Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Yungi's first quarter 2023 earnings conference call. With us today are Mr. Xiong-Le Zhao, Chairman and Chief Executive Officer, Mr. Peng Zong, Vice President of Finance, and Ms. Kay Liu, 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 Liu, Investor Relations Director of UNG. Please go ahead, ma'am.

Hello, everyone. Welcome to our first quarter 2023 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 operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors during the industry. This forward-looking statement can be identified by terminologies such as well, expect, anticipate, continue, or other similar expressions. For a detailed discussion of these risks and uncertainties, please refer to our related document file with USFCC. Any forward-looking statements that we make on this call are based on assumptions as of today. And I personally qualified entirely by cautionary statement, risk factors, and details of the company filing with ICC. Yunji did not undertake any obligation to update this statement, except as required by applicable law. With that, I will now turn over to Shang Liu, Chairman and CEO of Yunji.

Hello, everyone. Welcome to Yunji's first quarter of the call call conference in 2023.