1590813.74
Other profit and loss items meeting the definition of non-recurring
gains and losses -36784844.95
Less: Income tax effects -1954529.98
Non-controlling interests effects (net of tax) 270967.98
2 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
Item Q1 2026 Notes
Total -47440523.25 --
Other items that meet the definition of non-recurring profit and loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.Note of the reclassification of non-recurring items of profit or loss listed in Explanatory Announcement No. 1 on Disclosure of
Information by Companies Issuing Public Securities - Non-recurring Profit or Loss as recurring items of profit or loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
3. Changes in Key Financial Data and Indicators and the Reasons
√Applicable □ Not applicable
Unit: RMB
(1) Balance sheet items
Ending balance Beginning balance
Items Of the Reporting Of the Reporting Amount of Rate of Change Notes
Period Period Change
Mainly due to the increased
Long-term prepaid renovation expenses of factory
expenses 43612077.61 19601435.75 24010641.86 122.49%buildings and offices ofsubsidiaries during the current
period..
(2) Income statement items
Items Q1 2026 Q1 2025 Amount ofChange Rate of Change Notes
Mainly due to exchange rate fluctuation
Finance costs 10006808.92 -8790772.71 18797581.63 213.83%during the current period.Mainly due to the decrease in cash
received from financial asset
Investment income 3050581.73 156238584.58 -153188002.85 -98.05%investment activities in the current
period compared with the
corresponding period of the prior year.Gain/loss on changes Mainly due to the fair value fluctuation
in fair value -21557381.91 8149864.99 -29707246.90 -364.51%of the held trading financial assetsduring the current period.
(3) Cash flow statement items
Items Q1 2026 Q1 2025 Amount ofChange Rate of Change Notes
Net cash generated Mainly due to increased cash outflows
from/used in -46638548.55 136458853.72 -183097402.27 -134.18%from operating activities in the current
operating activities period.Mainly due to the decrease in cash
Net cash generated received from financial asset
from/used in -74722480.58 -5759132.68 -68963347.90 -1197.46%investment activities in the current
investing activities period compared with the
corresponding period of the prior year.Net cash generated
from/used in -11075711.45 52112168.90 -63187880.35 -121.25%
Mainly due to loan repayments made in
the current period.
3 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
financing activities
4 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
II Shareholder Information
1. Total Number of Ordinary Shareholders and Number of Preference Shareholders with Resumed Voting
Rights as well as Information of Top 10 Shareholders
Unit: shares
Number of preference
Number of ordinary shareholders at 165285 shareholders with resumedthe period-end voting rights at the period-end Not applicable
(if any)
Top 10 shareholders (excluding lending of shares through the facility)
Name of Nature of Shareholding Total shares held Restricted shares Shares in pledge or frozen
shareholder shareholder percentage at the period-end held Status Shares
Domestic
Tang Zhuolin 21.26% 258837568 194128176 In pledge 37290000
individual
Domestic
Tang Zhuomian 7.96% 96885134 0 NA 0
individual
Domestic
Qiu Yezhi 1.92% 23382388 17536791 NA 0
individual
Guangdong
Dongfang Precision
Science &
Technology Co. Others 1.75% 21330000 0 NA 0
Ltd. - 2024
Employee Stock
Ownership Plan
Domestic
Huang Min 0.73% 8851191 0 NA 0
individual
Hong Kong
Oversea legal
Securities Clearing 0.51% 6167880 0 NA 0
Entity
Company Limited
Domestic
Sun Pengyuan 0.48% 5900092 0 NA 0
individual
Domestic
Zhang Jian 0.24% 2950000 0 NA 0
individual
Domestic
Guo Yanrong 0.23% 2841900 0 NA 0
individual
Domestic
Sun Xiaotian 0.20% 2473700 0 NA 0
individual
Top 10 unrestricted ordinary shareholders
Shares by type
Name of shareholder Unrestricted shares held at the period-end
Type Shares
Tang Zhuomian 96885134 RMB ordinaryshares 96885134
Tang Zhuolin 64709392 RMB ordinaryshares 64709392
Guangdong Dongfang Precision
Science & Technology Co. Ltd. - RMB ordinary
2024 Employee Stock Ownership 21330000 shares 21330000
Plan
Huang Min 8851191 RMB ordinaryshares 8851191
Hong Kong Securities Clearing 6167880 RMB ordinary 6167880
Company Limited shares
Sun Pengyuan 5900092 RMB ordinary 5900092
5 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
shares
Qiu Yezhi 5845597 RMB ordinaryshares 5845597
2950000 RMB ordinaryZhang Jian shares 2950000
RMB ordinary
Guo Yanrong 2841900 shares 2841900
RMB ordinary
Sun Xiaotian 2473700 shares 2473700
Mr. Tang Zhuolin and Mr. Tang Zhuomian are brothers. On 18 August 2010 they signed the
Related or acting-in-concert parties
among the shareholders above Agreement on Acting in Concert. Apart from that the Company is not aware of any related or
acting-in-concert parties among the other shareholders above.Description of the participation of
the top 10 common shareholders in Shareholder Huang Min and Sun Xiaotian holds 8851191 shares and 2473700 shares
the financing and securities respectively through the client margin trading securities accounts of Cinda Securities Co.financing business (if any) Ltd.Shareholders holding more than 5% of shares top 10 shareholders and top 10 shareholders with unlimited shares in circulation
involved in refinancing shares lending
□ Applicable √ Not applicable
The change of the top 10 shareholders and top 10 shareholders with unlimited shares from the previous period due to involved in
refinancing shares lending
□ Applicable √ Not applicable
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders
□Applicable √ Not applicable
III Other Significant Events
?Applicable □ Not applicable
The Company proposes to sell its 100% equity interest in Guangdong Fosber Intelligent Equipment Co. Ltd. (hereinafter referred to
as "Fosber Asia") and its 100% equity interest in Tiru?a (Guangdong) Intelligent Equipment Manufacturing Co. Ltd. (hereinafter
referred to as "Tiru?a Asia") to Foresight US BidCo Inc. The Company’s wholly-owned subsidiary Dong Fang Precision
(Netherland) Co?peratief U.A. (hereinafter referred to as "Dongfang Precision (Netherlands)") intends to sell its 100% equity
interest in Fosber S.p.A. (hereinafter referred to as the "Fosber Group"; collectively with Fosber Asia and Tiru?a Asia the "Target
Companies") to Foresight Italy BidCo S.p.A. (collectively with Foresight US the "Counterparties" or the "Buyers" and the foregoing
transactions collectively referred to as the "Transaction"). The Transaction constitutes a major asset restructuring as stipulated in the
Measures for the Administration of Major Asset Restructurings of Listed Companies and does not constitute a connected transaction.The Company convened the 21st (extraordinary) meeting of the 5th Board of Directors on 30 January 2026 and the First
Extraordinary General Meeting of Shareholders of 2026 on 27 March 2026 at which the resolutions in relation to the Transaction
were reviewed and approved.On April 14 2026 the Company disclosed the Announcement on Completion of the Delivery of Major Asset Sale and the
Implementation Report on Major Asset Sale. As of the disclosure date of the aforesaid announcements The Company Dongfang
Precision (Netherlands) and the Buyers completed the delivery of the Transaction on April 9 2026 in accordance with the terms of
the Share Purchase Agreements and fulfilled all respective obligations to be performed upon delivery (including the handover of
delivery documents such as relevant share certificates capital contribution certificates shareholder registers and corporate books).Upon completion of delivery the Buyers became the sole shareholders holding 100% equity of Fosber Group Fosber Asia and
Tiru?a Asia and the Company and Dongfang Precision (Netherlands) ceased to own the ownership of the target assets. The delivery
of this major asset sale has been fully completed.As of April 9 2026 the total consideration for the Transaction amounted to EUR 816.7336 million (excluding any contingent
consideration). As of the delivery date Tiru?a Asia repaid a total principal and interest of RMB 56.0753 million to the Company.Meanwhile the bank loan guarantee provided by the Company for Tiru?a Asia has been released.
6 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
In accordance with the relevant provisions of the Accounting Standards for Business Enterprises of China the delivery of this asset
sale transaction was completed in April 2026 and the control risks and rewards as well as rights and obligations of the relevant
assets were substantially transferred to the transaction Counterparties in the same month. Accordingly the Company will recognize
the gain or loss arising from this major asset sale in its financial statements for the second quarter of 2026. The aforesaid asset
disposal will not be recorded in the Company’s financial statements for the first quarter of 2026.IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision Science & Technology Co. Ltd.
31 March 2026
Unit: RMB
Item 31 March 2026 1 January 2026
Current assets:
Cash and bank balances 1881683870.07 2078919027.45
Settlement provisions
Dismantling funds
Financial assets held for trading 669876804.24 766554477.49
Derivative financial assets 165309.14 101000.75
Notes receivable 47887053.95 48393159.64
Accounts receivable 853763113.37 952021236.78
Receivable financing 9002924.74 19403276.39
Prepayments 53590570.30 37409930.97
Premium receivable
Receivable reinsurance account
Provision for reinsurance contract
receivable
Other receivables 25222868.57 31895695.08
Including: Interest receivable
Dividend receivable
Buy back resale financial assets
Inventories 1240085234.10 1119277121.91
Including: Data Resource
Contract assets 69269371.96 64541120.93
Assets held for sale
Current portion of non-current
assets 22795912.41 24277934.25
Other current assets 124889757.54 114363170.02
Total current assets 4998232790.39 5257157151.66
Non-current assets:
Loans and advances
7 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
Item 31 March 2026 1 January 2026
Debt investment
Other debt investments
Long-term receivables 3952047.64 6212768.80
Long-term equity investment 300197860.15 302857592.30
Investment in other equity
instruments
Other non-current financial assets 925614041.97 817347878.10
Real estate investment
Fixed assets 1086510562.23 1084142895.08
Construction in progress 182167803.42 195841811.75
Productive biological assets
Oil and gas asset
Right-of-use assets 73245518.61 69324297.36
Intangible assets 353875484.42 366942495.27
Including: Data Resource
Development expenditure
Including: Data Resource
Goodwill 387518936.94 394318371.23
Long-term prepaid expenses 43612077.61 19601435.75
Deferred tax assets 185596793.39 180645019.96
Other non-current assets 30544580.09 29582694.40
Total non-current assets 3572835706.47 3466817260.00
Total assets 8571068496.86 8723974411.66
Current liabilities:
Short-term borrowings 197315401.67 185516009.83
Borrowing from the Central Bank
Borrowed funds
Financial liabilities held for trading
Derivative financial liabilities 90307159.95 93783840.98
Notes payable 211067115.20 241390245.31
Accounts payable 814482379.72 936107613.22
Advance receivables
Contract liabilities 522516372.78 458557878.31
Selling back financial assets
Deposits and Interbank deposit
Agent trading securities
Agent underwriting securities
Employee benefits payable 192404534.30 163568530.12
Tax payable 54274046.72 46227078.24
Other payables 98680041.18 113131531.51
Including: Interest payable
8 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
Item 31 March 2026 1 January 2026
Dividend payable
Fees and commissions
Reinsurance accounts payable
Liabilities held for sale
Current portion of non-current
liabilities 100481048.87 93012483.04
Other current liabilities 33671436.34 47297085.80
Total current liabilities 2315199536.73 2378592296.36
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 100913627.14 110985297.60
Bonds payable
Including: Preference Shares
Perpetual bonds
Lease liabilities 50819297.14 53367241.87
Long-term payables
Long-term employee benefits
payable 13042995.97 13689047.85
Provisions 96785305.06 113899182.15
Deferred income 12644506.66 13073671.66
Deferred tax liabilities 3694491.73 2960791.33
Other non-current liabilities 4518029.01 4489204.26
Total non-current liabilities 282418252.71 312464436.72
Total Liabilities 2597617789.44 2691056733.08
Equity:
Share capital 1217286340.00 1217286340.00
Other equity instruments
Including: Preference Shares
Perpetual bonds
Capital surplus 2977898321.28 2970559555.17
Less: Treasury stock 115233041.40 115233041.40
Other comprehensive income 41312608.98 105828969.82
Special reserve 19959773.93 19695621.80
Surplus reserves 77653941.80 77653941.80
General risk preparation
Retained earnings 1488603819.81 1498026493.81
Total equity attributable to owners of the
parent 5707481764.40 5773817881.00
Non-controlling interests 265968943.02 259099797.58
Total equity 5973450707.42 6032917678.58
Total liabilities and equity 8571068496.86 8723974411.66
9 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
(2) Consolidated Income Statement for Q1 2026
Unit: RMB
Item Q1 2026 Q1 2025
1 Total operating revenue 1047428624.25 988738120.45
Including: Operating revenue 1047428624.25 988738120.45
Interest income
Premiums earned
Fee and commission income
2 Total operating cost 1024079763.42 845161733.31
Including: Cost of sales 808019182.03 694025817.13
Interest expense
Payment of fees and commission
Surrender fund
Net indemnity expenditure
Draw the net reserve of insurance
liability contract
Policy dividend expense
Reinsurance cost
Taxes and surcharges 7136882.17 7283031.77
Selling expenses 48958898.83 36538032.20
Administrative expenses 122509982.05 90355370.69
R&D expenses 27448009.42 25750254.23
Finance costs 10006808.92 -8790772.71
Including: Interest expenses 1875786.12 2384540.57
Interest income 9580736.06 13022065.59
Add: Other income 3051672.92 5002169.04
Investment income (loss with "-" sign) 3050581.73 156238584.58
Including: Share of profit or loss of joint
ventures and associates -2160303.99 -1209656.56
Income from derecognition of
financial assets measured at amortized cost (loss with
"-" sign)
Exchange gain (loss with "-" sign)
Net exposure hedging gain (loss with "-"
sign)
Gain/loss on changes in fair value (loss
with "-" sign) -21557381.91 8149864.99
Credit impairment loss (loss is listed with
"-" sign) -2643390.17 -1356638.20
Asset impairment loss (loss with "-" sign) -871301.73 -1409458.05
Gain/loss on disposal of assets (loss with
"-" sign) -8923.83 19657.80
10 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
Item Q1 2026 Q1 2025
3 Operating profit (losses are listed with "-" sign) 4370117.84 310220567.30
Add: Non-operating income 2065414.64 963116.28
Less: Non-operating expenses 474600.90 873982.42
5 Gross profit (the gross loss shall be filled in with
the sign "-") 5960931.58 310309701.16
Less: Income tax expenses 9288554.95 29124272.55
Net profit (net loss is listed with "-" sign) -3327623.37 281185428.61
(1) Net profit from continuing operations
i. Net profit from continuing operations (net loss
with "-" sign) -3327623.37 281185428.61
ii. Net profit from termination of operation (net
loss with "-" sign)
(2) Net profit classified by attribution of
ownership
i. Net profit attributable to owners of the parent -9422674.00 275689175.48
ii. Net profit attributable to non-controlling
interests 6095050.63 5496253.13
6 Other comprehensive income/(loss) net of tax -64885151.41 33260781.62
Other comprehensive income/(loss) attributable
to owners of the parent net of tax -64516360.84 36319770.61
(1) Other comprehensive loss that will not
be reclassified to profit or loss 242647.86 58181.53
i. Changes caused by remeasurements
on defined benefit schemes 242647.86 58181.53
ii. Other comprehensive income that
cannot be transferred to profit or loss under the equity
method
iii. Changes in fair value of
investments in other equity instruments
iv. Fair value change of enterprise's
own credit risk
v. Other
(2) Other comprehensive income/(loss) that
will be reclassified to profit or loss -64759008.70 36261589.08
i. Other comprehensive income that
can be transferred to profit or loss under the equity
method
ii. Changes in fair value of other debt
investments
iii. The amount of financial assets
reclassified to other comprehensive income
iv. Provision for credit impairment of
11 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
Item Q1 2026 Q1 2025
other debt investments
v. Cash flow hedging reserve
vi. Differences arising from the
translation of foreign currency-denominated financial -64759008.70 36261589.08
statements
vii. Other
Other comprehensive income attributable to
non-controlling interests net of tax -368790.57 -3058988.99
Total comprehensive income -68212774.78 314446210.23
Total comprehensive income attributable to
owners of the parent -73939034.84 312008946.09
Total comprehensive income attributable to
non-controlling interests 5726260.06 2437264.14
Earnings per share:
(1) Basic earnings per share -0.01 0.23
(2) Diluted earnings per share -0.01 0.23
Legal representative: Tang Zhuolin Financial Controller: Shao Yongfeng Accounting Supervisor: Shao Yongfeng
(3) Consolidated Statement of Cash Flows for Q1 2026
Unit: RMB
Item Q1 2026 Q1 2025
1 Cash flows from operating activities:
Proceeds from sale of goods and rendering of
services 1191501290.56 1065331637.11
Net increase in customer deposits and interbank
deposits
Net increase in borrowing from the central bank
Net increase in funds transferred to other
financial institutions
Cash received from the premium of the original
insurance contract
Net cash received from reinsurance business
Net increase in depositors' deposits and
investment funds
Cash that collects interest commission and
commission
Net increase in borrowed funds
Net increase in funds for repurchase business
Net cash received by agents buying and selling
securities
Receipts of taxes and surcharges refunds 18375835.97 17248973.35
Cash generated from other operating activities 22751260.26 15038127.71
Subtotal of cash inflows from operating activities 1232628386.79 1097618738.17
12 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
Item Q1 2026 Q1 2025
Payments for goods and services 906769085.58 650600017.59
Net increase in customer loans and advances
Net increase in central bank and interbank
deposits
Cash to pay the indemnity of the original
insurance contract
Net increase in loan funds
Cash for the payment of interest fees and
commissions
Cash for the payment of policy dividends
Cash payments to and on behalf of employees 235347552.96 203809035.01
Payments of all types of taxes and surcharges 35100570.03 33508884.69
Cash used in other operating activities 102049726.77 73241947.16
Subtotal of cash outflows from operating activities 1279266935.34 961159884.45
Net cash generated from/used in operating activities -46638548.55 136458853.72
2 Cash flows from investing activities:
Proceeds from disinvestment 1048997548.16 728229242.84
Investment income 3857741.71 174913220.25
Net proceeds from the disposal of fixed assets
intangible assets and other long-lived assets 484198.79 222035.43
Disposal of net cash received by subsidiaries and
other business units
Cash generated from other investing activities 26795660.08 16841363.33
Subtotal of cash inflows from investing activities 1080135148.74 920205861.85
Payments for the acquisition of fixed assets
intangible assets and other long-lived assets 68778942.55 61018481.48
Payments for investments 1086060976.35 781106222.94
Net increase in pledged loans
Obtain net cash paid by subsidiaries and other
business units
Cash used in other investing activities 17710.42 83840290.11
Subtotal of cash outflows in investing activities 1154857629.32 925964994.53
Net cash generated from/used in investing activities -74722480.58 -5759132.68
3 Cash flows from financing activities:
Absorb the cash received by the investment 1142885.38
Including: the subsidiary absorbs the cash
received from the investment of minority
shareholders
Borrowings raised 84832219.20 68470725.13
Cash generated from other financing activities 29576160.22
Subtotal of cash inflows from financing activities 85975104.58 98046885.35
Repayment of borrowings 89761582.41 16289431.46
Interest and dividends paid 1577102.97 6143003.88
Including: Interest and dividends paid to
minority shareholders
Cash used in other financing activities 5712130.65 23502281.11
Subtotal of cash outflows from financing activities 97050816.03 45934716.45
Net cash generated from/used in financing activities -11075711.45 52112168.90
13 / 14Guangdong Dongfang Precision Science & Technology Co. Ltd. Report of Q1 2026
Item Q1 2026 Q1 2025
4 Effect of foreign exchange rates changes on cash
and cash equivalents -25607691.67 9043671.15
5 Net (decrease)/increase in cash and cash equivalents -158044432.25 191855561.09
Add: Cash and cash equivalents beginning of
the period 1994298878.15 1652290548.55
6 Cash and cash equivalents end of the period 1836254445.90 1844146109.64
2. Adjustments to financial statements at the beginning of the year of first implementation of new
accounting standards for the first time from 2026 onwards
□Applicable √ Not applicable
3. Audit Report
Whether the Report has been audited
□ Yes √ No
The report for the 1st quarter of 2026 of the Company has not been audited.Board of Directors
of
Guangdong Dongfang Precision Science & Technology Co. Ltd.
24 April 2026
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