Thank you for coming to our Virtual Investor Conference. Now we will reveal the financial numbers of Q2. Q2 revenue was RMB 78.8 billion, up 9% QOQ and up 11% year-on-year. Gross profit was up 10% QOQ and up 2% YoY. Gross margin in Q2 increased to 30.1% from 29.8% in Q1, but slightly contracted from 32.9% of 2020 due to a high base last year that had a one-off subsidy from the government and higher material costs and a little dilution from the rapidly growing EV business. In Q2, the R&D expense was up 7% year-on-year and 8% quarter-on-quarter. With a more favorable scale, the R&D expense as a percentage of sales dropped to 8.8% in Q2, versus 9.2% in Q2 of 2020 and 9.8% in Q1. Likewise, the SG&A expense was up 6% year-on-year and 4% quarter-on-quarter. The SG&A expense as a percentage of sales contracted to 10.1% in Q2 versus 10.6% in the second quarter of 2020, and 10.5% in Q1. As a result, the OPEX ratio shrank to 18.9% in Q2 versus 19.8% in the second quarter of 2020 and 19.5% in Q1. The OP in Q2 was up 17% QOQ, but down 5% year-on-year. The OP margin in Q2 was 11.1% versus 10.3% in Q1 and 13.1% in the second quarter of 2020. Sequentially, we saw seasonal growth for all segments. Year-on-year, we found strong growth for both Power Electronics and Automation, while Infrastructure had a little bit negative growth due to the disadvantaged business environment hurt by the pandemic. Earnings wise, we found seasonal profit expansion for all segments and pretty strong year-on-year profit improvement for Automation, with some profit contraction for Power Electronics and Infrastructure compared to a year ago. In terms of the sales breakdown, Power Electronics accounts for 59% in Q2 versus 90% in Q1, and 57% from a year ago. Automation was 16% in Q2 versus 15% in Q1 and a year ago. Infrastructure was 25% in Q2 versus 25% in Q1 and 28% in the second quarter of 2020. It didn't change much from Q1 to Q2. The net operating profit was around RMB 1.3 billion in Q2, which was similar to Q1. In Q2, we had RMB 10.1 billion profit before tax, up 14% QoQ, but down 1% year-on-year. EBITDA in Q2 was RMB 14.4 billion, which was up 10% QoQ and up 1% YoY. Q2 tax expense was about RMB 2 billion, representing a stable 20% effective tax rate. The net profit after tax in Q2 was RMB 7.6 billion, up 15% QoQ and flattish YoY. The EPS in Q2 was TWD 2.92. Now we have a look at the accumulated numbers of the first half. The first half revenue was RMB 151.3 billion, up 20% from a year ago. Shipping in the first half was up 19% year-on-year with a shipping margin of 29.9%. The R&D expense in the first half was up 12% year-on-year with a favorable scale. The R&D expense as a percentage of sales dropped to 8.9% versus 9.5% in the first half of 2020. The SG&A expense in the first half was up 6% year-on-year. The SG&A expense as a percentage of sales contracted to 10.3% versus 11.6% from a year ago. The OPEX ratio also shrank to 19.2% from 21.2% in the first half of 2020. The OP in the first half was up 45% year-on-year, and the OP margin in the first half significantly increased to 10.8% from 8.9% a year ago. Year-on-year, we saw pretty strong growth in both the Power Electronics and Automation, followed by a little recovery in Infrastructure. Profit wise, we found the most significant expansion in Automation and pretty strong improvement for Power Electronics and Infrastructure as well. The sales percentage of Power Electronics, Automation, and Infrastructure in the first half was 16%, 15%, and 25%, respectively, compared to 56%, 15%, and 29% from a year ago. The expansion of Power Electronics was largely driven by the rapid growth of EV solution business. In the first half, we had about TWD 2.6 billion in operating profit. The increase in others was mainly because of the gains of some of our minority investments. In total, we had TWD 18.9 billion pre-tax income, up 45% from a year ago. Our EBITDA in the first half was TWD 27.4 billion, which was up 30% from a year ago. The first half tax expense was around TWD 3.8 billion, representing the 20% effective rate. The net profit after tax in the first half of 2021 was TWD 14.2 billion, compared to TWD 9.7 billion a year ago. The EPS in the first half was TWD 5.46 from TWD 3.72 a year ago. Here we have the first questions. It's about what is the approximate impact of the price increase in raw materials and components on the company's shipping margin in Q2. Can you pass on the cost increases to your customers? Which materials do you see the greatest cost pressure, and which departments are most affected? There is indeed a pretty severe price increase for many different kinds of components and materials from 3%-10%, for different kinds of components or materials. Of course, we need to negotiate and discuss with the customers and to share the cost pressure with the customers as well. The price increase in terms of the range varies from product to product. The second question is, can you share the outlook for each product line? What are the main drivers? What's the trend for shipping margin? I think currently we are expecting the normal seasonality, which means that the second quarter usually better than the first quarter and the third quarter usually is the peak season of the whole year. The fourth quarter normally is about flattish or sometimes is slightly better or slightly lower than the third quarter. For the fourth quarter, it's still a bit early to have a clear visibility. In terms of the third quarter, I think it's very likely and probably it's going to be better than the second quarter. Although there are still some bottlenecks in the supply chain, but I believe that the toughest time was already behind. In terms of the price increase for our selling price, because it's difficult or it's impossible to negotiate prices with your customers at the beginning of the inflation, because we want to maintain a good relationship with the customers. I think after August or September, we will be able to start to renegotiate the prices, the selling price with our customers and try to pass on or share some of the cost pressures with our customers. Hopefully, things will be getting better after August or September. In terms of the main drivers for the second half, I think still EV businesses and IA and data center solutions and our telecom power business will be the faster-growing areas. For our EV solution business, we expect it to grow by at least 40%-50% in the second half. Lastly, there's our telecom power business. Although the deployment or the roll-out of 5G is not as fast as everybody imagined, but indeed, we are seeing some accelerations about the roll-out of 5G. In the second half, I think those will be the areas growing faster within our portfolio. The third question is, does OPEX increase significantly due to the pandemic outbreak in Taiwan? I think that our OPEX, in terms of the numbers, is relatively stable because the situation is still the same. There are no traveling expenses. I think that generally speaking, our OPEX remains pretty stable now. Can you talk about the demand and outlook for notebooks and server powers? Are you seeing any slowdown in Q3? I just had some discussions with our business managers for the notebooks and server powers. I think although there are some noises about whether the demand for notebooks and servers are going to slow down when things are getting more stable now. The situation now is we haven't really seen that happen at this moment, but probably because we haven't really satisfied all the demand from the customers. Currently, we haven't seen that. Do you think that Q3 will be the peak of this year? If there are some orders being pushed out to the fourth quarter because of the material supply, does that mean Q4 will be better than Q3 this year? We actually have very limited visibility for most business. Normally, Q3 is the peak season, but we still need to wait and see. Are you seeing any slowdown in China IA markets? Currently, it still looks pretty good. I think I have explained it for many times that the transformation in the factories is a long-term trend in the factories. How do you see the component shortage problem? Will it be solved by the end of this year? As I just said earlier, I think that the toughest moment was already behind. Are you seeing intensified competition in server power supplies? Is there a chance to accelerate the growth of server powers in 2022 because of the new platforms of Intel and AMD? I think we have been the market leader in the server power for many years, and we still continue to improve our technologies and competitive advantages. I can probably say that I'm pretty confident about the technology and performance of our server powers. We are definitely one of the best in the market. If we are not the best, I'm pretty confident about our performance. I believe we can maintain our competitiveness in the future. In terms of the server market, I think it's fairly stable. There are few large fluctuations. The launch of the new platform should have limited impact on the market demand. As an important partner of CPU manufacturers, we will definitely launch corresponding power and cooling products to help our customers smoothly enter to the next generation. How do you see your game console power business in the second half? Usually, the second half is the peak for game console business. However, since last year, the supply has been affected by the shortage of materials. We are not certain about this now. Anyway, the gap is not on our side, but on other components. Who are the main competitors for automotive passive components? There are quite a lot of manufacturers focusing on this market, such as Panasonic, Murata, TDK. As a latecomer, Cyntec, with the strong R&D capabilities, product performance, and strong cost structure, I believe that we will show our competitiveness very soon. The auto market by nature is quite different from the consumer market. After many years of the hard work and extra hard work, I think we have seen rapid growth and significant revenue contributions from the auto products. How about the loss-making situation in your EV solution business? Any improvement in the bottom line? How fast do you think this business can grow this year and the next year? Being affected by the component shortage, the EV solution had a moderate sequential growth in Q2 compared to Q1. Because we are still investing pretty aggressively. Hopefully, we are able to achieve breakeven within two years. I'm pretty confident about this business because the market itself is growing really rapidly. We just need a better scale in order to see the improvement of the bottom line. How much of Delta's revenue come from Tesla? We don't comment on the information of any individual customers. Tesla is not the only company making EV. Many other major automakers are being more aggressive on the EV market and deployments. The entire market is growing rapidly. We are relatively optimistic about the business. Any early thoughts about the macro environment for next year? I always said I'm not an economist, because there are so many variables and swing factors and uncertainties in the environment. I think that my answer is always the same. We have no control about macro. The only thing we can do is we do our best, and we can only be ready for the orders and for the business. Compared to the macro environment, any comment on the macro environment, I think that it's hard for me to make any forecasts. Even in the difficult time, I think there are still some companies that are able to outperform other peers because of their better operations and better management, and that's our goal. Can you talk about the outlook for Q3? I think that in the short run, the main issue is to remain the component and material supply in the whole supply chain. As our Chairman just said, the toughest time was already behind and also because we are one of the biggest, if we are not the biggest customers of our suppliers. I think it's likely that we can be better. We have better control of the whole situation. Do you have any idea about your penetration rate of your EV solution business according to your project wins at hand? I think because there are many new models being launched in every month and every quarter. The number is quite fluctuating. I believe that we have pretty good market share in this market given we have many project wins from the major automakers. Can you give us more detail about the impact on your margins, in terms of from the rising cost for each product line? I think it varies from product to product. For the products with higher margins, I think that it's relatively okay, but for businesses with relatively lower Gross margin, it is being more greatly affected. In general, I think that we are okay. Can you talk about your expectation for your EV solution business? As I said, the major automakers, including the European automakers, the U.S. automakers, and even the Japanese automakers are the customers of Delta. I think that we are relatively optimistic about this business. Even with the pandemic, Delta Thailand's business still seems quite strong. Is that because Delta moved more business to Thailand? What are the main businesses? Delta Thailand is a public-listed company in Thailand, I think that it's not appropriate for us to answer the questions for them. We are not supposed to speak for them. Any recovery in your networking business? At present, demand from corporates in Europe and the U.S. has not recovered significantly. When there are more employees returning to the office, corporate IT investments should also grow correspondingly, which should drive market demand. As you mentioned earlier, the EV business accounts for 5% of your total revenues. Is that only the onboard EV products, or is it the aggregate number of all EV-related businesses? I think that we actually have many different products exposed to the auto market. For example, in our cooling fans, we also make some cooling fans for auto. We also have some passive components for the auto market as well. When we talk about the EV solution business, which accounts for about 5% of the total sales now, which refers to the onboard EV products. Is there any acceleration in the 5G rollout? Are you seeing any acceleration in your telecom power business? Do you think that you are able to benefit from the Huawei situation in the U.S. and EU? I think the problem of 5G is still the same, the lack of the material or the killer applications. Whenever I went to the phone stores, I always ask them, so what are these 5G phones for? They always answer me, okay. In terms of the speed, it's a bit faster, but also is much pricier. I think that is the main reasons why people are not seeing the rapid growth of the whole 5G market currently because, for the operators, they still need to figure out how they can make their return from the 5G investments. Can you talk about your EV charger business? I think in order to see the population of the EV cars on the road, the infrastructure, which are the EV chargers, are very, very critical. That's why you also see the U.S. government, they just approved the spending on the infrastructure, which includes the EV chargers. Are there any ongoing M&A projects? M&A is part of Delta's long-term strategy. We have a professional team that continues to look for any possible opportunities. Since the market is very hot at present, it is difficult to predict whether we can successfully close the deals eventually. Do you think that it is possible that we can maintain the GP margin about 30% in the second half? Yeah, I think so, because as I said, the worst time was already behind, so I think it is quite likely. Are you seeing any impact on your Automation business from the Delta variant? Actually, we have two parts within the Automation segments. One is the Industrial Automation, the other 1 is the Building Automation. For the Industrial Automation, I think its impact is pretty limited. That has some negative impact on the Building Automation, because the Building Automation business by nature is a business you need to send people to the stores and to the sites to help the customers to install the device and equipment. During the pandemic, it's very difficult to do so. That's why it's being affected by the pandemic. What is the reason for the resignation of the current CFO? Can you tell us more about the new CFO? After being with us for 35 years, our CFO, Ms. Wang, decided to retire at the end of this year due to her personal plan. We are really grateful for her long year contributions to Delta. The new CFO, Mr. Po-Wen Yen, he has also been with us for many years, and he is the CFO of Delta Thailand as well. He has extensive knowledge and complete experience in accounting, financial planning, and process improvements. We hope that he can lead a global finance team to overcome the challenges and create new breakthroughs for Delta. Are you expecting any price increase or negotiation of the selling price with your customers in the third quarter? I think it's case by case because for each customer, you have different relationship with the different customers, and the negotiation power, the bargaining power of each customer is different too. It's not just like, okay, so we saw some cost increase, and then we just pass on to the customer immediately. It's not that easy. I think the very critical element of Delta is we don't take advantage from this. We wouldn't tell our customers, if you don't raise your prices, then we don't ship the products. We always want to help our customers on their business. I think that's all the questions today. Yeah. I think that everybody stay healthy, and stay safe, and stay happy. Hopefully that we can see each other in person in the next time, earnings call. We will see. Thank you for coming.