Tongdao Liepin Group

Good day and welcome to the Tong Dao Liepin Group 2026 1H Earnings Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Liz Wong. Please go ahead, ma'am.

Thank you, operator. Hi, everyone. Thank you for joining us on today's earnings call to discuss our interim results. The company's financial and operating results were published and were posted on the company's IR website at ir.liepin.com. On today's call, Mr. Rick Tsai, company's chairman and CEO, will kick off with our business operations and highlights. After that, Mr. Tim Tian, our CFO, will continue with detailed financial review. After the prepared remarks, we will be available to answer your questions. All remarks will be in Chinese followed by English translation. Before we continue, I would like to remind you that this call may contain forward-looking statements made under the Safe Harbor provisions. Such statements are based on management's current expectations, current markets, operating conditions, and related events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict, and many of which are beyond the company's control, which may cause the company's actual results, performance, or achievements to differ from those in the forward-looking statements. Further information regarding these and other risks, incidences, and factors is included in the company's filings with the Hong Kong Stock Exchange. The company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise except as required under law. Please note that certain financial measures that we use on this call are expressed on a non-GAAP basis. Our gap results and the reconciliation of gap to non-gap measures can be found in our earnings press release. I will now turn the call over to our chairman and see you in a week. Please go ahead.

Okay, thank you. Hello, investors. Welcome to the mid-term performance release of Tao Liepin Group in 2026. Thank you for your continued attention and support for the company.