[FYI] Updated financial model V3.0

[Xingtong Bu]

Hi all,

Please find the attached updated version of combined financial model V3.0

Key finding:

• Based on current assumptions, we are likely to experience shortage of working capital in the first 2-6 month (when cash at the start of the month falls below the operating cost of the following 3 month)

Let me show you the model and let's discuss how to solve this problem during the weekend meeting.

Thanks!

Best,

Xingtong