NaaS Technology Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the NASS second quarter and first half 2024 earnings conference call. At this time, all participants are in listen-only mode. I must advise you that this conference is being recorded. I would now like to turn the conference over to your first speaker today, Mr. John Wang, Companies Investor Relations Director. Thank you, and please go ahead.

Thank you, Operator, and hello, everyone. Welcome to NASS second quarter and first half 2024 earnings conference call. The company's results were issued earlier today and are posted online. Joining me on the call today are Ms. Cathy Wang Yang, our Chief Executive Officer, and Mr. Alex Wu, our President and Chief Financial Officer. For today's agenda, Ms. Wong will provide an overview of our recent performance and highlights. Mr. Wu will discuss our operating results and go through our financial highlights. 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 discussions 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 this conference call are in RMB. I will now turn the call over to our CEO, Ms. Cathy Wang Yang. Cathy, please go ahead.

Hello, everyone. I am NASA's CEO, Wang Yang. Today, I am very honored to share with you the performance and strategic progress of the first half of the second quarter of 2024 and the first half of the second quarter. Hello everyone, I'm NAT CEO Cassie Wong. It's my pleasure to share NAT's highlights and strategic progress for the second quarter and the first half of 2024. We are pleased to announce that for the month of June 2024, we will achieve our first positive non-effort non-profit our goal is to carry the profitability into the third and fourth quarters of 2024. In the past six months, we have concentrated on strengthening our core business and reducing costs, significantly enhancing our competitive edge. Moreover, through strategic staff optimization and improvement in management efficiency, we have refined our financial performance starting the stage for ongoing profit growth. We are focused on specialized autonomous charging solutions for driverless vehicle scenarios. and consistently expanding our ecosystem with automotive manufacturer partners. In the future, we will enter an era of automatic energy supply. Energy was founded in 2016. In 2017, Energy proposed that we would provide a one-stop energy supply solution for autonomous drivers of public roads and logistics. In 2019, our energy service was launched by the first car network company. Energy Power has been deployed in advance through extensive cooperation with car companies. China stands on the brink of a revolution in autonomous driving, which will lead to a year of autonomous charging solutions. Since as early as 2017, we have been exploring one-stop energy solutions for autonomous road transport to keep pace with this market change. We have actually led the groundwork with extensive collaborations with leading automotive brands. Beyond our recent strategic partnership with Xiyue, we have also formed strong alliance with major automotive industry players, including Geely, Hyundai, Zika, Eto'o, Great Wall Motors, GAC Energy, and Deep Blue Automotive. These extensive strategic collaborations provide us with a solid foundation of technological expertise and diverse monetization opportunities. They help us gradually relax our vision of enhancing the energy efficiency of transportation. I just mentioned that the vision of energy generation is to improve the efficiency of transportation energy. In fact, it is not just energy generation. The vision of energy generation of the mother company, Energy Control Group, is also to improve the efficiency of transportation energy. I also want to share with you the news that Energy Control Group, which is the mother company of energy generation, has also achieved a total profit. In the past eight years, Energy Control Group has accumulated 400 million registered car owners and 100 million refueling car owners. We hope to provide a one-stop energy supply for these 5 billion orders. 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. Thank you, Cathy. Hello, everyone, and thank you for joining us today.