KANZHUN LIMITED

Ladies and gentlemen, thank you for standing by and welcome to CanChun Limited first quarter 2026 financial results conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be question and answer session. Today's conference is being recorded. At this time, I'd like to turn the conference over to Ms. Laura Chen, senior manager of investor relations. Please go ahead, ma'am. Thank you, operator.

Good evening and good morning, everyone. Welcome to our first quarter Tudon 26 earnings conference call. Joining me today are our founder, chairman, and CEO, Mr. Jonathan Peng Zhao, and our WCFO, Ms. Wenbei Wang. Before we start, we would like to remind you that today's discussion may contain forward-looking statements, which are based on management's current expectations and observations that involve known and unknown risks, uncertainties, and other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different. The company cautioned you not to place undue reliance on forward-looking statements and did not undertake any obligation to update this forward-looking information, except as required by law. During today's call, management will also discuss certain non-GAAP financial measures for comparison purposes only. For definition of non-debt financial measures and the reconciliation of debt to non-debt financial results, please see the earnings release issued earlier today. In addition, a webcast replay of this conference call will be available on our website at ir.jupin.com.

Hello everyone, welcome to our first quarter 2026 earnings conference call.