Jerash Holdings (US), Inc.

Good morning, everyone. Welcome to Jurash Holdings Fiscal 2025 Fourth Quarter and Full Year Financial Results. At this time, all participants are in a listen-only mode and the floor will be open for questions following the presentation. If anyone should require operator assistance during this conference, please press star zero on your phone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Roger Pondell, Investor Relations. Roger, the floor is yours.

Jenny, thank you so much. Good morning or afternoon, everyone, wherever you may be. I'm Roger Pondell, Jurasch Holdings Investor Relations firm, and welcome to the 2025 Fourth Quarter Conference Call. On the call today from the company, our Chairman and Chief Executive Officer, Sam Choi. 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 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 for in the risk factors section of the company's most recent form, 10-K, 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 filings made with the SEC from time to time. Actual results could differ materially from these forward-looking statements in Jurasch Holdings, undertakes no obligation to update any forward-looking statement except, of course, as required by law. And with that, it is my pleasure to turn the call over to Sam Choi. Sam?

Thank you, Roger. We continue to see strong demand from our existing customers and a notable increase in new inquiries from brands and large apparel manufacturers seeking strategic collaboration. While this is an exciting time for the rest on the business front, revenue remains affected by logistic disruptions at Israel's hyper-prime, driven by ongoing geopolitical instability in the region. Our fiscal fourth quarter revenue increased by nearly 36%, yet results were lower than originally anticipated. We estimated approximately three to four million of finished goods not shipped until early in the fiscal 2026 first quarter. To mitigate further shipping delays due to the recent bombing of the Haifa port, we are actively collaborating with our customers to reroute shipments through Jordan's aquifer port. As recently announced, Jurassic secured a major initial order for one of the largest U.S.-based multinational and omni-channel retail corporations through a strategic collaboration with Hansel Textile, a leading South Korea-based global apparel group that supplies a wide range of garments to major international retail and fashion brands. Production for the order, which marks one of the largest initial orders in Gerrard's history, is scheduled to begin in August, with FOB delivery planned for the third and fourth quarters of 2025. Following this initial order, it is both our and Hansel's mutual intention to explore additional synergies and identify opportunities for continued growth and collaborations. Amid ongoing tariff uncertainties, global brands are actively seeking manufacturing alternatives out of China and Southeast Asia to stay competitive in an increasingly dynamic trade environment. With long established operations in Jordan and our reputation for high quality, Durash is well positioned to meet this growing demand supported by the country's free trade agreements with the EU, UK and Canada, as well as the favorable tariff treatment currently in place from the US. Due to rising demand for our production capacity directly from global brands, we have decided to terminate the joint venture with Prusenda after more than two years of limited progress. The solution of the joint venture is expected to be done by April 2027, upon fully completion of outstanding customer orders, collection of receivables, and other matters. Our focus is now on further advancing Jerez's goal of diversifying our direct customer base and expanding our product mix to increase year-round capacity utilization and reduce revenue seasonality. I will now turn the call over to Eric Tang, who is in charge of our operation in Jordan. Hi, Eric. Thank you, Sam.