Fitell Corporation

Good day, everyone, and welcome to FITEL Corporation's fiscal year of 2023 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please see a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on your touchtone telephone. To withdraw your questions, you may press star and two. Please also note today's event is being recorded. And at this time, I'd like to turn the floor over to Yuru Xu with Investor Relations. Ma'am, please go ahead.

Thank you, operator. Thank you all for joining us for FITEL's physical year of 2023 financial results conference call. FITEL has issued a press release announcing the physical year of 2023 financial results yesterday afternoon. A copy of FITEL's annual report on Form 20F can be found on SEC.gov. Please note that this call is being recorded live and will be available for replay. I ask that you please take a moment to review our forward-looking statements. During the call, we will be making forward-looking statements about companies' performance and business outlook. These statements are based on how we see things today and contain elements of uncertainty. For additional information concerning the factors that can cause actual results to differ materially from our forward-looking statements, please refer to our cautionary statement and risk factors stated in our annual report on Form 20-F. Joining me today on the call are the CEO of the company, Ms. Yingying Sanlu, and CFO, Ms. Jonathan Kong. I will now turn the call over to our CEO, Sam. Please go ahead.

Thank you. Thank you everyone for joining us today. I will begin today's call by providing an overview of our business performance during the fiscal year of 2023. We will then provide a detailed overview of our fiscal year 2023 financials, highlighting the financial performance of each product category. Now please turn to slide six. I'd like to briefly introduce our company for those who are new to our story. Fitout is an online retailer of quality gym and fitness equipment. We also provide other complimentary fitness service. Our mission is to build an ecosystem with a whole fitness and wellness experience powered by technology. In 2021, we've launched the following three new business verticals. First, Smart Connect equipment, which includes interactive bites and workout mirror. Second, AI power interactive platform. It is an online training content to interact with trainers, follow members, and track workout progress. Third, our Protech Fitness Club licensing, we target at health conscious customer with high disposable incomes. Now please turn to slide seven. I would like to briefly discuss our fitness brand, Mastermotion. which is a supplier of home gym and commercial strength training equipment. I emphasize on weights, bar, power reps, and et cetera. Rapid motions, it is cover the products that are similar to muscle motions, but with a strong focus on commercial items. Freetech is focused on cardio equipment, such as doing machine exercise bike and treadmill. In May 2021, we have initiated our Smart Connect equipment that includes interactive bike, treadmills, and walk-out mirrors with built-in touchscreen and training content platforms. Expect to launch in actually March 2024. We have launched our licensing business with My Steps Training Clinic in late 2021. We have helped MICEPS opening six field centers in Eastern China as of April 25th, 2022. Going forward, we are seeking opportunities to expand our licensing partnership footprint in the Asia-Pacific regions. We are also developing an AI-powered interactive platform called One Final Round, elite and customized solution which comes with pre-installed with our interactive fitness equipment, visual and trackable workout progress, personalized one-on-one remote coaching, and online and offline user participating in the training either on their own schedule or while live streaming to interact with other subscribed members. And this slide will be going to the scrolls strategy as you can see. which is that we have going to increase fitness equipment product marketing, develop of private label cardio equipment, development of gym direct mobile applications, expansion of licensing business, development of smart connect equipment and digital fitness program. And the last but not least is opportunity to explore others remedy screen. Thanks for your time. Now I'll pass on to our CFO, Jameson, who gets the financial highlights.