MNCs keep faith in China's growth potential

A1 The high-level opening-up policies provide us with opportunities to know well about Chinese users' real demand, and keep the right direction of promoting business with Chinese partners.

In addition, high-level opening-up policies have also brought us practical convenience. For example, the administrative procedures have been simplified and optimized, the service system of foreign enterprises has been improved, and we got help during the COVID-19 pandemic, which has made us feel great support and kindness from China's government.

A2 Epson totally agrees with and supports the goal of pushing high-quality development proposed by the Chinese government and believes that green technology and products will play an important role. And it is farsighted and consistent with Epson's "efficient, precision, compact" principle.

So in the future, Epson will continue to actively respond to the policy of the Chinese government and provide innovative and environmentally friendly products and solutions for all aspects of people's work and life.

A3 Looking back to fiscal year 2021, the global economy still faces many constraints, such as the shortage of semiconductor chips and instability of global industrial and supply chains. Even in this case, Epson China's revenue still increased about 8 percent compared to fiscal year 2020, and achieved excellent performance in our main innovation fields of inkjet printers, home projectors, print heads and robotics.

In fiscal year 2022, we expect to increase more than 10 percent compared with FY 21, which means double-digit growth.

A4 Based on our technology plus localization strategy, co-creation with partners is one of the important secrets for Epson to maintain growth in the China market for a long time. Both sides can get more achievements through complementary advantages.

In this case, Epson will keep actively increasing efforts to co-create with excellent local partners and take advantage of partners' mature industrial experience and supporting our technologies. We will bring more products and solutions to Chinese users in the fields of intelligent manufacturing, digitalization of traditional industries, intelligent culture and tourism.

A5 China always stays committed to pursuing high-quality development and the Chinese economy enjoys good momentum overall. Shifts in the international economic environment have brought some pressure, but the fundamentals of the Chinese economy, characterized by strong resilience, enormous potential and long-term sustainability remain unchanged. We have confidence in the future of China's economy and surely keep an optimistic attitude in China.