Yeahka Limited

Ladies and gentlemen, good day and welcome to EECA Limited 2025 Interim Result Announcement Call. At this time, all participants are on a listen-only mode. After management prepared remarks, there will be a question and answer session. Please be advised that today's conference is being recorded. I'll now pass the call to Mr. Vincent Chan, Head of Corporate Development and Capital Markets of EECA. Please go ahead, sir.

Thank you and hello, everyone. Welcome to ECAS 2025 Interim 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 comes from a variety of sources outside of ECAS control. Please refer to our disclosure documents on our website's IR section. for a detailed discussion of risk factors. Now, let me introduce the management team on today's call. Luke Liu, our founder, chairman, and CEO, will kick off with a short overview. I will then provide a business review. John Yao, our CFO, will conclude with a financial review translated by Derek Lai, our director of finance, before we open up the floor for questions. Without further ado, I will now turn the call over to Luke.

Thank you, Vincent. Hello, everyone. Our results in the first half of 2025 clearly demonstrate our technological advancement and product capabilities. Strengthen commercialization of our business model and capabilities of our global business. Our international operations continued to deliver stellar growth and served more global branded clients with diversified payment and value-added services. Our AI efforts drove further measurable results in client production, adoption, and innovation. Our in-store e-commerce business achieved profitability and is well positioned to deliver more returns to our group, compared to the first half last year, but delivered a stronger top line, higher efficiencies, lower operating costs, and of course, much higher bottom line growth rate for our shareholders. This solidifies our market leading position to leverage our core product expertise, global footprints and borderless applications for merchants and consumers, and better capture opportunities under the rapid digital currency evolution around the world. Our international business sits at a large milestone with 1.5 billion transaction values in the first half of this year, already exceeding the full year in 2024, and is poised to deliver multiples of growth as we finish this year. Our higher growth builds on our multiple internationalization strategy. First, we expanded into other global major economies, such as the U.S. with an attrition into the state level, as well as with Japan with license applied across the nation. Second, with different support to other global financial payment players, like HSBC, to bring synergies on an international basis. will leverage best practice based on decades of industry experience and selectivity applied to each overseas market to bring additional value. In fact, our core overseas advantages lies in our capabilities to serve not only Chinese or cross-border clients. but also domestic merchants and consumers based on local preference. All these factors will triangulate and continue translating into more global clients, benefiting more merchants and consumers in each overseas market locally and cross-border. Our product innovation provides a rather solid roadmap. In 2025, our AI-generated digital human videos revolutionized the marketing industry. First, with optimized integration, we used shorter time, lower cost to generate higher volume of good quality marketing videos and images. Second, we co-created use cases spearheading logic-sharing sessions with platform counterparts like ByteDance. In fact, we were ByteDance's first partner in their usage of digital humans in their public domain. Thirdly, we expanded wordiness adoption and won new clients like JD and Kaiso e-commerce all this from virtuous cycle of intelligent commercial ecosystem and would drive our growth in AI related transaction volume which is growing at 40% month on month at the moment so did our one-stop payment services grow healthily it delivered more robust revenue, profit, and cash flow in the first half of this year. We concentrated on operational excellence and achieved higher fee rates and margin in mainland China. Through widening distribution network, more dynamic pricing, and increased focus on customers, with higher profitability. And the fee rates, margins, and average transaction volume per merchant overseas are multiple times higher than those in mainland China. With our overseas business still at an early stage contributing to just 4% of the payment gross profit, I'm confident it would continue to grow attractively. Beyond payments, our merchant solution business in particular, our precision marketing transaction volume will reach a record high in the first half of this year. We expanded coverage to leading enterprises in more industry verticals and maintain higher market share serving the key customers of products. including roles driven by AI continue to drive customers' thickness and growth. After our strategic upgrade implemented last year, our in-store e-commerce solutions also started to deliver profits month over month in the second quarter of this year, setting a foundation for higher quality growth in future. Our focus on large-scale, higher-margin customers, expansion in key cities, and increased connection with platforms to boost customers' network extension all contributes to quality client acquisition and retention. This provides support to better consumption experiences. both locally and abroad, where we've already been replicating our business model overseas. So across all our business segments, our results in the first half of 2025 exemplify early progress of our core strategy in products, investments, increased commercialization amongst payment other wide-ranging technology services, and replication of roles to marrying more merchants in the rest of the world. This long-term vision will continue to drive myself and everyone at EECA. With dedicated execution and a restless approach to excellence, we are very well positioned to lead an industry and deliver more to our shareholders. Along this way, may I pass to Vincent to give a detailed business review.