LIZHI INC.

Hello, ladies and gentlemen. Thank you for standing by for Leach's Inc's second quarter 2023 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. And I'll turn the call over to your host, Afrika, head of capital markets for the company. Please go ahead.

Thank you very much. Hello everyone and welcome to Li Zhi Inc's second 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. Zilong Li, and our acting CFO, Ms. Chengfang Lu. Mr. Li and Ms. Lu will begin with prepared remarks. As a reminder, this conference is being recorded. In addition, a web cluster replay of this conference call will be available in 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 Prohibitions of the U.S. Private Securities Litigation Reform Act of 1995 These statements typically contain words such as may, will, expect, target, estimate, intent, believe, potential, continue, or other similar expressions. Forward-looking statements involve inherent 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 differ materially from those projected or anticipated. many of which factors are beyond our control. The company's affiliates, 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 GAAP financial measures, as well as unaudited non-GAAP financial measures Please refer to Li Zhi's earnings press release for reconciliation of unaudited non-GAAP measures to unaudited GAAP measures. I will now turn the call over to our COO, Mr. Zilong Li. Please go ahead.

Hello, everyone. Thank you for joining Li Zhi's second quarter 2023 earnings conference call. In the second quarter of 2023, Leeds will continue to carry out a global development strategy with the core of live audio. Through continuous development of core technology, continuous optimization of product models, continuous improvement of user experience, and active development of a good business environment. Although facing challenges in the public environment, the second quarter of the Group's revenue has increased by 15% to RMB5.93 billion. Overall, the average number of foreign users in the mobile sector in the second quarter is 45.6 million. The total number of paid users in the month of June is 43.37 million, achieving a net profit of RMB11.6 million. Next, I will introduce the specific situation of the second quarter's business development.