uCloudlink Group Inc.

Good day and welcome to the uCloud Link second quarter 2025 conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star, then 2. Please note this event is being recorded. I would now like to turn the conference over to Mr. Daniel Gao. Please go ahead, sir.

Hello, everyone, and thank you for joining us on Euclid's second quarter 2025 earnings call. The earnings release and our earnings presentation are now available on our IR website at ir.yokely.com. Joining me on today's call are Mr. Zhi Ping Peng, co-founder and chairman of the board of directors, Mr. Chao Hui Chen, co-founder and director and chief executive officer, and Mr. Yi Mengshi, chief financial officer. Mr. Chen will begin with an overview of our recent business highlights. Mr. Shi will then discuss our financial and operational highlights for the quarter. They will all be available to take your questions in the Q&A section that follows. Before we proceed, please note that this call may contain forward-looking statements made pursuant to the safe harbor provisions of the appropriate securities Litigation Reform Act of 1995. These four 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 massively different from the results, performance, or expectations implied by these four looking statements. All four looking statements are expressly qualified in their entity by the quotational statement's risk factors and the details of the component's feelings with the SEC. The component does not assume any obligation to reverse or update any four looking statements. As a result of new information, future events change in market conditions or otherwise, except as required by law. Please also note that Euclid's earnings press release and this conference call include discussions of un-audited GAP financial information and un-audited non-GAP financial methods. Euclid's press release contains a reconciliation of the un-audited non-GAP methods to their most directly comparable undoubted GAP measures. I will now turn the call over to Mr. Chen. Please go ahead.

Thank you, Daniel, and good morning or evening, everyone. We are accelerating three transformative growth lines. GoCommune Live, lead by Pat Fong, GoCommune Sim, powered by eSIM Trail, and GoCommune IoT. through focused investment in R&D, go-to market capabilities, and brand building to drive sustainable market expansion, while simultaneously strengthening our legacy global mobile broadband business line by proactively offsetting tariff impacts through strategy supply chain adjustments. Throughout this expansion, We maintain financial health as our foundation. Ensuring disciplined investments drives sustainable profitability and laying a solid foundation for sustainable long-term value creation. Our global ecosystem continues to gain traction and growth momentum. business remains profitable and continue to generate a stable margin with total revenue of US dollar 19.4 million and net income of US dollar 0.7 million during the quarter. Our 1.0 international data connectivity services business continues to grow with full-speed 5G network coverage across 86 countries and regions. As we continue to consolidate market share, especially in mainland China, and strengthen our leadership position in the global long-term sector, our substantial strategy investments focus on R&D and marketing for our next-generation products to ensure they drive growth and improve our performance once launched. Refinement and testing of these products progressed smoothly with several major distribution partners as we built a robust pipeline and entered a final stage of commercialization. Feedback has been overwhelmingly positive, reflecting how our solutions directly address the market demand and have validated our investment strategies. This has set the stage for the launch of several groundbreaking products in the near future. In this quarter's ending release, we have introduced a new metric, Average Month Active Terminals, MAT. Our three new product lines, Glokomi Lite, Glokomi Thin, and Glokomi IoT, demonstrated remarkable MAT growth of 105.2%, 120.1%, and 789.0% year-over-year, respectively. I will now review highlights for each of our key business lines. I will start with Grow Combi Life business line. The upcoming commercial launch of the platform where we already have over 20 potential strategy partners lined up, and we launched a brand in several countries in the third quarter of year 2005. In Hong Kong, we are collaborating with a premier telecommunications service operator to launch a platform, making a significant expansion in our global market research. and the rollout of a powerful win-win cooperation model. This allows operators to monetize premium subscriptions, acquire high-value pet-owning customers, and diversify their revenue streams through our value-add services. Our technology amplifies their market research and their infrastructure We also make substantial with a leading global online pet retailer to further enhance pet phones' accessibility and market penetration within a short time. Alongside pet phones, our industry serves Unicore Plus and Unicore Plus series, which are highly competitive. innovative, and pioneering products. Integrating seamless connectivity across multiple networks, six-step global positioning, and fast charging capabilities, we are further strengthening our competitive edge in the travel, automotive, and secure networking markets. Commercial application of our Glokomi IoT solutions also continues to gain strong momentum. with user adoption growing over 10 times year-over-year after nearly three years of commercialization efforts. As revenue contribution increased, entering a new phase of accelerated growth. Beyond core connectivity revenue, we are also diversifying monetization through value-added services. We enable China's top manufacturers to accelerate their global expansion through customized IoT connectivity solutions. Strategy partners with more industrial leaders in battery monitoring, desk cams, vehicle infotainment, and the smart security camera sectors are accelerating our expansion into high-growth further consolidating IoT as a key pillar for our business. Turning to our global eSIM business plan, our success is an accident. It is the result of a successful business evolution. We have already sold over 300,000 OTA SIM and eSIM units. Since year 2024, outperforming competitors in these baseline segments, we achieved top-ranking market share in our outbounding travelers of mainland China, traveling to Hong Kong, Macau, Japan, Korea. These operational maturity positions are distinctly from market entrance. Building on this foundation, eSIM Trail represents our second-most advantage realized. While competitors remain focused on the legacy SIM or eSIM technologies, we have advanced to redefine industry standards through this innovation. eSIM Trail has been recognized as a transformative solution. receiving the top NWC Innovation Award from the Slash Guild. Its groundbreaking capabilities generated significant industrial attention at both Mobile World Congress Year 2025 in Barcelona and MVMO's World Congress Year 2005 in Vienna. our comprehensive marketing campaign for Eastern Trier. In a partnership with top media outlets, substantially increase its market visibility and exposure. We are synergistically addressing two critical point for the industry with this product. First, as the ultimate permanent secondary SIM for consumers. It ensures seamless global coverage by dynamically connecting to multiple networks, eliminating the need for costly international looming, and providing users with reliable high-speed connectivity across devices. Secondary, through our carrier insurance, program, we solved a critical pain point for operators, especially Tier 2, Tier 3 mobile network operators and mobile virtual operators by upgrading their network performance and global roaming capabilities without the need for infrastructure investment and funding power. With nearly 1,000 trial units distributed, strong user feedback in carrier partnership programs and the simple car production and the testing with multiple operator schedule for next quarter. We hope to begin large-scale commercial deployment during the third quarter with strong confidence. Lastly, our GoCoMe mobile fixed broadband business line, we pilot launch the upgraded MUGO G40 Pro late in the second quarter, with the supposed speed three times faster than traditional 4G devices, is the world's first enabled in-flight Wi-Fi and connects to Wi-Fi networks across several application scenarios, such as home, airport, office, and cafes. With Mirgo G40 Pro, we are transforming portable connectivity from the international travel-only solution to a true multi-scenario companion with our patented AI hyper-con technologies. Simultaneously, serving users through a single intelligent device and one account regardless of where they are. Furthermore, in the third quarter, we will launch the Mirgo G50 Max with the Sky-to-ground 5G satellite integration and AI-driven network switching, further solidifying our innovative leadership in the mobile space broadband industry. This device enhances network quality through AI power real-time congestion detection and network reselecting. In summary, we are ideally positioned to capitalize our strategy and operation momentum. Despite trade and microeconomic headwinds, we remain committed to executing our strategy R&D and marketing investment for new products. while sustaining a healthy financial performance. These three products from our core business line, Glaucoma Thin, led by Yixing Qiu, Glaucoma Light, ENCO, by Pat Fung, and Glaucoma IoT, have all achieved successful transformation in the second quarter, laying a solid foundation for future growth with the potential to each multi-million of users in the future. Our diversifying product portfolio provides multiple pathways for us to drive growth throughout the remainder of the years as we scale up our user base and build a comprehensive global market data traffic and sharing marketplace. We are confident that we have a right strategy in place to generate sustainable growth in the coming quarters. For the third quarter of year 2025, we expect total revenue to be between U.S. dollar 22.0 million to U.S. dollar 26 million, representing a decrease of 12.7 percent to an increase 3.2 compared the same period of the year 2024. The company currently expects its revenue from the four years of the year 2025 to be the range of US dollar 85 million to US dollar 95 million as compared with a range between US dollar 95 million to US dollar 130 million as previous announced. The company is revising its guidance in light of the recent microeconomic challenges and the global trade headwinds, which have had and may continue to have a broader impact across the industries. Now I will turn the call over to Mr. Si.