Cheche Group Inc.

Good morning and welcome to the CHACHA group's fourth quarter and 2024 results call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Crocker Colson, Investor Relations for Chaichung Group. Mr. Colson, the floor is yours.

Thank you so much, operator. Good morning, everyone, here in the U.S. Good evening to those of you joining us from Asia. And thanks to all of you for joining us to review Checha's 2024 fourth quarter and full year results. This morning, Checha posted both the earnings release and a related investor presentation to our website, which you can find at ir.chechagroup.com. I'm pleased to say that with me on the call today are Lei Zhang, Checha's founder and chief executive officer, and Sandra Gee, Checha's chief financial officer. After their prepared remarks are concluded, we're going to open up this call to your questions. But before we begin, some statements in this teleconference are for looking within the meaning of federal securities laws. Although we believe these statements are reasonable, we can provide no assurance that they will prove to be accurate because they are perspective in nature. Actual results could differ materially from those that we discussed today. So we encourage you to review the most recent filings with the SEC for the risk factors that could materially impact our results. As I mentioned, the earnings release is available on ir.chechegroup.com, and we encourage you to review the reconciliations of certain non-GAAP measures contained within. With those formalities now out of the way, it's my pleasure to turn the call over to Lei Zhang, Chief Executive Officer. Lei, take it away.

Thank you, Carl. Greetings, everyone. Thank you for joining us today to review Churchill Group fourth quarter and the full year 2024 results. I am pleased to report the Churchill Group continues to perform positively in the rapid involving insurance life gap, driven by the increasing relevance of new energy vehicles. Our expanding partnerships and technological advancements within our platform. Overall, China's NEV sector is seeing continued momentum with penetration rates hovering around 50% of total passenger vehicle sales. For the full year of 2024, the number of embedded Churchill policies were up 159% year-over-year to 1.1 million. with corresponding NEV writing premiums growing 128% from prior year to $452 million USD over the same period. As a leading player in this space, Churchill is well positioned to capitalize on the industry positive trends as we expand our insurance offering for NEV workers to capture renewal and policies for used workers. This is a critical step in growing our customer base and increasing our revenue streams from existing policyholders. The platform grows as the largest auto insurance technology platform by digital auto insurance transaction premiums. continues to lead the industry, providing customized systems and embedded insurance products. As we continue to block strategic partnerships and leverage our innovative solutions, our reach among the NEV manufacturers has grown to 15 as of the fourth quarter. The need for advanced technology, data-driven systems, and caster-tailored insurance products in the NEV space drives improved margins. As the NEV industry continues to match and underwriting becomes more accurate, the higher margins of our NEV policies will continue to positively shift the overall revenue mix. We continue to deepen our partnership with both traditional and NEV automakers. positioning Churchill as a key player in this space. These partnerships provide us with valuable data, insights, and access to customs that will allow us to further expand our presence and enhance our offerings. We are particularly excited about our ongoing innovation in the realm of autonomous driving. In collaboration with automakers and insurers, we are working to launch new suite of products on our independent third-party platform. Their products are designed to help provide forensic reports that connect all parties involved in an accident and assign a sliding scale of responsibility. We plan to launch selected products on a test basis in certain cities later this year. We are also incorporating AI and machine learning into our business by partnering with a leading computer model to enhance efficiency and reduce costs. Currently in development are products that focus on fraud detection in claims management and on rapidly assessing vehicle damage. which we believe will significantly improve customer experience and operation efficiency. Last month, Churchill announced that its innovative Tianmu insurance anti-fraud and risk control model has been recognized in the prestigious top 100 AI products of 2024 list, highlighting Churchill's commitment to leverage cutting-edge technology in the insurance industry. The award-winning TEMU model integrates advanced technologies such as big data, AI, and biometrics to construct an intelligent anti-fraud and risk control system. As a company, we are actively broadening our revenue streams by diversifying across different product types. with a focus on increasing our market share through more tailored and flexible policies. Additionally, we are launching new SaaS and data analytics tools to enhance the value of our technology and further improve our margins. Looking ahead, our unique insights and broad capabilities help drive a growth of the digital insurance industry. delivering great value to our partners and customers. Churchill, alongside our network of insurance companies and intermediaries, will continue to innovate the insurance tax best to offer users more personalized and cost-effective coverage options. We are proud of that what we have achieved and excited these new opportunities that lie ahead. I will now turn the call over to our CFO, Sandra. Thank you.