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On June 17th, the State Administration for Market Regulation released the "Ten Rules for Subsidies on Food Delivery Platforms (Consultation Draft)" for public consultation. Meituan firmly supports, and will earnestly study and actively cooperate in accordance with requirements to promote the implementation and effectiveness of various regulatory requirements. The long-term large-scale subsidies in the food delivery industry and other irrational competitions have disrupted the normal market order. The introduction of the "Ten Rules for Subsidies on Food Delivery Platforms (Consultation Draft)" this time will clearly define the compliance boundaries of subsidy behavior, effectively curb the "internal competition" in the food delivery industry, promote the industry's standardized and healthy development. Meituan will compare the requirements of the "Ten Rules" with the various platforms in the industry to effectively fulfill the responsibilities of the platform, promote the healthy competition in the food delivery industry based on quality and services, and promote win-win outcomes for all parties involved. (Meituan)