Dada Nexus Limited

Good morning, ladies and gentlemen, and thank you for standing by for DADA's first quarter 2024 earnings conference call. At this time, all participants are in listen-only mode. After the management's prepared remarks, there will be a question-and-answer session. As a reminder, today's conference call is being recorded. I will now turn this meeting over to your host for today's call, Ms. Caroline Dahl, Head of Investor Relations for DADA. Please proceed, Caroline.

Thank you, operator. Hello, everyone, and thank you for joining our first quarter 2024 earnings conference call. On the call today from Dada, we have Mr. Bing Fu, interim president, and Mr. Henry G. Mao, CFO. Mr. Fu will talk about our operations and company highlights. Then Mr. Mao will discuss the financials. They will both be available to answer your questions during the Q&A session. Please kindly note that Mr. Fu will give his remarks and answer questions in Chinese and the consecutive translation will be provided. In case of any discrepancy between the original remarks and the translated version, statements in the original remarks should prevail. Before we begin, I'd like to remind you that this conference call contains full looking statements. Please refer to our latest specific corporate statement in the earnings price list on our IR website, which applies to this call. Also, during this call, we will discuss certain non-gap financial measures. Please also refer to our earnings price list, which contains the reconciliation of non-gap measures to the comparable gap measures. Finally, please note that, unlike otherwise stated, all figures mentioned during this conference call are in RMB. It is now my pleasure to introduce our interim president, Mr. Fu. Mr. Fu, please go ahead.

Thank you, Caroline.