Puyi Inc.

Ladies and gentlemen, welcome to Puyi Inc's fiscal year 2023 earnings conference call. At this time, all participants are in a listen-only mode. Following management's prepared remarks, there will be a question and answer session. For your information, today's conference call is being recorded. This conference call is also being broadcasted live over the internet and will be available for replay purposes on the company's website. I would like to turn the meeting over to your first speaker today, Ms. Jing He, Puyi's General Manager of Financial Reporting Department. Thank you. Please go ahead.

Thanks, operator. Good evening. Welcome to our earnings conference call for the fiscal year 2023. Our annual report on Form 20F has been uploaded to the website of U.S. Security and Exchange Commission earlier today, and it's also available on our IR website. Before we continue, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the United States Private Security Litigation Reform Act of 1995. The accuracy of these statements may be impacted by a number of risks and uncertainties that could cause our actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but not limited to, those highlighted in our filings with the SEC, including our 20F. We do not undertake any obligation to update these forward-looking statements, except as required under the applicable law. Joining us today are our Chairman of the Board and Chief Executive Officer, Mr. Yong Ren, and Chief Financial Officer, Mr. An Ning Hu. Mr. Ren will first walk you through our business and financial conditions of the fiscal year 2023, and then, together with Mr. Hu, He will answer your questions after the prepared remarks. Now I will turn the call over to Mr. Ren. Good evening, everyone. Welcome to our 2023 fiscal year earnings conference call. Here with me is our chief financial officer, Mr. Anlin Hu. First of all, I will give you an overview of our financial and operational conditions for the fiscal year 2023. Then I will discuss briefly our business outlook for the future. Finally, we will have a question and answer section. to answer any questions you may have. 首先,我先講述公司的業務概況和主要經營舉措。 Now, let me present an overview of our operational results and business initiative in the fiscal year 2023.

In the fiscal year 2023, insurance by various factors such as strict control measures due to the COVID-19 pandemic in late 2022, the trade tension between U.S. and China, and the geopolitical conflicts