Jerash Holdings (US), Inc.

Greetings. Welcome to Jurash Holdings Fiscal 2026 First Quarter Financial Results Conference Call. At this time, all participants are in 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. Roger, you may begin.

Thank you, operator, and good morning, everyone, or afternoon, depending on where you are, and welcome to Jurasch Holdings Fiscal 2026 First Quarter Conference Call. I'm Roger Pondell with Pondell Wilkinson, Jurasch Holdings Investor Relations Firm. On the call today from the company are 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 everyone 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, as 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 Jurasch Holdings undertakes no obligation to update any forward-looking statements except as required by law. And with that, it is my pleasure to turn the call over to Sam Choi. Sam?

Thank you, Roger. Our fiscal first quarter performance reflects growing customer demand as companies continue to seek alternative manufacturing partners and diversify their supply chain away from China and Southeast Asia. Even with the most recently announced 15% U.S. tariffs on products from Jordan, exporting from Jordan remains significantly more advantageous compared with most other countries, especially those in Asia, with total effective tariffs raised on apparel currently ranging from 20% to more than 60%. We also made meaningful improvements in operating efficiency during the quarter. By optimizing our logistics and better production planning, we were able to reduce costs and significantly limit the need for overtime. Another key contributor to our positive performance was the return to routing raw materials imports through aquifer ports in Jordan. This shift allows shorter lead times and lower transportation costs, especially when compared to the alternative routes we had to use during the Red Sea shipping disruptions. With strong FOB orders and improved cost efficiencies, we experienced a significant turnaround in our financial performance. Operating income climbed to nearly $1 million compared with a loss of more than $800,000 in the same quarter last year. Net income also turned positive, making a solid recovery from the net loss sustained in the prior year quarter. I'm pleased to report that we have successfully completed production of the first phase of a major initial order from one of the largest US-based multinational and omni-channel retailers through our strategic collaboration with Henshaw Textile, a leading global apparel group based in South Korea. With the success of this initial order, we remain focused on identifying and pursuing additional collaborations that create mutual value and help strengthen long-term partnership. This is certainly an exciting time for Juresh. As we continue to see growing interest and increasing inquiries from global brands, at the same time, we are staying vigilant about the potential impacts of recently announced tariffs changes and the ongoing geopolitical instability in the region as we continue to plan for additional expansion opportunities to support future growth. I will now turn the call over to Eric Tang, who is in charge of our operations in Jordan. Eric.