Kingsoft Cloud Holdings Limited

Good day and thank you for standing by. Welcome to Kingsoft Cloud's first quarter 2024 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 would need to press star 1, 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1, 1 again. Please be advised that today's conference call is being recorded. I would like now to turn the conference over to Nicole Shawn, IR Director of Kingsoft Cloud. Please go ahead.

NICOLE SHAUN, Thank you, operator. Hello, everyone, and thank you for joining us today.

Kingsoft Cloud's first quarter 2024 earnings release was distributed earlier today and is available on our IR website at ir.ksyun.com, as well as on Global News Warehouse Services. On the call today from Kingsoft Cloud, we have our Western Man and CEO, Mr. Zhou Tao, and the CFO, Mr. Henry He. Mr. Zhou will review business strategies, operations, and company highlights, followed by Mr. He, who will discuss the financials and the guidance. He will be available to answer your question during the Q&A session that follows. There will be consecutive integrations. All integrations are for your convenience and reference purpose only. In case of any discrepancies, management in the original language will prevail. 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 1995. These forward-looking statements are based on management's current expectations and current market and operating conditions, and they 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 these and other risks, uncertainties, or factors are included in the company's findings with the U.S. SEC. The company does not entertain any obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required under applicable law. Finally, please note that unless otherwise stated, all financial figures mentioned during this conference call are denominated in RMB. It's now my pleasure to introduce our Vice President, Vice Chairman and CEO, Mr. Zou. Please go ahead. Thank you.