uCloudlink Group Inc.

Thank you for standing by and welcome to the uCloud Link Group Incorporated fourth quarter and full year 2025 earnings conference call. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you would like to ask a question, you'll need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Xichao Gao at Company IR. Please go ahead.

Okay. Hello, everyone, and thank you for joining us on uCloud Link's fourth quarter and the full year 2025 earnings call. The earnings release and our earnings presentation are now available on our IR website at ir.ucloudlink.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, director, and the chief executive officer. and Mr. Yi Mengshi, Xu Financial Officer. Mr. Chen will begin with an overview of our recent business highlights. Mr. Xu 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 previous Secretary 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 projected or implied by these forward-looking statements. All forward-looking statements are expressly qualified in their entity by their culinary statements, 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 forward-looking statements as a result of new information. Future events change the market conditions otherwise, except as required by law. Please also notice that Euclidean's earnings press release and this conference call include discussions of audit gap financial information and audit non-gap financial measures. Euclidean's press release contains a reclassification of the audit non-gap measures to the most directly comparable audit gap measures. I will now turn the call over to Mr. Chen. Please go ahead.

Thank you, Daniel, and good morning or evening, everyone. Despite significant microeconomic headwinds through year 2025, including tariffs, we remain steadfast in strategically investing across our three new business lines. Against this challenging backdrop, we maintain our financial health and deliver stable performance. Net income for the year increased 38.2% year-over-year to U.S. dollar 6.3 million with the net cash inflow from the operations reaching U.S. dollar 3.2 million. Total revenues from mainland China surged 16.5% from last year. underscoring how our EU-Cloud in 1.0 international data connectivity solutions are accelerating broader consumer adoption and further solidifying our leadership in the global loan market. This robust performance demonstrates the resilience of our core strategy and the strategic impact of the investments we've made. in our three new growth engines. This new product launch has diversified our business and allowed us to successfully navigate a persistently challenging microeconomic and trade environment. Through strict operational discipline and focus, we have laid a solid foundation to build upon and accelerate growth in year 2026. Moreover, our smart hardware and data are emerging as a key gateway to AI and big data connectivity. While our heavy investment in the pet AI, analyzing pet languages, health, behavior, and sent data continues to strengthen our industry leadership. We remain highly focused on overcoming the world's three fundamental digital divides through transformative connectivity solutions. We continue to dismantle the global connectivity divide by breaking down international looming barriers to ensure our users maintain seamless network access anywhere in the world. At the same time, we are tackling the single multi-network divide through our pro-riotry, cloud-thin, and hyper-con technologies, which are setting industry standards for intelligent multi-network connectivity and reliability. Lastly, and most innovatively, we are bridging the emotional digital divide with our AI-powered pet ecosystem. creating entirely new and meaningful connections between humans and their pets. I will now review the highlights for each of our key business lines. I will start with our growth community life business, which continues to generate solid growth momentum. Average daily active terminal during the first quarter surged 897.9% year over year, while average daily active users, which include platforms, increased 409.1% year-over-year. Within our broader growth community life portfolio, our industry-first Unicore Plus and Unicore Plus series remain highly competitive and continue to differentiate themselves with their seamless connectivity across multiple networks, safe test global positioning, and fast charging capabilities. This is further strengthening our competitive edge in the travel, automotive, and secure networking markets. At the same time, platform orders continue to scale and accelerate since its initial launch last quarter, reflecting strong market traction across the board. We kick off 2026 with a powerful showcase of our latest innovations at the CES in Las Vegas and the NWC in Barcelona. As a highlight, we outline our vision to eliminate the pet-people divide through the PetProGo ecosystem and the introduction of the all-new PetCam that complements the platform. This revolutionary AI-powered ecosystem will transform how we connect with and care for our pets. transcends basic pet tracking functions by establishing a comprehensive safety-awareness-emotion connection loop that enables owners to see, hear, and interact with their pets in real time for anywhere in the world. The market response has been exceptional, generating significant global attention and validating our product domain. Purchase orders are growing alongside strong consumer feedback, laying solid foundation for us to drive scale commercialization in year 2026. Also making its debut at the CES was the Miracle G50 mask and AI power connectivity hub. with sky-to-ground 5G satellite and Wi-Fi integration that creates mobile Wi-Fi hotspots anywhere. This solution provides a critical safety net with two-way messaging and emerging SOS via satellite networks, ensuring connectivity even when terrestrial networks are beyond reach. Powered by our patent AI HyperCon technology, it can intelligently switch between a terrestrial 5G network and a Wi-Fi network to deliver a frictionless one-device, one-account learning experience. At its core, it creates a reliable mobile Wi-Fi hotspot, ensuring unmatched coverages, and truly seamless connection. Moving on to our global mean IoT business, we maintain a robust growth trajectory with user adoption and revenue contribution increasing strongly on a year-over-year basis during the quarter. In the fourth quarter, average daily active terminals record a year-over-year increase Highlighting a strategic positioning and traction we are getting in high growth sectors such as in-car infotainment and security cameras. Having established a strong initial presence in these key sectors, we plan to scale these solutions into additional industrial verticals. in the future to drive to further expansion of our ecosystem. Turning to our global meat seam business line, our e-seam tree solution continues to gain a strong traction following its pilot programs last quarter, with a cumulative seam car sales now surpassing several hundred thousand units as growth moment accelerators This is creating a strong growth momentum with our average daily active terminals increasing 180.8 year-over-year during the quarter, validating both our carrier's partnership model and its market positioning as a permanent secondary SIM card for users. Our carry core insurance program has begun pilot deployment and is pending fast, providing a highly effective low-typex solution for operators that enhance their global looming capabilities. This fourth theme model is gaining strong traction and is welcomed by both operators and users, confirming robust product market fit. Looking ahead, 2026 will be years of execution and transformation for us. We close 2025 with a streamlined organizational structure. Having integrated our branding, online and offline sales, and the e-commercial teams to that align with our evolving strategy. Building on this foundation, we kick off the new year by onboarding highly experienced leaders with deep to customer expertise to strengthen our capabilities for next phase of growth. At the same time, we are actively forging partnerships with world-renowned universities and leading global technology companies, integrating resources and laying a solid foundation for long-term success. The strong market feedback from the CES 2026, combined with accelerating sales of new solutions, provides us with a multiple powerful growth engine. We are confident in our ability to scale our user base globally, further diversify our revenue streams, and bridging critical digital divides for cross-border activities to emotional distance between people and their pets. With the discipline optimism in mind, we are confident that we have the right strategy in place to drive sustainable growth going forward. For the first quarter of year 2026, we expect total revenue to be between US dollar 16 million to 17 million, representing a decrease of 9.1% to 14.4% compared to the same period of year 2025. For year 2026, we expect total revenues to be between U.S. $85 million and $200 million, representing an increase of 4.4% to 22.9% from year 2025. I will now turn the call over to Mr. Shi.