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

Ladies and gentlemen, thank you for standing by. And welcome to the MoGU first quarter of fiscal year 2022 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 the session, you will need to press star one on your telephone. If you require any further assistance, please press star zero. Thank you. Now I would like to hand the conference over to your speaker today, Ms. Vivian Wang. Thank you. Please go ahead.

Thank you. Hello, everyone, and thank you for joining us today. Mogul's earnings release was distributed earlier today and is available on the IR website at irmogul-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 Mitigation Reform Act of 1995. These 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 of 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 statement, Further information regarding this and other risks, uncertainties, 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 today for Mogul are Mr. Shao-Cheng Chi, Chairman and CEO, and Ms. Feng Chi, Financial Controller, Mr. Chen will review the business operations and company highlights, followed by Ms. Feng, who will discuss financials. They will all be available to take your questions during the Q&A section. Now, it is my pleasure to introduce our chairman and CEO, Mr. Chen. Please go ahead.

Hello, everyone. Thank you for attending the first quarter of the 2022 Chinese New Year's call meeting.