Yeahka Limited

Ladies and gentlemen, good day and welcome to Yeka Limited's 2023 Annual Resource Announcement Call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Please be advised that today's conference is being recorded. I will now pass the call to Mr. Ben Zhao, Board Secretary and General Manager of Corporate Development and Capital Markets for the company. Please go ahead, sir.

Hello, everyone. Welcome to EECA's 2023 Annual Results Conference Call. Before we start, we would like to remind you that this presentation includes forward-looking statements that involve a number of risks and uncertainties. Information on general market conditions come from a variety of sources outside of EECA. Now, let me introduce the management team on today's call. First, Luke Liu, our founder, chairman, and chief executive officer. will kick off with an overview of our business. I will then go through our business review. Zhang Yao, Chief Financial Officer, will conclude with a financial review before we open up the floor for questions. And Derek Lai, our Director of Finance, will translate for Zhang. I will now turn the call over to Luke.

Thank you, Ben. Good evening and good morning, everyone. 2023 was a pivotal year reflecting China's economic recovery and rebound of the domestic small and medium economy. Our commitment to an independent and scalable ecosystem that is a foundation for driving growth across our three business lines, which yielded commendable top-line growth and almost tripled profit on long-life business years. Due to the resilience of small and middle-sized offline merchants, our mainland China business remains strong while our international efforts started to show results. Now, I'll highlight the progress we have achieved in 2013. First, our one-stop payment services continue to perform well in the domestic market. throughout 2023. The consistent growth in GPV merchants and the daily transaction counts emphasized our leading position in the industry, representing a stellar performance that has surpassed the industry's growth. Through constant innovation and a channel extension, we have solidified our presence across diversity verticals. fueling the continuous expansion of our business scale. They also expanded our joint merchant acquiring services with the commercial banks to include in-depth cross-selling of SaaS solutions and digital marketing, and enhanced our developments in the digital currency electronic payment initiative. As we look ahead, our focus remains on increasing commercialization efforts, maintaining straight compliance management, growing market share, and upholding our strategy by providing SaaS digitalized solutions and digital marketing values to our merchants. Second, the significant lowering of losses and successful implementation of our aggregated multi-traffic platform optimization strategy in 2023 demonstrated the impressive resilience and potential of our historic e-commerce services. We grew our know-how, enabling us to provide comprehensive digital marketing capabilities to merchants, offer concessions to counter short-term market turbulence, leverage AI-powered tools to reduce cost and improve efficiency, refine operations for specific verticals, and integrate our payment solutions. Of these, underscores our commitment to sustainable growth, which underlines our dedication to making this business segment strong and profitable. Third, our merchant solutions have enhanced our commercialization capability in 2023, as reflected by the increasing number of active merchants. Furthermore, we rolled out the Metaverse game, Wireless, to boost merchant engagement and drive user retention rates. Thanks to our commitment to both innovation and customer centricity, moving forward, we'll continue to innovate and expand our portfolios of merchant solutions in order to grow the business line to sustainably create value. Turning to overseas market, our rapid progress in 2023 underscores our global ambitions and strategic foresight. By expanding collaborations with international partners and launching acquiring services in key markets such as Hong Kong SAR and Singapore, We have laid a solid foundation for our global expansion, including Southeast Asian markets where integrated payment services and SaaS are still underdeveloped, allowing for opportunities for penetration and monetization. Mature markets such as U.S. and Japan are also considered. We have established Yipei Singapore and Yipei America. In Singapore alone, we have served over 5,000 merchants of well-known names such as Rolex, Pullman, MCM, TWGT, Bose, Arabica, Singapore, and so on. We also serve with brands such as Starbucks, Brad's Talk, and Pizza Hut by providing our SaaS solutions to overseas companies we invested in. As we navigate through 2024, we are focusing on creating integrated payment scenarios in different local markets overseas, accelerating market localization and build strategic eye-lines with international card organizations, local regional banks, and local enterprises to capture opportunities in overseas, local, and cross-border transaction scenarios. Looking back at 2023, we have made significant progress in R&D, in technology infrastructure, Private Clouds have adopted CompanyWild, saving considerable cost compared with the traditional physical hosting in data centers and opened up for our payment partners to use. More importantly, we have used our self-developed Generative AI technology in automated programming, intelligent customer services, and in-store e-commerce business, which enhance efficiency by over 20%. A major improvement. Looking ahead, we'll focus on the adoption of large model applications in various business lines and our technology infrastructures. We're confident in using this technology to further reduce cost, increase efficiency, and explore new business models. Thank you. With that, I'll now hand the call over to Ben, who will give a detailed business review.