uCloudlink Group Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the UCloud Link Group, Inc. First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After prepared remarks by the management team, there will be a question-and-answer session. Today's conference call is being recorded. I would like to turn the call over to your host today, Mr. Bob Shen, Deputy Investor Relations Director of the company. Please go ahead.

Thanks everyone for joining us on our first quarter 2021 earnings call today. The earnings release is now available on our IR website at ir.ucloudink.com as well as via Newswire services. Here I give a brief introduction to our UCloudink team. Zhi Ping Peng is our co-founder and chairman of board of directors. Chao Hui Chen is our co-founder, director, and chief executive officer. Zhi Gang Du is our director and chief operating officer. Yi Men Shi is our chief financial officer. Xin Quan Xu is our chief sales officer. Our CEO will begin with an overview of our company and business highlights, which will cover Section 1, of the earnings presentation posted on our IR website. And then, our CFO, Yi-Meng Shi, will discuss our operation highlights and financial results in Section 2 and Section 3. Before we proceed, please note that this call may contain forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations that involve known and unknown risks, uncertainties, and other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements. All forward-looking statements are expressly qualified in their entirety by the cautionary statements, risk factors and the details of the company's filing with the SEC. The company does not assume any obligation to revise or update any forward-looking statements as a result of new information, future events, changes in market conditions, or otherwise, except as required by law. Please also note that uCloud Link's Earnings Plus release and this conference call include discussions of unaudited GAAP financial information as well as unaudited non-GAAP financial measures. uCloud Link's press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures. I will now turn the call over to our co-founder and CEO, Mr. Chao-Hui Chen. Please go ahead.

Thank you, Bob. There are similar contents as the earning presentation of the fourth quarter of year 2020. I will focus on page 8, 9, and our recent development on page 14. Let's move to page 8. The definition of hyper-connectivity basically includes level 1, which is the Evaluation of connection quality of various wireless access network include Wi-Fi 3G, 4G, or 5G. Level two, which is network selection and optimization based on the cloud scene technology. And level three, which is optimizing and acceleration of application routing. Our hyper-connectivity solution would redefine the mobile network user experience and facilitate data traffic marketplace. Data connectivity user experience is affected by various factors such as signal, interference and routing, bandwidth and delay, and server location. We innovatively applied navigation plus electronic toll path concept over wireless network to our users and business partners in mobile data connectivity market. While our hyper-connectivity technologies through PaaS and SaaS platform, we focus on establishing a stable, reliable, safe network connection with security for our business partners and users. U-Clouding hyper-connectivity would aim to connect cross-network and technology systems, cross various themes from factors such as e-themes and software themes, cross various physical boundaries such as Wi-Fi and various radio technologies, et cetera, by countries and regions. We will achieve the goal by identification, monitoring, and optimization to further elevate user experience in the data connectivity market. Hyper-connectivity technology, such as millisecond multi-network reselection technology, will provide user application with better connection experience, which helps Realized navigation plus electronic toll path hyper-connectivity solution would guarantee data connectivity and network security. We are a high tech data connectivity service solution company dedicated to closing and connecting with all global networks and technology systems. improving the user experience by optimization of all layers including assess, routine, and application layers. We will also officially release our new hyper-connectivity product and service in the near future. Let's move to page nine. Our innovative hyper-connectivity solution We provide industries and users with robust network connection, that means reliable, speed, and safe through PaaS and SaaS platforms. We focus on establishing stable, reliable, safe, and efficient network connections for our business partners, operators, and users, which is a fundamental requirement of wireless network connection. Our cloud-synced technology, such as smart multi-network reselection, has developed to the hyper-connectivity technology stage, which facilitates the realization of navigation, plus electronic toll paths across various networks. For industrial applications, Hyper-connectivity solution is highly compatible with industries requiring high-quality data connectivity, such as cargoes and logistics, internet of vehicles, autonomous driving, AR, VR, 5G cloud computing, chains and yards, emergency response, power monitoring, etc. Apart from the telecom industry, we will have more business opportunities in more industries. For users, hyper-connectivity solutions can elevate data connectivity users' experience such as education, remote working, video and entertainment, home broadband. mobile broadband indoor coverage and reliable fixed broadband Wi-Fi coverage, etc. Our innovative hyper-connectivity technology guarantees data connectivity and network security for various industries and users. Let's move to page 14, which is the most important page. which shows the progress of the first quarter of year 2021 and updates the change we made. Despite the lingering impact from the COVID-19 pandemic, we record an uplifted revenue of US dollar, 17.7 million US dollar. During the first quarter of year 2021, versus the fourth quarter of the year 2020. In line with our quarterly budget, the launch of the 5G-related products and services, multi-network mini-second reselection technology, and the hyper-connectivity solutions allows navigation plus electronic whole paths to elevate user experience with better data connection and facilitate us to enter and expand to new industries that require high quality data connectivity such as education, remote working, video, Internet of Week, emergency response, electronic power monitoring, and surveillance industries. We expect that the technology would help us acquire more users, establish cooperation with mobile network operators and mobile virtual network operators, and expand the SaaS ecosystem. In the Chinese market, we make progress through hyper-connectivity solutions with mobile and fixed broadband business. under various application scenarios, such as home broadband, and receive positive feedback of our 4G, 5G, millisecond multi-network reselection technology. In Japanese market, we form new alliance with one of the mobile network operators and plan to cooperate with business partners in education industry, which we believe will contribute to our continued growth momentum. In the U.S. market, we have faster growth and recall a high sales of LocalMe mobile Wi-Fi hotspot via Amazon for the past 12 months ending in March of year 2021. After winning the patent litigation and excluding patent-related interference, we will apply all our innovative technology in the United States, such as 5G mini-second network reselection and hyper-connectivity solution. In Europe, we invest in IQ-SIM, the leading provider of open virtual SIM vSIM platform, and vSIM-enabled mobile device based in France. which is an important component of our global investment. We will also officially release our hyper-connectivity product and service in the near future and are proactive exploring opportunities in new industries such as Internet of Week and education. We expect that widespread vaccination will continue to increase recovery of cross-border activities and international tourism, which we expect will benefit our 1.0 international business. Leveraging our innovative technologies, we will continuously develop our 2.0 local business and various IoT application scenarios with new industries which require high-quality data connectivity. I will now turn it over to our CFO, Shi Yimeng, who will go through the business and financial highlight section.