Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the UNG's first half 2025 earnings conference call. With us today are Mr. Shang Lu Xiao, Chairman and Chief Executive Officer, and Mr. Nan Song, Senior Financial Director. As a reminder, this conference call is being recorded. Before we start, please know that this call will contain forward-looking statements. within the meanings of the Private Securities Litigation Reform Act of 1995 that are based on the company's current expectations and current marketing operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors of UNG and its 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 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 cautionary statements, risk factors, and other details of its filing with the SEC. The company does not undertake any obligation to update these statements except as required under applicable law. With that, I will now turn it over to Mr. Shang Liu, Chairman and CEO of Yunji. Please go ahead, sir. Apologies, ladies and gentlemen. We seem to have disconnected with our speakers. Please hold while we reconnect. ¶¶ ¶¶ Ladies and gentlemen, we've reconnected with our speaker line. Please proceed with the presentation.

Hello, everyone, and welcome to Yunji's First Half 2025 Earnings Board.

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