Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Eugene's fourth quarter 2024 earnings conference call. With us today are Mr. Shenglu Xiao, Chairman and Chief Executive Officer, along with Mr. Ye-Ti Choi, Senior Financial Director. As a reminder, this conference call is being recorded. Before we start, please note that this call will contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on the company's current expectations and current market operating conditions and relate to events that involve known or unknown risk and uncertainties or other factors of Eugene and its industry. These forward-looking statements can be identified by the terminologies such as will, expect, anticipate, continue, and other similar expressions. For a detailed discussion of these risks and uncertainties, please refer to the company's related documents filed with the US SEC. Any forward-looking statements that the company makes on this call are based on assumptions as of today and are expressly qualified in the entirety by the cautionary statements. Risk factors and details of the filings with the SEC, the company does not undertake any obligation to update these statements except as required by applicable law. With that, I would now like to turn the call over to Mr. Shenglu Xiao, Chairman and Chief Executive Officer of UG. Please go ahead, sir.

大家好,欢迎大家来到云集2024第四季度财报电话会。 Hello everyone, welcome to UG's first quarter 2024 earnings call.

回顾过去一年的经营。 At the same time, facing the future, we will continue to adhere to organic health as an important strategic goal for urgent future development. In 2024, the company's overall labor rate increased by 49.4%, and the user recovery rate maintained a high of 71.9%. Behind these numbers is the consumer's trust in the health and life vote we voted for. But more importantly, it is our special innovation to new management. In the past year, we have strengthened the organizational structure of the company,