Ispire Technology Inc.

Hello, everyone, and welcome to iSpire Technologies' earnings conference call for the fourth quarter and full year for fiscal 2025. I would now like to introduce Phil Carlson from KCSA Strategic Communications. Please go ahead, sir.

Hello, everyone, and welcome to iSpire Technologies' earnings conference call for the fourth quarter in fiscal year 2025 and June 30, 2025. At this time, I'd like to inform you that this conference call is being recorded and that all participants are in a listen-only mode. All of the company's prepared remarks will be facilitating a question and answer session. Joining us today are Mr. Michael Wong, the company's co-CEO, and Mr. Jay Yu, the company's CFO. Mr. Wong will start by reviewing the company's key fiscal fourth quarter and full year 2025 financial results and recent corporate highlights. Mr. Yu will then discuss the company's financial results in greater detail. Before I begin, I would like to remind you that this conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in its announcement are forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the company in terms of its experience and perception of historical trends, current conditions, and expected future developments, as well as other factors that the company believes are relevant. These forward-looking statements involve known and unknown risks and uncertainties, and many factors could cause the company's actual results or performance to differ materially from those expressed or implied by the forward-looking statements. Further information regarding this and other risk factors are included in the company's filings with the SEC. The company undertakes no obligation to update forward-looking statements to reflect subsequent or current events or circumstances or to changes in its expectation except as may be required by law. I will now turn the call over to Mr. Wang. Mr. Wang, please go ahead.

Thank you, Phil. And welcome to everyone who has joined us today. I'm pleased to be here reviewing our fiscal fourth quarter and four-year 2025 results and the recent corporate highlights. Fiscal year 2025 was a pivotal period for iSpire. we made important strategic decisions to position iSpire for sustainable long-term growth and executed on this transformation across several areas of the iSpire business. While our revenue declined during the fourth quarter and four year 2025, this was due to our strategic pivot away from the cannabis industry to focus more on the higher value nicotine sector. This intentional shift reflects our disciplined approach to building a more sustainable and profitable business model. We have been selective in our cannabis operations while simultaneously investing in our nicotine manufacturing capabilities. This includes scaling up our production in Malaysia. Additionally, our investments in breakthrough technologies like iCag and our G-Mesh technology are beginning to gain significant traction with the interest from major tobacco companies, positioning us well for future growth as we move through the regulatory approval process.