Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Yungi's 4th Quarter 2023 Earnings Conference Call. With us today are Mr. Sean Lewis, Chairman and Chief Executive Officer, Mr. Yejin Kui, Tenured Financial Director, and Ms. Kaya 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, Mrs. Kayen Liu, IRD of Yungi. Please go ahead, man.

Hello, everyone. Welcome to our fourth quarter 2023 earnings call. Before we start, please note that this call will come to a forward statement within the of Private Security Litigation Reform Act of 1995 that are based on our current expectations, the current market operation conditions, and relate to events that involve known or unknown risk, uncertainties, and other factors of things in this industry. These forwarding statements can be identified by terminologies such as will, expect, anticipate, continue, or other similar expressions. For a detailed discussion of these risks and uncertainties, please refer to our latest document filed with the US SEC. Any forward-looking statements that we make on this call are based on assumptions as of today and are not necessarily qualified entirely by cautionary statements, risk factors, and details of the company filing SECC. Yunqi does not undertake any obligation to update this statement exact as required on the applicable law. With that, I will now turn over to Shangyue Xiao, Chairman and CEO of Yunqi.

Hello everyone, welcome to Yunji's 2023 Earnings Call. During 2023, and particularly in the fourth quarter's peak e-commerce promotion season,