Missfresh Limited

Hello, ladies and gentlemen, thank you for standing by for MISPRESS Limited Third Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. After management remarks, there will be a question and answer session. Today's conference call is being recorded. I will now turn the call over to your host, Lingling Hu, Senior Director of Capital Markets for the company. Please go ahead, Lingling.

Thank you. Hello, everyone, and welcome to Miss Fresh third quarter 2021 earnings conference call. Our financial and opt-in results were issued via Newswire services earlier today and are available online. You can also visit the earnings press release by visiting the IR section of our website at ir.missfresh.cn. Participants today will be Mr. Zheng Xu, our founder, chairman, and CEO. and Ms. Katherine Chen, Chief Financial Officer. Management will begin with 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 Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding this and other risks and uncertainties is included in the relevant public filing of the company as well as with the U.S. Securities and Securities Exchange. The company does not assume any obligation to update any forward-looking statements, except as required in the applicable law. Please also note that missed first earnings press release and this conference call include the disclosure of unannotated GAAP financial matters, as well as unannotated non-GAAP financial matters. Ms. Fresh's Earnings Price Release issue of the day contains a reconciliation of the unaudited net gap merits to the unaudited net gap merits. We also posted a presentation on our IR website, providing details on the results in the quarter. We will reference those results in our prepared remarks, but we will not refer to specific slides during this discussion. Now I will turn the call over to our founder, chairman, and the CEO, Mr. Zheng Xu.

Please go ahead.