Guardforce AI Co., Limited

Good morning and welcome to GuardForce AI's 2024 year-end conference call. Today's conference is being recorded. Ms. Natalia Rudman of Crescendo Communications, please go ahead.

Thank you, Operator, and good morning, everyone. I'd like to thank everyone for joining us today for the GuardForce AI year-end 2024 shareholder update call. Today, GuardForce AI's Chairwoman and Chief Executive Officer, Olivia Wang, and Chief Financial Officer, Catherine Zhu, and Lin Zhai, President of GuardForce AI, will be your presenters on the call. The company issued a press release this morning containing its 2024 fiscal year financial results. which is also posted on the company's website. If you have any questions after the call or would like any additional information about the company, please contact Crescendo Communications at 212-671-1020. Before we begin, I'm going to review the company's safe harbor statement. The statements in this conference call that are not descriptions of historical facts are forward-looking statements relating to future events, and as such, all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. When used in this call, the words anticipate, could, enable, estimate, intend, expect, believe, potential, will, should, project, and similar expressions as they relate to GuardForce AI are, as such, forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, which may cause actual results to differ from those anticipated by GuardForce AI at this time. In addition, other risks are more fully described in GuardForce AI's public filings with the U.S. Securities and Exchange Commission, which can be reviewed at www.sec.gov. The company makes no commitment to disclose any revisions to forward-looking statements or any facts, events, or circumstances after the date hereof that bear upon forward-looking statements. With that out of the way, I'll now turn the call over to Chairwoman and CEO Olivia Wang. Please go ahead, Olivia.

Thank you, Max, and welcome everyone to today's earning poll. 2024 was a transformative year for us, marked by operational consolidation, an improved revenue map, and a significant stride in AI innovation. I'm pleased to report that we achieved growth across key segments, and notably, our core business recorded its first operating profit since IPO, an important milestone following the challenges of the pandemic. We made meaningful progress in shifting our revenue max towards higher margin offerings, and today we save over 25,000 retail stores globally. Retail has steadily risen to become one of our top client segments. the passing of historical banking clients. Back to our strong balance sheet, we saw proximity 23.4 million US dollar in cash, cash increasement, and restricted cash. We are well positioned to accelerate our AI solution strategy. On the technology front, we advanced our robots as a service model across Asia-Pacific region, and launched Divi Go, Deep Voyage Go, our first AI-powered travel planning agent. In Parana, we established an R&D team to support the development of available AI agents. Why AI agents? We believe that AI should enhance human productivity, not just optimize for profit, but for people. In a world saturated with algorithm-driven noise, AI agents can cut through the clutter, helping users make decisions rooted in personal relevance and value. Why start with travel? Travel is deeply personal, emotionally driven, and full of decision friction. Downright, it creates lasting memories. Our goal with DVGO is not just for efficiency, but empowerment, bringing clarity, balance, and integrity to complex progress. Dirigo is our first consumer-facing application and a proof point of our border of AI platform, which is used for future expansion into SaaS and B2B, B2C use cases. Over time, we see opportunities to deploy similar AI agents in retail, education, and other consumer-facing industries. As we look to 2025, our vision is clear. AI should empower people, not replace them. Our focus will be on scaling what we build, stressing our secure logistics operations, expanding with retail and travel. Deepening in our AI R&D and extending our smart solution globally. With that, I will hand it to Lin, who leads our technology and project development. He will walk you through our AI agent strategy in more detail.