Representative New Contracts. New contract value represents the value of the contracts the Group entered into during a specified period. The value of a contract is the amount that the Group expects to receive under the terms of the contract if the contract is performed in accordance with its terms. During the three months ended 31 December 2023, the total value of new contracts entered into by the Group amounted to RMB35.893 billion, and contracts that are representative are as follows:
