ATRenew Inc.

good morning and good evening ladies and gentlemen thank you for standing by and welcome to at renews incorporated second quarter 2024 earnings conference call at this time all participants are in a listen-only mode we will be hosting a question and answer session after management's prepared remarks please note today's event is being recorded i would now like to turn the call over to our first speaker today mr jeremy g Director of Corporate Development and Investor Relations of the company. Please go ahead, sir.

Thank you, Chuck. Hello, everyone, and welcome to AG Renew's second quarter 2024 earnings conference call. Speaking first today is Kerry Chen, our founder, chairman, and CEO. And he will be followed by Rex Chen, our CFO. After that, we'll open the call to questions from analysts. The second quarter 2024 financial results were released earlier today. The earnings release and the investor slides accompanying this call are available at our IR website, ir.atrenew.com. There will also be a transcript following this call for your convenience. For today's agenda, Kerry will share his thoughts of our quarterly performance and business strategy, followed by Rex, who will address the financial highlights. Both Kerry and Rex will join the Q&A session. Let me cover the six Harvard statements. Some of the information you'll hear during this conversation today will consist of forward-looking statements, and I refer you to our safe harbor statements in the earnings press release. Any forward-looking statements that management makes on this call today are based on assumptions as of today, and that AT&U does not take any obligations to upgrade our assumptions on these statements. Also, this call includes discussions of certain non-GAAP financial measures, please refer to our earnings press release, which contains a reconciliation of un-GAP measures to GAP measures. Finally, please note that, unless otherwise stated, all figures mentioned during this conference call are in RMB, and all comparisons are on a year-over-year basis. I'd now like to turn the call over to Kerry for business and strategy updates.

Hello everyone and welcome to AT&T Renew's second quarter 2024 earnings conference call. We are pleased to share our achievements this quarter and the strategies we have implemented in the evolving landscape.