Jerash Holdings (US), Inc.

Greetings, welcome to Drash holdings fiscal 2023 third quarter financial results conference call at this time all participants are in a listen only mode. A 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 please note this conference is being recorded. I will now turn the conference over to your host, Roger Pondell, Investor Relations for Jurasch Holdings. You may begin.

Thank you, Operator, and good morning, everyone. Welcome to Jurasch Holdings Fiscal 2023 Third 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. its Chief Financial Officer, Gilbert Lee, and Eric Tang, who leads the company's operations in Jordan. Before I turn the call over to Sam, I want to remind our 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 factors 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 those 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 third quarter performance demonstrated the company's ability to navigate through continued challenging market conditions. the broad retail market sector. Although orders received from our major global brand customers continue to be smaller compared with last fiscal year, our team in Jordan was able to keep our facilities running at full capacity by adding supplementary production for other customers. Accordingly, we achieved record third-quarter revenue. Nevertheless, We continue to see fiscal 2023 as a transitional and opportunistic year for Juresh, while we make progress on our initiative to diversify our customer base and product mix. Since last conference call, we have successfully begun to ramp up production on orders from Timberland and Skechers, which are newer Group of Brand customers. Additionally, Test runs for our previously announced first European-based high-end apparel brand were well received, with initial shipments to begin at the end of March. Our plans to form a joint venture with Busena Apparel Group are proceeding well. We anticipate launching the venture early in our new fiscal year, giving Juresh additional opportunities to serve Busena's group of brand customers that have expressed interest in shifting their production from Southeast Asia to Jordan, which has long-standing duty-free agreements with the U.S., EU, and other countries. Additionally, we are gaining visibility into the flasher wear and technical clothing segment. Since Busana is well-known for its high-quality woven apparel production, in technical garments, active sport wear, and formal wear. Before I turn the call over to Eric, who is based in Jordan, I want to say that our thoughts and prayers go out to all of the families that were impacted by the recent devastating Turkey-Syria earthquake. I will now turn the call over to Eric Teng to talk about our operations, and Gilbert will then discuss the quarter's financial results. Thank you, Sam.