Cango Inc.

Good morning and good evening, everyone. Welcome to Kengo Inc's fourth quarter and four-year 2022 earnings conference call. At this time, all participants are in a listener-only mode. This call is also being broadcast live on the company's IR website. Joining us today are Mr. Jiaoyuan Lin, Chief Executive Officer, and Mr. Michael Zhang, Chief Financial Officer of the company. Following management's prepared remarks, we will conduct the Q&A sessions. Before we begin, I refer you to the safe harbor statement in the company's earnings release, which also applies to the conference call today, as management will be making forward-looking statements. With that said, I am now turning the call over to Mr. G.I.U.N. Lin, CEO of Tender. Please go ahead, sir.

Hi everyone and welcome to CanGo's 4th quarter and 4th year 2022 earnings call. In the face of the challenges caused by the complex and severe external environment, Canggu is moving steadily along a new strategic path to show a stronger business flexibility.

In 2022 was a challenging year. Multiple headwinds, including COVID pandemic, supply chain disruptions and chip shortages, continue to create significant uncertainties in the auto industry. In addition, political and economic turmoil worldwide have profoundly impacted all aspects of society, including China's auto industry. Despite its complex and challenging external environment, Kengo has steadily progressed along its new strategic roadmap, demonstrating strong resilience.