Kandi Technologies Group, Inc.

Greetings and welcome to Candy Technologies second quarter 2022 financial results call. At this time, all participants are in a 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 and then zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to the IR manager, Kiwa Luo. Please go ahead.

Thank you. Hello, everyone. Thank you for joining us today to discuss Candice's results for the second 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 Newswire Services. On the call with me today are Mr. Hu Xiaoming, Chief Executive Officer, and Mr. Alan Lin, Chief Financial Officer. Mr. Hu will deliver prepared remarks in Chinese, which I will then translate. After that, we will have a Q&A 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 the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public filings 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 call today are in U.S. dollars. With that, let me now turn the call over to our CEO, Hu Xiaoming. Go ahead, Mr. Hu. Hello.

Despite the repeated conflicts with Russia due to the epidemic, the economic environment is facing many challenges, but our team still achieved some results through hard work. In the second quarter, due to the long-term closure of major cities, especially Shanghai, China has exposed its unprecedented supply chain shortage. Despite these disadvantageous factors, the management of the company is still in a difficult position. Our business, according to the current Thank you, Kewa.