51Talk Online Education Group

Hello, ladies and gentlemen. Thank you for standing by for 51 Talk Online Education Group's second quarter 2026 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 second quarter 2026 earnings conference call of Five One Talk. The company's results were issued by NewsWise 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.fiveonetalk.com. Mr. Jiajia 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. The company does not assume any obligation to update any forward-looking statements except as required under the applicable law. The police also notes that earnings press release and this comment's call include discussion of unaudited gap 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 will now turn the call over to our CEO, Jiajia Huang. Jack, please go ahead.

Thank you, David. Hello, everyone. Thank you very much for joining our conference call today. Gross billings for the second quarter reached US$39.3 million, once again exceeding the high end of our guidance announced in June 2026 and representing a growth of 38.1% year-over-year. Demand across our key markets remains robust. We generated 4.9 million US dollars of net operating cash inflow during the quarter. On July the 1st, we launched our next generation learning product, Global Communicator, built with our strategic partner, Oxford University Press. The world students learn in, the characters they meet, and the lessons themselves are all generated end-to-end by our AI-powered content production platform. The same platform will power new regions, new languages, and even new subjects. It is the foundation for what we build next. Our priority for the remainder of 2026 is to sustain healthy growth by building on last year's success. following an exceptionally strong quarter in Q3 2025, we are investing more efficiently in the third quarter of 2026, moving us toward profitability and a long-term shareholder value. With that, I will now turn the call over to Cindy, our CFO.