Yunji Inc.

Morning and good evening, ladies and gentlemen. Thank you and welcome to Yungi's second quarter 2022 earnings conference call. With us today are Mr. Shang-Lu Zhao, Chairman and Chief Executive Officer, Mr. Peng Zong, Vice President of Finance, and Ms. Kate Liu, Investor Relations Director of the company. Now I would like to hand the conference over to our first speaker today, Ms. Kate Liu, IRD of Yungi. Please go ahead, ma'am.

Hello, everyone. Welcome to our second quarter 2022 earnings call. Before we start, please note that this call will contain forward-looking statements within the meaning of the private security litigation reform act of 1995 that are based on our current expectations and current market operation conditions and relate to events that involve known or unknown risks, uncertainties, and other factors of the industry. These forward-looking statements can be identified by the terminology such as wealth, expect, anticipate, continue, or other similar expressions. For detailed discussion of these risks and uncertainties, please refer to our related documents filed with US SEC. Any forward-looking statement that we make on this call will be based on assumptions as of today and are expressly qualified entirely by the cautionary statement, risk factors, and details of the company filing with SEC. Please do not undertake any application say this statement is set as required on the applicable law. With that, I will now turn over to Shangyue Xiao, Chairman and CEO of Yunji.

Hello everyone. Welcome to Yunji's 7th Quarter 2022 Earnings Call.