Missfresh Limited

Hello, ladies and gentlemen. Thank you for standing by for Miss Fresh Limited Center 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's three months, 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, Lingling Hu, Senior Director of Finance and Financing of the company. Please go ahead, Lingling.

Thank you. Hello, everyone, and welcome to Miss Fresh second quarter 2021 earnings conference call. Our financial and operating results were issued via Newswire services earlier today and are available online. You can also view the earnings press release by visiting the IR section of our website at ir.missfresh.cn. Participants on today's call will be Mr. Zheng Xu, our founder, chairman, and CEO, Mr. Jun Wang, and Ms. Katherine Chen, our co-chief financial officers. Management will begin with the prepared remarks, and the call will conclude with a Q&A session. As a reminder, this conference is being recorded. A webcast replay of this conference call will be available on the IR section of our website. 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 Securities Mitigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the comments' results may be materially different from the views expressed today. For the information regarding this and other risks and uncertainties, as included in the relevant public filings of the company, as filed with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Please also note that MISFRA's earnings press release and this conference call include disclosure of the unaudited GAAP financial measures, as well as non-GAAP financial measures. Ms. Fresh's earnings press release, issued earlier today, contains a reconciliation of the unaudited non-GAAP merits to the GAAP merits. We also posted a slide presentation on our IIR website, providing details on our results. We will refer those results in our prepared remarks, but not refer to specific slides during today's discussion. I now turn the call over to our founder, chairman, and CEO, Mr. Zheng Xu.

Please go ahead.