Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to UNG's first quarter 2024 earnings conference call. With us today are Mr. Shang Liu Xiao, Chairman and Chief Executive Officer, Mr. Yeqing Cui, Senior Financial Director, and Ms. Ke 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 the UNG. Please go ahead, ma'am.

Hello, everyone. Welcome to our first quarter's 2024 earnings call. Before we start, please note that the call will contain forward-looking statements within the meaning of 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 UNG and this industry. These forward-looking 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 related document filed with the US SEC. Any forward-looking statement that we make on this call are based on assumptions as of today, and are expressly qualified in entirely by cautionary statement, risk factors, and details of the company filing with SEC. Yunji do not undertake any application to update this statement expected to be 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 first financial phone call in 2024.