51Talk Online Education Group

Hello, ladies and gentlemen. Thank you for standing by for 51 Talk Online Education Group's first quarter 2024 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.

Thank you. Hello, everyone, and welcome to the first quarter 2024 earnings conference call of 5.1 Talk. The company's results were issued by 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 Huang, our CEO, and Ms. Cindy Tang, our CFO, we'll 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 US Private Securities Mitigation 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. 51 talks press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most correctly comparable GAAP measures. I will now turn the call over to our CEO, Jeff Vaughan. Jeff, please go ahead.

Thank you, David. Hello, everyone. Thank you for joining our conference call today. Our business momentum continued in the first quarter of 2024, driven by our diversified portfolio of markets, driving us to exceed the high end of the guidance. We have observed significant returns on our earlier investments. particularly our branding activities were supportive to increase our student base. We remain confident in our capability in delivering our quality growth. Our over 46,000 quarterly active students, along with numerous participants in free trials, provide us with a substantial pool of potential demand. We have developed new products tailored to their needs, such as test preparation programs for school enrollments. During this quarter, we formally established our AI Research Institute to explore how the latest technologies can enhance our user experience and operational efficiency. We have begun using AI to customize learning progress reports for customers and conduct interviews and trainings for our teachers. With that, I will now turn the call over to Cindy, our CFO.