Tuya Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Tuya Inc's fourth quarter 2021 earnings conference call. At this time, all participants are in listen-only mode. We'll be hosting question and answer session after management prepared remarks. I will now turn the call over to the first speaker today, Mr. Reg Chai, Investor Relationship Associate Director of Tuya. Please go ahead, sir.

Okay, thank you. Hello, everyone. Welcome to our fourth quarter 2021 earnings call. Joining us today are founder and CEO of Tuya, Ms. Jerry Wang, and our staffer, Ms. Jessie Liu. The fourth quarter 2021 financial results and webcast of this conference call are available at ir.tuya.com. A replay of this call will also be available on our website in a few hours. Before we continue, I refer you to our statement in our early press release, which applies to this call, as we will make forward-looking statements. With that, I will now turn the call to our founder and CEO, Mr. Jerry Wang. Jerry will deliver his remarks in Chinese, which will be followed by a strongly English translation.

2021 is a special and important year in the new business process. We entered the second stage of the market in March last year. We completed our first annual income of more than $300 million, with a growth of about 68%. We continue to use our leading technology and products to support brand customers' constant growth. Yijia is a well-known international brand that has worked with us for more than 50 years since 2018, and has become our first brand customer that broke through 10 million sales in the first year. They have achieved a very outstanding sales performance on 52 part-by-two-yard IOT SKUs. Our SaaS and ARGIS business partners have achieved a total growth of more than 170% in four consecutive seasons. Our total number of customers has increased from 5,000 in 2020 to about 8,400. In particular, the revenue contribution of more than 100,000 US dollars of IOT PaaS user customers The number of customers has increased to 311. The number of customers has increased to 50. The number of customers has increased to 99. The number of customers has increased to 99. The number of customers has increased to 99.