Kandi Technologies Group, Inc.

Greetings and welcome to the Candy Technologies Third Quarter 2023 Financial Results Call. At this time, all participants are in a listen-only mode. A brief 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. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kewa Luo. Kewa, you may begin.

Thank you. Hello, everyone. Thank you all for joining us on today's conference call to discuss Candice's results for the third quarter 2023. 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. Xiaoming Hu, Chairman of the Board, Dr. Xueqing Dong, Chief Executive Officer, and Ms. Alan Lin, Chief Financial Officer. Dr. Stone 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 Security 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 conference call are in U.S. dollars. With that, let me now turn the call over to our CEO, Dr. Xueqing Dong. Go ahead, Dr. Dong.

Hello, everyone. Welcome to today's meeting. Next, I would like to introduce the basic status of the company in the third quarter. After we successfully turned from losses in the first half of 2023 to profits, the company achieved continuous profits in the third quarter. This further proves that our product transformation has achieved certain results. It also confirms the strategic adjustment we have made in recent years, which has opened a new development avenue for our success in the pure electric non-track car market. Hello everyone, welcome to our conference call today.