51Talk Online Education Group

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

Hello, everyone. and welcome to the second quarter of 2025 Earnings Conference Call of Five Fund Talk. The company's results were issued via News 5 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.fivefundtalk.com. Mr. Jack Wang, 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 a 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. 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 its content score include discussion of unaudited gap financial information as well as unaudited non-gap financial measures. FIFO Talks Press Release contains a reconciliation of the unaudited non-gap measures to the unaudited most directly comparable gap measures. I will now turn the call over to our CEO, Jack Wong. Jack, please go ahead.

Thank you, Teddy. Hello, everyone. Thank you very much for joining our conference call today. Q2 2025 has been a strong quarter for us. The ghost billing exceeded our guidance, reflecting healthy demand and disciplined execution. We expect this positive momentum to carry into the second half of 2025. Our third quarter guidance reflects our confidence in the company's trajectory. We have also deepened our investments in enhancing user experience and service quality. We believe these initiatives will strengthen our competitive position and create durable long-term value for our shareholders. AI remains integral to our strategy and operations with applications spanning across the company. We remain steadfast in our commitment to developing robust infrastructures and systems necessary to embed AI across our products and processes. with the objective of delivering exceptional learning experience to our students at scale. With that, I will now turn the call over to Cindy, our CFO.