1. Shanghai Confucianism is the main body of domestic operation, while China Confucianism is the main body of overseas listing.
2. During the listing of China Ruyi, Shanghai Ruyi sold the equity of Wanda Cinema to China Ruyi. As a subsidiary, Shanghai Ruyi doesn't have to pay China Ruyi, and the money that Shanghai Ruyi needs to pay for the acquisition of Wanda Cinema is paid by China Ruyi in US dollars overseas.