51Talk Online Education Group

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

Hello, everyone. and welcome to the second 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, 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 Litigation 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. 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 gap financial information, as well as unaudited non-gap financial measures. 5.1 Talks press release contains a reconciliation of the unaudited non-gap measures to the unaudited most directly comparable gap measures. I'll now turn the call over to our CEO, Jack Wang. Jack, please go ahead. Thank you.

Hello, everyone. Thank you very much for joining our conference for today. We have achieved strong growth in Q2, exceeding our guidance, and anticipate sustained momentum in the four-year-old future, as reflected in our Q3 guidance. Our strategic investment across a diverse portfolio of markets are yielding positive results, propelling us towards our objective of becoming a globally leading asset company. Through our localization efforts, we have gained a deeper understanding of individual markets, allowing us to meet specific local needs. This approach has improved our product market fit. Additionally, we actively explore new market opportunities that align with our strategic direction and existing product offerings. Our strategy hinges on our global expansion based on local needs and platform strengths enabled by AI. We make targeted investments to enhance team efficiency and the local customer experience, aiming to drive higher retention rates, and more customer referrals. With that, I will now turn the call over to our CFO, Cindy Tang.