Hugo Lee, CEO of Haru Invest, explained the misunderstandings and concerns regarding the cost-cutting measures announced last week. Lee stated that all cost-cutting measures related to Haru Invest's services are currently necessary, and Haru Invest and I will continue to work to implement the cost-cutting plan in the most effective way possible. Since the suspension of withdrawals, many expenses have already been reduced, but there are still some fixed costs.

These costs include maintenance costs for Haru Invest's service servers, office expenses, etc. Among them, the maintenance cost of the server is the largest fixed cost, and we are considering temporarily stopping the server to protect members' assets in the long term. Therefore, we believe that the most effective method is to save and store all relevant data and decide whether to restart the server when allocating assets.