On the renewal of the Chinese Grand Prix deal with F1, Guo Jianfei, Chairman of Shanghai Jiushi, the organizer of the Chinese Grand Prix, said: "Over the years, Jiushi Group and its subsidiary Jiushi Sports have remained committed to their original mission, striving for excellence in hosting events. The successful renewal of the F1 Chinese Grand Prix reflects broad recognition of the event and the world's confidence in the Chinese market. "