Kingsoft Cloud Holdings Limited

Ladies and gentlemen, thank you for standing by and welcome to the Kingsoft Cloud's first quarter 2020 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone keypad. Please be advised that this conference is being recorded today. I would now like to hand the conference over to your speaker today, Ms. Nicole Shan. Thank you. Please go ahead.

Thank you, operator. Hello, everyone, and thank you all for joining us today. Kingsoft Cloud's first quarter 2020 earnings release was distributed early today, and it is available on our IR website at ir.ksyun.com, as well as on global newswire services. On the call today from Kingsoft Cloud, We have Mr. Yulin Wang, Chief Executive Officer, and Mr. Haijian He, Chief Financial Officer. Mr. Wang will review business operations and company highlights, followed by Mr. He, who will discuss financials and guidance. They will be available to answer your questions during the Q&A session that follows. Before we begin, I'd like to remind you that this conference call contains forward-looking statements. within the meaning of Section 21E of the Security Exchange Act of 1934 as amended and as defined in the U.S. Private Security Litigation Reform Act of 1994. These forward-looking statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors. of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance, or achievements to differ materially from those in the forward-looking statements. Further information regarding this and other risks and certainties or factors are included in the company's filings with the US SEC. The company doesn't undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise except as required under the applicable law. Finally, please note that unless otherwise stated, all figures mentioned during this call are in Renminbi. It's now my pleasure to introduce our Chief Executive Officer, Mr. Yu Lin Wang. Please go ahead.

Thank you, Nicole. Thank you for attending the first financial news conference after the launch of Cloud Holdings Limited. We launched with NASDAQ on May 8th. This is an important milestone in the company's history. It is also a new starting point. Since the establishment of Cloud Holdings, we have established a strong connection with our customers through high-quality services. Now we will also work hard to return to our shareholders. Cloud Holdings is a cloud service that deepens the video and game industries, strategically arranges finance and traditional enterprises. The company is highly focused on high-quality and high-growth vertical areas. Thank you for your attention. For all the people affected by the global pandemic, we are here to ask for the deepest condolences. We will continue to support our customers and communities. In an unfavorable economic environment, the cloud services provided to us are very important for commercial development. The COVID-19 pandemic has accelerated the transformation of enterprises into digitalized and remote offices. Since the outbreak of the pandemic, many customers have been seeking more efficient and flexible cloud service deployment and technical support. This has allowed us to improve our long-term market reputation