Jianpu Technology Inc.

presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I'd now like to turn the conference over to Colin Cheung, Head of Corporate Development and IR. Please go ahead.

Thank you, Operator. Hello, everyone, and thank you for joining us today. Our second half and fiscal year 2021 earnings release were distributed earlier today and is available on our IR website at ir.jianpu.ai, as well as on PR Newswire services. On the call today from JEMPU Technology, we have Mr. David Yeh, co-founded chairman and chief executive officer, and Mr. Oscar Chen, chief financial officer. Mr. Yeh will talk about operations and company highlights, followed by Mr. Chen, who will discuss the financials and guidance. They will all be available to answer your questions during the Q&A session that follows. Before we begin, I'd like to remind you that this conference call contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the company's control. These risks may cause the company's actual results or performance to differ materially. Further information regarding these and other risks, uncertainties, or factors is included in the company's filings with the USFCC. The company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required under applicable law. Finally, Please note that unless otherwise stated, all figures mentioned during this conference call are in renminbi. It is now my pleasure to introduce our co-founder chairman and chief executive officer, Mr. David Yeh. David, please go ahead.

Thank you, Colin. Hello, everyone, and thank you for joining us today. It has been a while since we have last spoken with some of you. And for those of you who are new to our story, I would like to give a quick overview of our company. JMPool Technology is a leading independent open platform for the discovery and the recommendation of financial products in China. We connect consumers' SMEs with financial service providers in a convenient, efficient, and secure way, providing consumers' SMEs with customized search results, and recommendations tailored to each user's particular financial need and profile through our proprietary technology. We also provide financial institutions with digital sales and marketing solutions to reach and serve their customers more effectively and efficiently and enhance their competitiveness by providing them with tailored data, risk management services, and solutions. As an independent third-party platform, we depreciate ourselves as being an asset-light fintech company. This is a highly scalable business model that allows us to be nimble and low-risk fundamentals where we do not take on credit risk, liquidity, or market risk. Our vision is to become everyone's financial partner. I will now walk through some key business highlights and the takeaways for 2021 before diving into further details on the business segment and the new strategic initiatives that we have undertaken. I will then pass the call to Oscar to discuss our financials. There are four key takeaways that we would like to highlight for 2021. First, and perhaps the most important, is that our business has resumed growth. in 2021, with the revenue up 37.4% year-over-year. And we developed a more diversified and balanced business and revenue structure, with no recommendation revenue, accounting for 28% of the mix. Second, through leveraging our integrated marketing and enhancing operating and technical capabilities, we have improved our business efficiency. We also expanded our business into other non-financial categories. Third, we continued to expand our efforts in empowering financial institutions' digital transformation. We now cooperate with 46, which account for 80% of online credit card issuing banks in China, enabling issuing over 23 million credit cards We also achieved significant wins in our big data and the system-based risk management services. Finally, our cost optimization initiatives continue to provide effective driving margin improvement and better cost performance, leading to a narrowing of operating loss by 44%. These results were primarily driven by our experience navigating through turbulence, our readiness to make changes and execute well in a dynamic environment, and the effective execution of our omni-channel strategies and solid technological capabilities. As part of our vision to become everyone's financial partner, we are continuously innovating our technology and exploring new growth drivers as we push forth our mission to empowering users and enabling digital transformation of financial service providers to better serve them. Now, let me go through our operations in 2021 in greater detail. I will begin with our recommendation services, built upon one of our core digital transformation capabilities, which is digital marketing. Throughout the years, we have successfully expanded our traffic acquisition channel to cover online, offline, and across mainstream media, social media, and private traffic sources based on social and demographic. By leveraging our strong technical capability, we have equipped financial service providers on our platform with a suite of product and solutions, allowing them to digitally market their products through an omni-channel strategy. we have also been recognized by the media and other key traffic channel partners, bringing more opportunities for us to move forward. As a result of our persistent efforts, our recommendation services business returned to a growth with their revenue up 71.4% year-over-year and 25.7% sequentially versus the first half of 2021. Our credit card recommendation business retained its industry-leading position as we maintained strong relationships with 46 credit card issuers, representing over 80% of banks that issue credit cards online in China. As part of our omnichannel strategy, our social media and the partnership program continue to deliver growth and improve efficiency. contributing 54.9% of recommendation service revenue. We have also successfully expanded the program into other product verticals, which we'll talk more later. I will now move to our enterprise R2B product and solutions, i.e. big data and system-based risk management services. Catering to financial institutions increasing demand for digital transformation, we continue to invest in our enterprise business and develop more products and solutions to enhance the risk management capabilities of financial ecosystem, including financial service provider, regulators, and other ecosystem partners. Our tech-driven solutions allow us to utilize AI big data to optimize risk control models according to the changing marketing environment and the consumer need, which is one of the key driving force of helping financial institutions, regulatory authorities to achieve their digital transformation initiatives. Our product and solutions are highly recognized by financial institutions, regulators, and industry. We received the national certification in recognition of our work in data security. Our achievements in digital transformation in the financial sector landed us the top 10 FinTech innovation awarded by the Banker magazine and outstanding partners by leading Chinese financial institutions such as Ping An Bank, Credit Card Center, and Everbright Bank. We entered into strategic partnership agreements with the top government-backed credit bureaus to cooperate on data, credit scoring, and risk management initiatives. In addition, we supplied a new suite of financial regulatory technology software as a service-based product to provincial government and financial regulatory authorities, helping them to assess, monitor, and react to regulatory risks of financial institutions in their jurisdictions. We believe these products and services could potentially be a big area of growth for us in the future, especially as current regulatory policies are supportive of the digital transformation of financial institutions. Now I would like to discuss our new growth engines. To expand and diversify our revenue structure, The company has applied its omni-channel digital marketing solutions, social media and partnership program in particular, and our recommendation capabilities toward adjacent categories and sectors with large data-rich user base find great financial need. The result of such expansion seems to be very promising. Revenue from the new business segment has more than doubled compared to 2020, currently accounted for 12.3% of the total revenue. We are now extending this customer acquisition model together with our credit card business partners to help financial institutions develop other financial products and services. We are also adopting the social media and the partner program for the development into non-financial sectors. In 2021, the revenue contributed by social media and partner program account for 46.6% of our total revenue, validating our initial success of applying an omni-channel strategy across different financial and non-financial categories. We have also seized development opportunities to apply our proven business models and knowledge to exciting overseas markets. We applied and successfully obtained financial marketplace, credit scoring, and e-KYC licenses in Indonesia, the largest country in terms of population in Southeast Asia. Going forward, GenPool will continue to drive inclusive finance services overseas to benefit more consumers and SMEs around the world. Finally, we have further advanced our cost reduction and efficiency optimization initiatives, which include closely assessing existing business lines, consolidating and cutting overlapping resources. Our strategy has already seen some initial results from these initiatives, as long gaps and net loss was further narrowed by 44% year-over-year. Let me also give a bit of a background of China's macroeconomical environment under the latest regulatory dynamics. The business environment that we're operating, we saw a raft of policy change, with the Chinese government implementing new rules and measures affecting the consumer finance industry. such as requesting all internet platforms to ensure data security and data protection for their users. New restrictions on direct transfer of borrowing information to financial institutions by internet platform. As the window guideline issued to financial institutions for the lowering of interest rate on consumer finance products. The letter of which has prompted some financial institutions to adjusting their product portfolio and credit policy, which has moderated the growth in consumer finance product provided by the financial institutions. In addition to rules affecting the consumer finance industry, the Chinese government has also rolled out other broader-based policies, tightening rules and regulations across multiple sectors and industries, in particular, affecting Internet companies. The tightening regulatory environment in conjunction with strict COVID control measures and overall macro weaknesses have dampened the general business sentiment. To summarize, 2021 was a year where we made continuous progress. We are a firm believer in when there is a challenge, there are always opportunities. Despite the ongoing regulatory and economic headwinds, we have worked extremely hard throughout the year to navigating through these dynamics. Despite the ongoing pandemic and the volatile macroeconomic environment, our businesses returned to growth, became more diversified and more efficient, and we have set a strong foundation for further growth in 2022. As for long-term, we remain positive about the economic outlook in China. And the recent rhetoric from Vice Premier Liu He contained strong messages supporting the development of China's economy, especially relating to us. Premier Liu mentioned that concrete actions must be taken to bolster the economy in the first quarter, including administrating appropriate monetary policy and promoting new loans for consumers, especially SMEs, to facilitate economic growth. Furthermore, authorities will promote the steady and healthy development of the platform economy and improve its international competitiveness. Premier Liu also stressed the importance of introducing market-friendly policies, and any policy that has a significant impact on the capital market should be coordinated with the financial regulatory authorities, you know, to smoothen the market expectations. In addition, the government has more recently issued guidelines supporting consumers and SME credit loans, COVID-related loans, and promoting and awaiting financial service products. We believe that the overarching theme of these policies is to provide a more sustainable economic growth and a healthier development of financial and capital markets. We are beginning to see a more supportive environment for the development of consumer finance, where additional measures shall be introduced to drive private consumption through the potential loosening of the monetary policy and the strong long growth, giving a positive tailwind for the industry in 2022. There should also be a tremendous opportunity for financial institutions and tech companies like us to work together and accelerate the financial sector's digital transformation. Naturally, in the short term, the resurgence of the Omicron variant in China recently has posted some challenges to our businesses due to the large-scale lockdown in cities where we are operating. We have seen partial and full lockdowns in cities such as Shenzhen, Changchun, and of course, more recently, Shanghai, where the lockdown is still ongoing. We expect a challenging first half in 2022, but this will not stop us from pressing forward. We will actively explore new product innovation applications and services. We will embrace regulations, continue to deepen our cooperation with licensed financial institutions, support the digital transformation of financial service industry, and further enhance operating efficiency. We remain hopeful that once the latest wave of pandemic subsides, our business will resume a moderate growth trend once more. With that, I now turn the call over to our CFO, Oscar Chen, who will discuss our financial results. Thank you.