Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Yunji's second quarter 2023 earnings conference call. With us today are Mr. Shang Liu Zhao, Chairman and Chief Executive Officer, Mr. Peng Zhong, 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 Yunji. Please go ahead, ma'am.

Hello, everyone. Welcome to our second quarter 2023 earnings call. Before we start, please note that this call will contain forward-looking statements within the meaning of Private Securities Litigation Movement Act of 1995 that are based on our current expectations and current marketing operating conditions. and relate to events that involve unknown risks, uncertainties, and other factors affecting the industry. This forward-looking statement can be identified by terminologies such as will, expect, anticipate, contingent, or other similar expressions. For a detailed discussion of these risks and uncertainties, please refer to our latest document filed with USSDT. Any forward-looking statement that we make on this call are based on assumptions as of today and expressly qualify the entirely by cautionary statement, risk factors, and details of the company filing with FCC. Yunji do not undertake any obligation to update this statement, in fact, as a required and applicable law. With that, I will now turn over to Shangyue Xiao, Chairman and CEO of Yunji.

Hello, everyone. Welcome to Yunji 2023 second quarter report conference.