WeRide Inc.

Good morning and good evening ladies and gentlemen. Thank you for standing by and welcome to the WeRide's second quarter and third half 2026 earnings conference call. Please note that today's event is being recorded. At this time all participants are in listen-only mode. For today's call, management will use English as the main language. A third party interpreter will provide simultaneous Chinese interpretation. The company will be hosting a question and answer session after the management's prepared remarks. If you wish to listen to the management's original statements or ask a question during the question and answer session, please make sure you are dialed in to the English language line. Please note that Chinese interpretation is for the convenience purposes only. In the case of any discrepancy, management's statements in their original language will prevail. Joining us today are WeRide's founder, chairman and CEO, Dr. Tony Han, and CFO and head of international, Ms. Jennifer Lee. Before we continue, I would like to refer you to the safe harbor statement in the company's earnings press release, which also applies to this call as today's call will include forward-looking statements, including WeRide's strategies and future plans. These forward-looking statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. The company's actual results could differ materially from those stated or implied by these forward-looking statements as a result of various important factors and please refer to the risk The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please note that all numbers stated in the management's prepared remarks are in RMB terms and will be discussed non-IFIs The company's unaudited financial and operating results were released earlier today via Newswire and can be found on the company's IR website. With that, we will now begin with the company's video presentation.

In the physical AI era, autonomous driving is evolving from single vehicle intelligence toward an intelligent flywheel connecting data, models, vehicles, and operations. As the global leader in autonomous driving, WeRide continues to advance physical AI toward its next stage of commercialization. In China, we continue to strengthen our operational capabilities. With Beijing and Guangzhou as our core operating hubs, our fully driverless robot taxi coverage continues to expand. Through deployment in complex urban environments and real-world operating scenarios, we continue to enhance system robustness, safety, and operational efficiency. To date, WeRide's autonomous driving footprint has expanded to over 60 cities across 13 countries worldwide. Internationally, WeRide is accelerating expansion across Europe and the Middle East through our asset-light model. In the Middle East, we have achieved fully driverless robot taxi operations in Abu Dhabi and Dubai, while continuing to expand our operations in Riyadh. This proven robotaxi commercialization model is now expanding from the Middle East to Europe. Following our rollout in Slovakia, WeRide is rapidly scaling across Europe. In June, we announced new robotaxi deployments in Madrid and Zurich. In August, we announced plans to deploy Denmark's first autonomous shared mobility services. Within two months, we advanced public commercial operations across three countries, with Denmark representing our sixth European market. At the same time, we are accelerating expansion into right-hand drive markets. In April, we partner with Grab to launch Singapore's first public autonomous driving mobility service. In June, we partnered with Geely, Verizon, and Quincheng Bus to advance right-hand drive robo-taxi commercialization with Hong Kong as the starting point. This marks a major step toward WeRide's robo-taxi mass production and operational capabilities across both left-hand drive and right-hand drive markets. Beyond RoboTaxi, our RoboBus business continues to advance commercialization in Europe with operational progress across France, Belgium, Spain, Switzerland, and other markets. Our L2++ and L3 solutions are scaling rapidly. To date, our single-stage end-to-end platform, RRD 3.0, has won mass production commitments across more than 30 vehicle models, with active road testing and market validation underway in key global markets including Germany, France, and Japan. Behind these commercial achievements is our continuously evolving physical AI technology foundation. We introduce the We Ride Wit, the physical AI cognitive foundation model, pioneering the concept of the minimum physical fact unit and building a new AI understanding framework centered on physical facts. Combined with the Genesis World Model, it connects high-quality real-world driving data, model training, and simulation validation to empower L2++ and L4, accelerating large-scale autonomous driving deployment. Operations validate technology. Technology empowers products. Products drive commercialization. WeRide continues to advance along this intelligent flywheel path, accelerating the global commercialization of autonomous driving.

Now, I would like to pass the floor to the company's founder, chairman and CEO, Dr. Tony Han. Please go ahead, sir.