51Talk Online Education Group

Hello, ladies and gentlemen. Thank you for standing by for 51 Talk Online Education Group's second quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. Today's conference call is being recorded. I will now turn the call over to your host, Mr. David Chung, Investor Relations for the company. Please go ahead, David.

Thank you. Hello, everyone, and welcome to the second quarter 2023 earnings conference call of 51 Talk. The company's results were issued via Newswire Services earlier today and are posted online. You can download the earnings press release and sign up for the company's distribution list by visiting ir.51talk.com. Mr. Jack Wang, our CEO, and Ms. Cindy Tang, our CFO, will begin with some prepared remarks. Following the prepared remarks, there will be a Q&A session. Before we continue, Please note that the discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Education Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding this and other risks and uncertainties is included in the company's Form 20F. and other public filings as filed with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements, except as required under the applicable law. Please also note that earnings press release and this conference call include discussion of unaudited GAAP financial information, as well as unaudited non-GAAP financial measures. iPhone Talks press release contains a reconciliation of the inaudited non-GAAP measures to the inaudited most directly comparable GAAP measures. I will now turn the call over to our CEO, Jack Huang. Jack, please go ahead. Okay, thank you, David.

Hello, everyone. Thank you for joining our conference call. Our skills momentum continued in the second quarter with the growth feelings coming in above the guidance. Our continued growth and improved operating metrics confirm our approach to concentrate our resources on existing markets. We will remain investing in markets where we see market potential and benefit from early mover advantage. In these existing markets, we will strengthen our localization efforts and maximize the potential from our online and offline branding activities. At the same time, we will continue to explore new markets. We remain disciplined in our expense control, and we will keep tight budget control and focus on optimizing our resources. We look forward to further net revenue growth in the coming quarters and remain committed to our sustainable growth approach. The second quarter also saw us completing our listing transfer to the NYSE American. The transfer of the listing has concluded a time of uncertainty and we are now in full compliance with the listing requirements of the NYSE American removing concerns of a potential delisting. It is testimony to our commitment to existing and new shareholders and also concludes our transformation from a Chinese education company to an international educator supporting students in all parts of the world to achieve their learning goals. In terms of technology, we believe that AI-powered tutors will transform online education and the winners will be those that can provide users with the most customized content and solutions. With that vision in mind, our technology team is working relentlessly to develop the integration of large language models such as ChatGPT in our products to optimize user experience. We will launch an engaging trial product for our young learners in due course. With that, I will now turn the call over to our CFO, Cindy.