Kandi Technologies Group, Inc.

Thank you, Operator.

Hello, everyone. Welcome to Candy Technologies Group, Inc.'s second quarter of 2020 earnings conference call. The company released the results earlier today, and the press release is available on Candy's website at www.candyvehicle.com. With us today are Mr. Hu Xiaoming, Candy's founder, chairman, and chief executive officer, and Ms. Alan Lin, chief financial officer. who will deliver prepared remarks followed by a question and answer session. Before we get started, please note that today's discussions will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Mitigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public findings with the SEC. The company does not assume any obligation to update any forward-looking statement except as required on the applicable law. As a reminder, this conference call is being recorded. An audio webcasting of this conference will be available on Candidate's Investor Relations website. I will now turn the call over to Candidate's founder, chairman, and CEO, Mr. Hu Xiaoming.

Thank you, Kewa. Hello, everyone. Welcome to our phone call. The pandemic has caused a decline in demand. Our performance in the second quarter is still pleasing. We achieved a profit of $4.1 million. The net profit increased from 17.4% in the same period in 2019 to 18.2% in June. Due to the company's hard work, Conti is making progress and gradually gaining a strong position. In the second quarter, we made a lot of efforts to prepare for the sales of networked vehicles and American electric vehicles. Now we have seen some major progress in the field. Our all-autonomous automatic transmission system was delivered to the Haikou networked vehicle operator on February 2. The installation is now complete and will soon be put into operation. In the government's strong support for the mode of transmission, will be the first company to establish an electric charging station. Under the favorable conditions, we believe that the electric charging station will be affected by the market and will drive the sales of our electric vehicles. Second, we will maintain a separate company in the United States Thank you very much. Thank you, Kewa.