MOGU Inc. American Depositary Shares (each representing 25 Class A Ordinary Shares)

Ladies and gentlemen, thank you for standing by and welcome to MoGU second quarter fiscal year 2021 financial results. 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 the session, you'll need to press star one on your telephone. If you require any further assistance, please press star zero. I would now like to turn the call over to Mr. Rene Van Susteyn. Please go ahead.

Thank you, Amy. Hello everyone and thank you for joining us today. Mogu's earnings release was distributed earlier today and is available on the IR website at ir.mogu-inc.com as well as on the Business Wire services. Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements are based upon management's current expectations and the current market and operating conditions and relate to events that involve known or unknown risks, uncertainties or other factors, all of which are difficult to predict and many of which are beyond the company's control. which may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks and certainties or factors is included in the company's filings with the U.S. Securities and Exchange Commission. 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. On the call tonight from Mogu are Mr. Sha Qianqi, Chairman and CEO, Mr. Raymond Huang, Chief Strategy Officer, Mr. Le Li, Investor Relations Director, and Ms. Wei-Ching Ellie Wang, financial controller. Mr. Cheng will review the business operations and company highlights, followed by Mr. Huang, who will discuss financials. They will all be available to take your questions during the Q&A session. Now it is my pleasure to introduce our chairman and CEO, Mr. Cheng. Please go ahead.

Hello, everyone. Hello everyone, thank you for joining us on the second quarter results announcement of the fiscal year 2021 today.