51Talk Online Education Group

Hello, ladies and gentlemen. Thank you for standing by for 51 Talk Online Education Group's first quarter 2025 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 first quarter 2025 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 US 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. 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. Five One Talk's press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures. I will now turn the call over to our CEO, Jack Wang. Jack, please go ahead.

Okay. Thank you, David. Hello, everyone. Thank you for joining our conference call. Our first quarter growth billings increased by 74.6% compared to the same period last year, highlighting the progress we've made and the robustness of our business model. We remain confident in the sustainable growth trajectory of our operations. Looking ahead, we are encouraged by the positive momentum in the second quarter, Breakthroughs in our existing markets are driving results and we are seeing promising early returns from our strategic investments in new regions. We are establishing leadership positions in many of our core markets and are confident that Our model is well equipped to outperform in incumbents in mature markets that sees first mover advantage in emerging ones. Education continues to be an operationally intensive sector and we are proactively addressing the complexities of managing growing multi-market to support this expansion We have taken deliberate steps to optimize our organizational structure, accelerate AI training and adoption company-wide, and deepen user engagement to foster stronger connections with our community. We are excited about the future of our company and remain steadfast in our commitment to delivering long-term value to our shareholders, students, and partners. With that, I will now turn the call over to Cindy Tang, our CFO.