Jerash Holdings (US), Inc.

Welcome to Jurasch Holdings Fiscal 2024 Third Quarter Financial Results. 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 that this conference is being recorded. I will now turn the conference over to your host, Roger Pondell, Investor Relations. You may begin.

Thank you, Kelly, and good morning, everyone. Welcome to Jurash Holdings Fiscal 2024 Third Quarter Conference Call. I'm Roger Pondell with Pondell Wilkinson, Jurash Holdings Investor Relations Firm. It will be my pleasure momentarily to introduce the company's Chairman and Chief Executive Officer, Samuel 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 factor section of the company's most recent Form 10-K, has filed with the Securities and Exchange Commission, and 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 Jurash 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. Before we reveal our fiscal third quarter results, I want to provide an update regarding the Middle East situation and how it is affecting the rest, which I know is on everyone's mind. As we have all been reading and seeing in the news, The geopolitical turmoil has caused supply chain disruptions throughout the region, which in return for us has delayed shipments of raw materials from Asia. We took swift and decisive action, and since December, we were able to adopt an alternative route to receive the import of raw materials through the port of Jebel Ali in United Arab Emirates. Additionally, the Jordanian Ministry of Foreign Affairs specifically reassured our team that the government is proactive in maintaining a safe and stable environment for businesses, including the protection of export sea routes. And although there was a temporary shutdown at the Haifa port exports from Jordan at both Haifa and the port of Aqaba are now flowing as normal. While revenue was significantly down for the fiscal 2024 third quarter, due in large part to the ongoing geopolitical situation and supply chain issues in the region, we were able to achieve profitability and improve the gross margins. Importantly, orders from our customers were delayed but they were not cancelled. We continue to make good progress attracting a fresh pipeline of orders from new customers with established global brands. We are particularly excited about our growth opportunity in Europe where we have gained another European-based high-end apparel brand and have begun to produce several trial orders. In addition, Vance and Dickies, both VF brands, have placed trial orders for US and European markets. These are all positive indicators for the future. I will now turn the call over to Eric Tang, who is on the ground in Jordan, to talk about our operations there. Thank you, Sam.