Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Yungi's Third Quarter 2022 Earnings Conference Call. With us today are Mr. Shenglu Zhao, Chairman and Chief Executive Officer, Mr. Peng Zong, Vice President of Finance, and Ms. Kay Wu, Investor Relations Director of the company. As a reminder, this conference call is being recorded. Now I would like to hand the conference over to our first speaker today, Ms. Kay Lu, IRD of Yunji. Please go ahead, ma'am.

Hello, everyone. Welcome to our third quarter 2022 earnings call. Before we start, please note that this call will contain forward-looking statements within the meaning of the Private Security Liquidation Reform Act of 1995 that are based on our current expectations and current market operation conditions related to events that involve known or unknown risk. uncertainties, and other factors of Yunxi and its industry. These forward-looking statements can be identified by the terminology such as will, expect, anticipate, continued, or other similar expressions. For detailed discussion of these risks and uncertainties, please refer to our related documents filed with USACC. Any forward-looking statements that we make on this call are based on assumptions as of today, and they are expressly qualified in the entirely by cautionary statement risk factors and details of the company's filing with SEC. Yunji does not indicate any application to update this statement if that is required on the applicable law. With that, I will now turn over to Shangrui Xiao, Chairman and CEO of Yunji.

Hello everyone, welcome to Yunji's third quarter in 2022 opening this morning. In the face of uncertainty in this quarter, we will focus on self-improvement, including the ability to improve customer service, the ability to serve entrepreneurs, the ability to develop free brands, optimize our product structure, and be fully prepared for sustainable high-quality development. In the third quarter, as a standard for traditional e-commerce, we have more time to improve our own technology and services, and use the product as the core, and use short videos as the main expression, exploring the possibilities of e-commerce.