LIZHI INC.

Hello, ladies and gentlemen. Thank you for standing by for Li Zhiying's third quarter 2023 earnings conference call. Please note, all participants are in listen-only mode now, and today's conference call is being recorded. I'll now turn the call over to your host, Effie Kong, head of capital markets for the company. Please go ahead.

Thank you very much. Hello, everyone, and welcome to Li Zhi Inc's third 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, and our acting CFO, Ms. Chen Fanglu. Management will begin with prepared remarks. Introducing Business Development and Financial Performance in the Third Quarter. As a reminder, this conference is being recorded. In addition, 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 differ materially from those projected or anticipated, many of which factors are beyond our control. The company, its 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 gap financial measures as well as unaudited non-gap financial measures. Please 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 founder and CEO, Mr. Marco Lai. Please go ahead.

Hello, everyone. Thank you for attending Leeds' third quarter conference in 2023.