Microvast Holdings, Inc.

and the conference is being recorded. I would now like to turn the conference over to MicroVast Investor Relations. Please go ahead.

Thank you, operator, and thank you, everyone, for joining our update today. With me on today's call are Mr. Yang Wu, founder, chairman, and CEO, and Mr. Pat Schultz, CFO. Mr. Wu will start off with a high-level overview of the first quarter results before providing some operational and business updates. Mr. Schultz will then discuss our financials in more detail before handing it back to Mr. Wu to wrap up with our outlook and closing remarks. Ahead of this call, MicroVast issued its first quarter earnings press release, which can be found on the investor relations section of our website, ir.microvast.com. We have also posted a slide presentation to accompany management's prepared remarks today. As a reminder, please note that this call may include forward-looking statements. These statements are based on current expectations and assumptions and should not be relied upon as representative of views for subsequent dates. We undertake no obligation to revise or release the results of any revision to these forward-looking statements due to new information or future events. Actual results may differ materially from expectations due to a variety of risks and uncertainties. For more information on material risks and other important factors that could affect our financial results, please report your filings with the SEC. We may also discuss non-GAAP financial measures during this call. These measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. These non-GAAP measures have been reconciled to their most comparable GAAP metrics in the tables included at the end of our press release. After the conclusion of this call, a webcast replay will be available on the investor relations section of MicroVast's website. And now I will turn the call over to Mr. Wu for opening remarks.

Thank you.