Gogoro Inc.

Welcome to the Gogoro Inc. 2024 Q3 Earnings Call. This conference call is now being recorded and broadcasted live over the internet. Webcast replay will be available within an hour after the conference is finished. I'd like to turn the call over to the Gogoro team.

Welcome to Gogoro's 2024 Q3 Earnings Conference Call, hosted by our intern CEO, Henry Jung, and CFO Bruce Aiken. Hopefully by now, you've seen our earnings release. If you haven't, it is available on the Investor Relations tab of our website, investor.gogoro.com. We are hosting our earnings conference call via live webcast through Gogoro's website, where you can also download all the earnings release materials. We will also be displaying the materials on the webcast screen as we go. If you are joining us through the conference call, your dialing lines are in listen-only mode. Bruce will begin with an introduction, and then Henry will outline our current business and future strategy. Bruce will then go into Q3 financial results, and then we will open the lines with Q&A and answer as many questions as time allows. As usual, we would like to remind everyone that today's discussions may contain forward-looking statements that are subject to risk and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements. Please refer to the forward-looking statements that appear in our press release and investor presentation provided today. Now, I would like to turn the call over to our CFO, Bruce A. Gage.

Thanks for joining our call today. We're pleased to have this opportunity to meet with you and provide a summary of our third quarter 2024 results. Q3 was challenging for GoGro, and our financial performance and stock price were impacted. We recently announced our receipt of a NASDAQ listing compliance notice, our CEO's resignation, and a government inquiry into our potential use of imported parts in two vehicle models. Before we discuss our Q3 business results, we want to update you on each of these three points. As you know, Horace Luke resigned as Go-Gro's chairman and CEO on September 13th, 2024. We appreciate Horace's vision for urban mobility and making Go-Gro's battery swapping and vehicles a reality. The board responded quickly, appointing Danlong Zheng, chairman of Run Chen Investment Holding Company and the General Counsel of Runtex Group as GoBro's new chairman of the board. The board also appointed Henry Jiang as interim CEO. Prior to his new CEO role, Henry had been at GoBro for more than six years where he founded and led our GoShare business and most recently led our Taiwan business. According to NASDAQ listing rules, all companies must maintain a $1 per share average closing price of the company's common stock over a consecutive 30-day trading period. We were notified of our noncompliance by the NASDAQ on October 29th and issued a press release on November 1st in accordance with NASDAQ requirements. Under NASDAQ rules, GoGro has 180 days to regain compliance by achieving a closing bid price of at least $1 per share for a minimum of 10 consecutive business days. This notice has no immediate effect on the listing or trading of the company's shares on NASDAQ, nor does it impact the company's operations or financial status. We are fully committed to remaining listed on the NASDAQ and plan to take all necessary steps to regain compliance with NASDAQ's listing requirements and to regain shareholder confidence. Now I'd like to introduce you to Henry Jiang, GoGrowth's interim CEO, to give you an update on his first two months in his new role and our plans for the future.