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With
the new year shining bright, all things are possible To all friends from various sectors who care for and support Lyric: We sincerely thank you for your trust, companionship, and support over the years! Recently, the company disclosed its 2024 performance forecast, which indicates a continued loss in profit. This is attributed to both external and internal factors. External factors include an industry slowdown and intensified competition, which have exceeded expectations. Internal factors stem from our rapid expansion strategy, leading to greater management dispersion and increased costs associated with exploring multiple business tracks. Here, on behalf of Lyric's management team, I would like to extend my sincere apologies to everyone. Since the second half of 2023, Lyric has been continuously reflecting and innovating, placing greater emphasis on addressing the adverse effects of internal factors. We decisively abandoned the previous "pursuit of perfectionism" approach and adop
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