YXT.COM GROUP HOLDING LIMITED

Good day and thank you for standing by. Welcome to the YXT.COM's first six months of 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I WOULD NOW LIKE TO HAND THE CONFERENCE OVER TO YOUR SPEAKER TODAY, PETER LU, FOUNDER AND CHAIRMAN OF YXT.COM. SIR, PLEASE GO AHEAD.

HELLO, EVERYONE. THIS IS PETER LU, FOUNDER AND CHAIRMAN OF YXT.COM. THANK YOU FOR JOINING OUR 2026 FIRST EARNING CONFERENCE CALL.

In the first half of 2026, we saw an important shift in enterprise AI adoption. Customers didn't ask whether a product has AI capabilities. They asked whether AI can improve their business outcomes, shorten capability building cycles, accumulate organizational knowledge more thoroughly, and support actual execution. Having AI in the product suite was no longer an option for us. Not only that, having meaningful AI with productivity level value became the key differentiator. This was exactly the same direction YXT.COM took going into 2026. We achieved a nearly nine-fold growth in AI product-related revenue. Our monthly recurring revenue from AI-related products reached 4.4 million RMB as of June 30, 2026. compared with 500,000 RMB a year earlier. The driving force behind the ninefold growth of AI products are adding AI to our existing business and innovating AI native new businesses. In terms of existing business, we integrated AI into our existing corporate learning business and improved our competitiveness in both acquiring new clients and expanding the existing engagements. In the first half of 2026, the number of newly signed customers increased by nearly 50% compared with the same period of last year. Our net dollar retention rate also improved by about 2.3 percentage points. And in terms of new business, Sales Smart, OUR AI POWERED SALES INTELLIGENCE AND ENABLEMENT SOLUTION ACHIEVED SALES OF OVER 5 MILLION RMB DURING THE SAME PERIOD THIS MARKED THE FIRST SUCCESSFUL STEP IN EXPANDING FROM CORPORATE LEARNING BUSINESS TO PRODUCTIVITY ENABLEMENT BUSINESS IN THE SAME SALES DOMAIN THROUGH THE FIRST HALF OF 2026 We proved our strategy of intelligent productivity to be effective, and we are even more confident about it now. We will strive to assist enterprises turn knowledge into capabilities, experiences into assets, and individual capacity into organizational intelligent productivity. As more and more companies embrace AI, as AI goes from a chatbot to productivity levers, will see an even bigger addressable market with more and more definite needs. One last piece of information I'd like to share with you before handing over is the transformation of our own operation. During the first half of 2026, we adopted AI more systematically and transformed how we build products, how we deliver customer value, and how we market ourselves. The benefits of such AI adoption and transformation can be indicated by our gross margin, our operational efficiency, and our cash flow. And for those details, I will now turn the call over to Shen Cao, our Chief Financial Officer, to review our financial performance.