LexinFintech Holdings Ltd.

Good day and thank you for standing by. Welcome to Le Sing FinTech first quarter 2024 earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 11 on your telephone. You'll then hear an automated message advising your hand is raised. Please be advised that today's conference is being recorded. I'd now like to hand the call over to Mandy Tong, IR Director of Le Sing. Please go ahead.

Thank you, Desmond. Good morning and good evening, everyone. Welcome to Le Sing's first quarter 2024 earnings conference call. Our results were issued earlier today and can be found on our IR website. Joining me today are our CEO, Jay Hsiao, CRO, Arvin Chow, and CFO, James Jones. Before we get started, I'd like to remind you of our safe harbor statement in our earning press release, which also applies to this call. During the call, we may refer to business outlook and forward-looking statements, which are based on our current plans, estimates, and projections. The actual results may differ materially, and we undertake no obligation to update any forward-looking statements. Last, unless otherwise stated, all figures mentioned are in RMB. Jay will first provide an update on our overall performance. Arvind will discuss risk management updates. Lastly, James will cover the financial results in more details. I will now turn the call over to Jay His remarks will be in Chinese, and English translation will follow.

Hello, everyone. I am very happy to share with you the results of our business in 2025. In the current situation, we are taking a cautious business strategy. We have achieved a steady growth in performance, Hello everyone, it's my pleasure to give an update regarding our performance for the first quarter of 2024. Considering current macroeconomic environment and industry dynamics,