Jerash Holdings (US), Inc.

Greetings, and welcome to the Drash Holdings Financial Results for Fiscal 2022 First Quarter Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Roger Pondell, Investor Relations for Drash Holdings, Thank you, sir. You may begin.

Thank you, operator, and good morning, everyone. Welcome to Jurasch Holdings fiscal 2022 first quarter conference call. I'm Roger Pondell with Pondell Wilkinson, Jurasch Holdings investor relations firm. It will be my pleasure momentarily to introduce the company's chairman and chief executive officer, Sam Choi, his chief financial officer, Gilbert Lee, and Eric Tang, who leads the company's operations direct from Jordan. Before I turn the call over to Sam, I want to remind all listeners that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to numerous conditions, many of which are beyond the company's control. including those set forth in the risk factor section of the company's most recent Form 10-K and Form 10-Q as filed with the Securities and Exchange Commission, copies of which are available on the SEC's website at www.sec.gov, along with other company filings made with the SEC from time to time. Actual results could differ materially from these forward-looking statements, and Jurasch Holdings undertakes no obligation to update any forward-looking statements except as required by law. And with that, it's my pleasure to turn the call over to Sam Choi. Sam?

Thank you, Roger, and hello, everyone. Our fiscal 2022 first quarter results demonstrate excellent progress. Revenue was at a record level for the first quarter, reflecting robust shipments to our largest customers as a result of strong demand amid the reopening of the US economy. Gross profit also represents a record for the first quarter, primarily due to higher revenue and gross margin performance. Our gross margin continued to run in the high teens, reflecting increased shipment volumes and improved product mix in the first quarter. Our robust momentum is continuing further into fiscal 2022, with orders for the first nine months of the year that we believe will lead to a revenue run rate for a year that would exceed our prior record. As a result, we have increased our revenue outlook for the full year, which Gilbert will discuss shortly. We continue to advance plans to increase capacity in our existing facilities and secure additional capacity to meet our customers' demands. both by building new facilities and through leases and acquisitions. We recently announced the signing of definitive agreements to acquire both the operator of a 71,000 square feet manufacturing facility in Amman, Jordan, and the related physical premises. We expect to close this acquisition soon. Eric will provide more details in a moment. I'll now turn the calls over to Eric Tang, who is based in Jordan, and then to Gilbert Li, who will cover our financial results.