uCloudlink Group Inc.

Thank you for standing by and welcome to the uCloud Link Group Incorporated first quarter 2026 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 wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the call over to Mr. Xichao Gao, Company, Investor Relations. Please go ahead.

Okay, thank you. Hello, everyone, and thank you for joining us on EucalLink First Quarter 2026 Earnings Call. The earnings release and our earnings presentation are now available on our IR website at iadoecalllink.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 chief executive officer, and Mr. Yi Mengshi, chief 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 forelooking statements made pursuant to the safe harbor provisions of the previous securities Litigation Reform Act of 1995. These four looking statements are based on measurements, currents, 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 plenary statements, risk factors, and details of the component's feelings with the SEC. The company does not assume any application of reverse or update any forward-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 UCLogin's earning press release and this conference call include discussions of unaudited gap financial information and unaudited non-gap financial measures. Your calling's press release contains the regulations of the unaudited non-GAAP measures to the most directly comparable unaudited GAAP measures. I will now turn the call over to Mr. Chen. Please go ahead.

Thank you, Daniel, and good morning or evening. It delivers total revenues of U.S. dollar $16.9 million in the first quarter of 2026. These results come despite significant external headwinds, including microeconomic volatility, weak travel demand, rising energy prices, memory chipset cost increase. and the conflict-related supply chain disruption. More importantly, our new product lines have continued to warm up and scale, gradually offsetting the negative impact on our traditional business for these external headwinds. With the continued ramp up of new product, such as the platform and the unicorn plow, revenues from our new business lines are increasing following an initial market one-up period over the past two quarters. Each of these new products continue to make significant strategic progress during the quarter, laying the groundwork for accelerating commercial growth momentum going forward. Overall, our three new growth engines, Glowcoming Line, Glowcoming IoT, and Glowcoming Thin, deliver remarkable year-over-year revenue growth of over 400%, 300%, and 170%, respectively To accelerate commercialization and capture early market leadership, we strategically increase marketing spending during the quarter on the platform and broader Papago ecosystem. While these investments will attempt near-term profitability and cash flow, we are confident they will yield substantial long-term payoffs and contribute to sustainable growth going forward. I will now reveal the highlights for each of our key business lines. I will start with the Papago ecosystem. Building on the exceptional global media attention and the market validation received at NWC 2026 and CEX 2026 with the unveiling of our Papago ecosystem and the all-new pet cam. We launched the beta version of the Papago app during the quarter. This differentiated and pioneered AI power plus social platform for the pet technology industry leverages AI technologies and the platform to enable pets and their owners to communicate seamlessly. by effectively transforming the pet ownership experience into an interactive, social, and connected community. We are fostering parallel engagement and continuous interaction. Pepper Go also allows pet owners to manage their pet care journey across three stages, before, during, and after activities. This social platform is expected to complete commercial validation in Q2 2026 and begin driving growth starting in Q3 2026. During the quarter, average monthly active user MAU reached 1,397, and the early beta feedback has been overwhelmingly positive, reinforcing our confidence in its user adoption and strong growth potential. Moving on to our growth community life business line, we continue to drive exponential growth with industry-first innovations. Our unicorn plow gains strong traction during the quarter. with the sales volume and the market adoption accelerating rapidly, by enabling a lighter, more convenient lifestyle with secure and reliable connectivity, freeing users from cumbersome device, while ensuring seamless protective experience. GoCommune Live solutions solve average daily activity user DAU during the quarter increase 559.9% year-over-year. Turning to Glaucoma Internet of Things IoT, our forward-looking strategy is already beginning to generate initial results. The business maintains its strong growth trajectory with user adoption and revenue contribution continuing to expand rapidly year over year. We continue to solidify our strategy position to capture additional market share in high growth sector, such as in-car, infotainment, and security cameras. Average DAU for global community IoT increased by 246.5%. compared to the first quarter of the year 2025. And as of March 31st, 2026, our total IoT solutions install base reached 2.93 million. For our global missing business line, our ethentria solution continues to gain strong traction and growth momentum. with average DAU increasing 193.6 year-over-year during the quarter. This validates both our carrier partnership model and its market positioning as a permanent secondary theme for users. Furthermore, our carrier core insurance program has gained pilot deployment, providing a highly effective low-capacity solutions for operators that enhance their global roaming capability. This model is gaining strong traction and is welcomed by both operators and users, confirming a robust product market fit. Lastly, the launch of our cutting-edge Mirgo G50 mask, the world's first sky-to-ground integrated mobile connectivity hub. is expected to serve as a powerful growth engine for the coming quarter. The near-goal G50 mark is redefining the connectivity when it matters most. In a conflict-affected market with a disrupted terrestrial network, its resilient connectivity is a critical differentiator. Powered by our AI-driven HyperCon technologies is seamlessly switched between terrestrial, in-flight, home Wi-Fi, creating a unique one-hub global freedom experience. It also enables satellite-based two-way messaging and emerging SOS, extending connectivity from ocean to desert. We expect this product to reach commercial deployment in the second quarter of year 2026. Looking behind its market potential, the Mirgo G50 Max not only represents our high-end brand aspiration, but also focuses on driving increased sales and elevating our brand across the entire portfolio of mobile connectivity solutions. Looking ahead, we remain in the early high growth stages of our transformation. Throughout 2026, we will continue investing strategically in our new flows engines. The strong market validation from MWC 2026 and CES 2026, positive PEPCO beta feedback and a sustained momentum in global mean IoT demonstrate how our diversified business strategy remains firmly on track. Looking at the coming quarter, we expect our traditional business to gradually stabilize, reaching a level where further downside is limited. At the same time, our new business line will continue to grow. driven by ongoing product ramp-ups and market adoption. Together, if this deals momentum, our traditional business stabilizing and our new business scaling up continues as we expect. It is expected to further offset the external headwind that has impacted our performance. As a result, we believe the second quarter of 2026 will be a turning point in our overall business trajectory with a return to positive year-over-year growth. We are building towards sustainable growth by scaling our user base globally and bridging the digital divide. in cross-border connectivities, as well as the emotional distance between people and their past, while creating long-term value for our shareholders. With that discipline optimism in mind, we are confident that we have the right strategy in place to drive sustainable growth going forward. For the second quarter of the 2026 we expect total revenues to be between U.S. dollar 19.5 million and U.S. dollar 22.5 million, representing an increase of 0.5% to 16% compared to the same period of year 2025. I will now turn the call over to Mr. Shi.