Tuya Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Tuya Inc.' 's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be question and answer session. Please be informed that today's conference is being recorded. I'll now turn the call over to your first speaker today, Ms. Regina Wang, Investor Relations Senior Manager of Tuya. Please go ahead.

Thank you, operator. Hello, everyone, and welcome to Tuya's Third Quarter 2025 Earnings Conference Call. Joining us today are founder and CEO of Tuya, Mr. Jerry Wang, and our co-founder and CFO, Mr. Alex Young. The Third Quarter 2025 Financial Results and website of today's conference call are available on our IR website at ir.tuya.com. And the replay will be posted shortly after our conclude. Before we continue, please notice that our safe harbor statement in the earnings press release applied to today's call. As we may make forward-looking statements, with that, let me now turn the call over to our founder and CEO, Mr. Jerry Wang. Jerry will deliver his remark in Chinese, which will be followed by a corresponding English translation. Jerry, please.

大家好,感谢大家参加涂鸦2025年第三季度业绩电话会。 Hello, everyone.