I traveled to Shanghai last week, and although the outcome is yet to be determined, we believe the process is progressing well and nearing closure, and likely to result in a new strategic direction for our Pixelwork Shanghai subsidiary before the end of the third quarter.

Aug 12, 2025 / CEO / receipt, needs a key / Todd DeBonis, CEO | earnings call 2025-08-12 | transcript 7465aeb2-8ae8-4aa5-82a8-04e69594d4b7 | chars 14735-15007 | segment 14

And having personally witnessed the tail end of the recent Chinese Lunar New Year holiday, It is readily apparent that people are enthusiastic about getting back to normal, traveling locally, and spending again.

Feb 9, 2023 / CEO / receipt, needs a key / Todd DeBonis, CEO | earnings call 2023-02-09 | transcript caa5f643-5084-49a6-9953-b56a4830eee8 | chars 3999-4210 | segment 3