Vipshop Holdings Limited

ladies and gentlemen good day everyone and welcome to vip shop holdings limited's fourth quarter and full year 2023 earnings conference call at this time i would like to turn the call to miss jessie zeng vip shops head of investor relations please proceed

Thank you, operator.

Hello, everyone, and thank you for joining VIP Shop's fourth quarter and full year 2023 earnings conference call. With us today are Eric Shen, our co-founder, chairman, and CEO, and Mark Wong, our CFO. Before management begins their prepared remarks, I would like to remind you that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. private securities litigation reform act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include but are not limited to those outlined in our safe harbor statements in our earnings release and the public filings with the Securities and Exchange Commission, which also applies to this court to the extent any forward-looking statements may be made. Please note that certain financial measures used on this court, such as non-GAAP operating income, non-GAAP net income, and non-GAAP net income per ADS, are not presented in accordance with U.S. GAAP. Please refer to our earnings release for details relating to the reconciliation of our non-GAAP merits to GAAP merits. With that, I would now like to turn the call over to Mr. Eric Shen.