NaaS Technology Inc.

Ladies and gentlemen, thank you for standing by and welcome to the NAS fourth quarter and full year 2022 earnings conference call. At this time, all participants are in a listen-only mode. I must advise you that this conference is being recorded today. I would now like to turn the conference over to your first speaker today, Ms Cynthia Tan, Senior IR Director. Thank you and please go ahead.

Thank you, operator. Hello, everyone, and welcome to now's fourth quarter and full year 2022 Earnings Conference Call. The company's results were issued earlier today and are posted online. Joining me today on the call are Ms. Tessie Wang Yang, our Chief Executive Officer, and Mr. Alex Wu, our President and Chief Financial Officer. For today's agenda, Ms. Wang will provide an overview of industry trends and recent performance highlights, and Mr. Wu will discuss our operating and financial results. Before we continue, I refer you to our safe harbor statement in the earnings press release, which applies to this call as we will make forward-looking statements. Also, please note that this call includes discussion of certain non-IFRS financial measures. Please refer to our earnings release, which contains a reconciliation of non-IFRS measures to the most comparable IFRS measures. Finally, please note that unless otherwise stated, all figures mentioned during the conference call are in RMB. I will now turn the call over to our CEO, Ms. Cathy Wang Yang.

Hi. Morning, everyone. I hope you are great. I'm Cathy Wang, the CEO of NAS. It's my pleasure and such an honor to share NAS's full quarter and the full year of 2022 earnings results. Discuss our recent developments with all of you. Firstly, I'd like to discuss with you the long-term trend of energy transformation as well the potentials for new energy development and the content of the global consensus on carbon neutrality. Elon Musk recently announced part three of Tesla's master plan, as you may be aware. In a nutshell, this is a plan for fully replaced traditional energy with the new one The traditional energy face issues of environmental pollution and low efficiency, while new energy offers clear advantages in terms of being clean, environmentally friendly, safe, and efficient. The energy transition is irreversible global trend. So developing clean energy, reducing carbon emissions, and building a green planet have become the most significant areas of concern among countries throughout the world, including China, the United States, Europe, and the Middle East. EV sales in China reached 6.9 million units in 2022, accounting for 50% of total global sales. This year, That number is expected to reach 9 million. According to CIC, the number of ICE cars in China will be peaking around 2025, while EV sales will continue to grow, and the number of EVs surpass ICE cars by 2036. The total number of cars in China is predicted to exceed 424 million by 2050, with the number of EVs over 328 million. At the same time, the total investment in the supporting EV charging industry will exceed 30 trillion RMB in 2022. scenarios to the global leader in terms of the existing number of EV cars, EV incremental growth, and EV export volume. 2022 was also an important year for NAS, as we completed our NASDAQ lifting and strengthened our leadership position in charging service networks. In 2022, Our charging service network expanded rapidly with a year-over-year rise in total charging volume of 115%, accounting for 20% of China's total public charging volume. At the end of 2022, we had connected 515,000 chargers in 50,000 charging stations across over 350 cities. We take advantage of this strong energy charging network. We expand our one-stop service to energy asset operation, providing end-to-end, one-stop solutions, covering the whole cycle of charging station construction, operation, and upgrading. Serving enterprises throughout the new energy value chain looking ahead as the leading player in the world's largest EV market. We aim to seize the historical opportunities of energy transformation by leveraging our unique business model and industry of position and commit to working together with partners to promote carbon emission reduction in transportation and have achieved a goal of carbon peaking and neutrality. Now I will turn the call over to Alex, our president and CFO, for a closer look at our operating and financial performance. Thank you.