Kandi Technologies Group, Inc.

Greetings. Welcome to Candy Technologies' first quarter 2022 financial results call. At this time, all participants are in the 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 Kiwa Luo Director of Investor Relations. Thank you. You may begin.

Thank you, Operator. Hello, everyone. Thank you all for joining us on today's conference call to discuss Candice's results for the first quarter of 2022. Earlier today, we issued a press release covering the results. You can find the press release on the company's website as well as from the Newswire services. On the call with me today, are Mr. Hu Xiaoming, Chief Executive Officer, and Ms. Alan Lin, Chief Financial Officer. Mr. Hu will deliver prepared remarks in Chinese, which I will then translate. After that, we will have a question and answer session. Before we continue, please note that today's discussion will contain forward-looking statements made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from 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 under applicable law. Please note that unless otherwise stated, all figures mentioned during the conference call are in U.S. dollars. With that, let me now turn the call over to our CEO, Hu Xiaoming. Go ahead, Mr. Hu.

Thank you, Kewa. Good morning to everyone in America and good evening to everyone in Asia. Welcome to today's meeting. Looking back at the first quarter, we think our business performance is still very good. We created a revenue of $25 million, which is 56% of the total growth. We have set a good start for this year. Back to last year, we used our own technology to develop new products and enter the new market to develop new products and enter the new market. Now we have seen the results of these efforts, especially in pure electricity, high-end floating cars, cross-border cars, products, supply and demand, sales performance is really good. In the year, we will also launch In February 2022, our U.S. company, The Equinox Company has signed a sales contract for a 5,000-pound pure electric high-frequency cross-border vehicle worth $29 million. On March 3, SC signed a sales contract for a 5,000-pound pure electric high-frequency high-frequency cross-border vehicle worth $39 million with more than 20 manufacturers. Tainan Control We started to build in February. In April, we officially started to produce. By the end of April, we had accumulated 778 taels from Hainan to the United States. In May, we planned to produce more than 2,000 taels to the United States. In the future, We are confident that in the field of pure electric road vehicles, we will do our best. In addition, once the Chinese electric vehicle market reaches a healthy and sustainable stage of development, we also believe that our pure electric motor vehicle project will also be pursued by the market. We are continuing to focus on innovation and innovation to improve our technology Hello everyone. Good morning to those who are in the U.S. and good evening to those who are in Asia. Looking at this quarter, I think the highlight