Yunji Inc.

Good evening, ladies and gentlemen. Thank you for standing by and welcome to UNG's third quarter 2024 earnings conference call. With us today are Ms. Sheng Lu Zhao, Chairman and Chief Executive Officer, Mr. Yeh Shing-Twee, Senior Financial Director, and Ms. Kay Lu, Investor Relations Director of the company. As a reminder, this call is being recorded. Now, I would like to hand the conference over to our first speaker today, Ms. K. Liu, IRD of Yunji. Please go ahead, ma'am.

Hello, everyone. Welcome to our third quarter 2024 earnings call. Before we start, please note that this call will contain a forward-looking statement 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 affecting the energy industry. This forward-looking statement can be identified by terminology 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 US SEC. Any forward-looking statement that we make on this call are based on assumptions as of today and are expressly qualified entirely by cautionary statements, risk factors, and details of the company's filing with SEC. Yunqi does not undertake any application to apply the statement expected as required on the applicable law. With that, I will now turn over to Zhang Yuexiao, Chairman and CEO of Yunqi.

Hello everyone, and welcome to Yunji's third quarter 2024 earnings call. In the future, it will be the headquarters of a global digital marketing center that will create, educate, develop, and operate products, and focus on the restoration of consumer brands such as Group Health, makeup, etc. The new headquarters will become an important pillar of corporate culture and brand image, and will also be the new starting point for enterprises to sell to higher targets. The headquarters project is the assets bought and sold in the second quarter of this year. So let me start with a significant milestone in our company's growth.