51Talk Online Education Group

Hello, ladies and gentlemen. Thank you for standing by for 51 Talk Online Education Group's third quarter 2023 earnings conference call. At this time, all participants are in 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.

Hello, everyone, and welcome to the third quarter 2023 earnings conference call of 510 Talk. The company's results were issued via Newswire Services early 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. Jaguar, 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 same public provisions of the U.S. Private Securities Medication Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, a company's results may be materially different from the views expressed today. Further information regarding risks and other risks and uncertainties is included in the company's Form 20-S 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 payments except as required under the applicable law. Please also note that earnings questionnaires and discontents calls include discussion of unauthenticated tax financial information as well as unaudited non-GAAP financial measures. 5.1 Talk's press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures. I'll now turn the call over to our CEO, Jack Wang.

Jack, please go ahead. Jack Wang Thank you, David. Hello, everyone. Thank you for joining our conference call today. Our growth continued in the third quarter with growth feelings coming in at the high end of the guidance. During the quarter, we focused on our growth activities in our selected markets where we see high potential and benefit from early mover advantage. In fact, we have continued to localize our material to adapt to the local audiences. Although we are still very much in the expansion mode, we are achieving positive cash flow. Our cash increased by US dollar 1.2 million compared to the previous quarter. We remain committed to our sustainable growth approach. In terms of technology, we focus on how innovative AI can firstly further enhance our products through more personalized and interactive functionality to help our customers practice in a more engaging way. Secondly, we deploy generated AI to empower our service teams to guide our students and their parents more effectively through the course cycle. We equally use large batch models to enhance our curriculum by creating more personalized, adaptive course materials. With that, I will now turn the call over to Cindy, our CFO.