Yeahka Limited

Ladies and gentlemen, good day and welcome to ECA Limited 2025 Annual Results Announcement Call. At this time, all participants are in a 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'll now pass the call to Mr. Vincent Chen, Head of Corporate Development and Capital Markets of ECA. Please go ahead, sir.

Thank you, and hello, everyone. Welcome to ECAS 2025 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 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. 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 the floor for questions. Without further ado, I will now turn the call over to Luke.

Thank you, Vincent. Hello, everyone. In 2025, we reached our product line and commercialization to a new level. Core EBITDA rose 52.7% year-over-year. This extended the rise of around 50% in 2024 versus 2023 in core EBITDA. Sorry. Overseas expansion delivered another year of exponential growth. AI much more embedded into e-commerce. Organizationally, we have a core competitive advantage in having a full stack technical architecture over a wide range of products. That provides a structurally flight ground for AI to penetrate and scale up productivity last year, and in turn, increase our competitiveness in the long run. Our products, serving, and brand names became more popular to clients globally. All these are testaments to our core advantage in innovation. and our digital ecosystem, hiding value based on but beyond payment. We scale each of our business with much higher quality. Our technology adoption also continues to raise revenue and break down costs significantly. With this setup, We are better positioned to deliver long-term sustainable growth. First of all, we had a lot of big year of success in overseas markets with GPV over four times over the last year. The merchant acquiring sector is big globally with over $30 trillion in volumes. in 2024 according to the industry's report. The markets are also fragmented, particularly in their part of the world. Many bottlenecks are still across verticals not satisfied with existing players. Our dedicated team of experts plays locally focused on solving these, adding values with our products and service innovation. We see increasingly large room to grow and expand our propositions overseas. Therefore, with our current trajectory overseas will be a significant contributor to our earnings in the foreseeable years to come. And on top, We continue to obtain more license channels and launch more products, services for delivery of extra growth. Our other strategic focus is application of AI externally for customers and internally to enhance our operating efficiencies. For customers, we have launched a wide series of products. In payment, we provide merchant with apps to better monitor frauds on mobile and serve their inquiries more automatically. In value-added services, we provide customers with digital humans in live stream marketing, sharing their stories across regions instantly. We provided merchant AI tools to manage their online channels and traffic flow more efficiently. And lately, we also developed AI Shop to help F&B and retail merchants easily create digital interfaces and serve customers. Just like a real human reader, or salesperson. The results are customers more engaged, sales conversion increased for merchants, fewer personnel needed, and cost saved. Internally with e-car, we have also scaled up AI usage to drive sales, administration, and R&D efficiencies. Firstly, instead of programming enhancement, we have also launched fully automatic AI-driven product development lines, including code generation and end-to-end testing being automated. This hugely reduces the time of our product development and launch cycle. Secondly, through development of tools. Operating under the light of OpenClaw, we have automated mailing routing day-to-day operational tasks from data analysis to customer and operational review. So we can address customers' demands more precisely and more easily and earlier and free up personnel for other high-value strategic work. ECAP's full-stack technical architecture laid a great foundation for AI to scale in each of our services and operating practice and shared synergies across our organization more effectively. Looking ahead, in our domestic markets, will continue to maintain market leading position, increasing commercialization. The successful experience accumulated will help our global expansion faster and efficiently, leveraging our proven operating model and talenting overseas. We'll enter more markets and provide more products and strengthen such network effects globally. As a full-stack technology platform, AI will drive further value added services to our customers to help increase revenue, reduce costs, and improve efficiency. AI will deeply integrate into the entire business system to deliver tangible value. This strategy will strengthen the company's long-term profitability and continue to create great value for all shareholders. As such, may I pass to Vince to give you a detailed business review? Thank you.