LIZHI INC.

Hello, ladies and gentlemen. Thank you for standing by for Leachee Inc's first quarter 2023 earnings conference call. At this time, all participants are in listen-only mode. After speak management's remarks, there will be a question and answer session. Today's conference call is being recorded. I'll now turn the call over to your host, Effie Kang, head of capital market for the company. Please go ahead.

Thank you very much. Hello, everyone, and welcome to Li Zhi Inc's first quarter 2023 earnings conference call. We released our financial and operating results via newswire services earlier today, and they are available online. Participants on today's call will include our founder and CEO, Mr. Marco Lai, our COO, Mr. Ze Long Li, and our acting CFO, Ms. Chen Fang Lu. Mr. Li and Ms. Lu will begin with prepared remarks. and the call will conclude with a Q&A session. As a reminder, this conference is being recorded. In addition, our earnings highlights presentation and a webcast replay of this conference call will be available on the IR section of our website at ir.leach.fm. Before we continue, please note that today's discussions will contain forward-looking statements made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements technically contain words such as may, will, expect, target, estimate, intend, believe, potential, continue, or other similar expressions. Forward-looking statements involving heavy risks and uncertainties The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to be prematurely from those projected or anticipated, many of which factors are beyond our control. The company is affiliated with advisors, representatives, and underwriters do not undertake any obligation to update this forward-looking information, except as required under the applicable law. Please also note that Li Zhi's earnings press release and this conference call include discussions of unaudited gap financial measures as well as unaudited non-gap financial measures. These refer to Li Zhi's earnings press release for reconciliation of unaudited non-gap measures to unaudited gap measures. I will now turn the call over to our COO, Mr. Zilong Li. Please go ahead.

Hello, everyone. I would like to thank everyone for attending the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of and continue to address the global strategic layout. In this quarter, the company's revenue has increased by 22% to RMB63.1 billion. The total number of monthly active users on the platform is 49.6 million. The monthly paid users are 47.15 million. While the first quarter of 2023 marked a fresh start,