EHang Holdings Limited

Good day ladies and gentlemen. Thank you for standby and welcome to the EHang first quarter 2023 earnings conference call. As a reminder, we are recording today's call. Now I will turn the call over to Angie, EHang's Senior Director of Investor Relations. Miss Anne, please proceed.

Hello everyone.

Thank you for joining us on today's conference call to discuss the company's financial results for the first quarter of 2023. The earnings release is available on the company's IR website. Please note the conference call is being recorded, and an audio replay will be posted on the company's IR website. On the call today, we have Mr. Hua Chi-Hu, our founder, chairman, and the chief executive officer, Mr. Xin Fang, chief operating officer, and Mr. Richard Liu, Chief Financial Officer. The management team will successfully give prepared remarks. Remarks delivered in Chinese will followed by English translations. All translation is for convenience purpose only. In the case of any discrepancy, the management statement in a regional 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 pursuant to the safe harbor provisions of the U.S. Private Securities 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 findings with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Also, please note that all numbers presented are in RMB and are for the first quarter of 2023, unless stated otherwise. With that, let me now turn the call over to our CEO, Mr. Hua Zhihu. Please go ahead, Mr. Hu. Thank you, Annie.