EHang Holdings Limited

Good day, ladies and gentlemen, and thank you for standing by. And welcome to the IEH and Second Quarter 2022 Earnings Conference Call. As a reminder, we are recording today's call. Now, I will turn the call over to Giulia Crian, Managing Director of the Bush Group of Asia. Here I affirm. Ms.

Crian, please proceed. Hello, everyone.

Thank you all for joining us on today's conference call to discuss the company's financial results for the second quarter of 2022. The earnings release is available on our website as well as from Newswire Services. Please note the conference call is being recorded and the audio replay will be posted on the company's IR website. Today, Yi Hao management team, which include Mr. Hu Huazhi, chief executive officer, Mr. Xing Fang, chief operating officer, and Mr. Richard Liu, chief financial officer, will successfully give the prepared remarks. Remarks delivered in Chinese will be followed by English translation. All translation is for convenience purposes only. In the case of any discrepancy, management's statement in the original language will prevail. A Q&A session will follow afterwards. Before we continue, please note that today's discussion will contain forward-looking statements made in pursuit to the safe harbor provision of the U.S. Private Security Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public filing with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under Capable Law. Also, please note all the numbers present are in RMB and are for the second quarter of 2022, unless stated otherwise. With that, let me now turn the call over to CEO, Mr. Hu Huazi, Please go ahead, Mr. Hu.