Full Truck Alliance Co. Ltd.

Ladies and gentlemen, good day and welcome to Full Truck Alliance's first quarter 2023 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mao Mao, head of investor relations. Please go ahead.

Thank you, operator. Please note that today's discussion will contain four working statements relating to the company's future performance, which are intended to qualify for the state-powered formulability as established by the U.S. private security litigation format. Such statements are not guaranteed of future performance and are subject to further risks and uncertainties, assumptions, and other factors. Some of these risks are beyond the company's control and could cause actual results to differ materially from those mentioned in today's preceding discussion. A general discussion of the risk factors that could affect FTA's business and financial results included in certain findings of the company with the FTC. The company does not undertake any obligation to update this form of information except as required by law. During today's call, management will also discuss certain non-GAAP financial measures for comparison purposes only. For a definition of non-GAAP financial measures and a reconsideration of GAAP to non-GAAP financial results, Please see the earnings release or issues related dates. Joining us today on the call from FDA's Senior Management are Mr. Hui Zhang, our founder, chairman, and CEO, and Mr. Simon Tsai, our CFO. Management will begin with prepared remarks, and the call will conclude with the Q&A session. As a reminder, this conference is being recorded. In addition, a webcast replay of this call will be available from FDA's Investor Relations website at I got the food truck alliance.com. I will now turn it over to our founder chairman and CEO, Mr. Zhang. Please go ahead.

Hello, everyone. I'm Zhang Hun. Welcome to the first quarter of 2023. Since the beginning of 2023, the economy has been gradually recovering from the decline of the epidemic. We are very happy to have achieved another strong record growth in the opening of 2023. Especially after the Spring Festival in January, the number of users on our platform has increased sharply. The activity of users on both ends has also continued to increase. The continuous expansion of each and every block has accelerated and improved our convenience. It once again recognizes the advantages of our business model. Hello everyone, thank you for joining us today on our first quarter of 2023 earnings conference call.