Yeahka Ltd

Ladies and gentlemen, good day and welcome to Yeahka Limited 2026 Interim Results Announcement Call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be question-and-answer sessions. Please be advised that today's conference is being recorded. I now pass the call to Mr. Vincent Chen, Head of Corporate Development and Capital Markets of Yeahka. Please go ahead, sir.

Thank you and hello, everyone. Welcome to Yeahka's 2026 Interim Results Conference call. Before we start, we would like to remind you this representation includes forward-looking statements that involve a number of risks and uncertainties. Information on general market conditions comes from a variety of sources outside of Yeahka control. Please refer to our disclosure documents on our website IR section for a detailed discussion of risk factors. Now, let me introduce the management team on today's call. Luke Liu, our founder, chairman, and CEO, will kick off with a short overview. I will then provide a business overview. John Yao, our CFO, will conclude with a financial review, translated by Derek Lai, our director of finance, before we open up the floor for questions. Without further ado, I will now turn the call over to Luke.

Thank you, Winston. Hello, everyone. In the first half of 2026, we continue to up commercialization and increase profitability. We deliver this through overseas expansion, innovation, across product lines, and across marketplace. More than before, we are better positioned to deliver long-term sustainable growth in profitability and return to shareholders. Therefore, we are delighted to announce our first dividend insurance since Yeahka's listing, $13.8 million for interim results. Yeahka remains highly confident in a significant growth opportunity in global payments. The acquiring market is worth USD 36 trillion. Its digital payment penetration remains low in many markets, while mainland China has reached over 90% digital payment penetration with ECOS contribution. Countries such as Japan and other developed economies are still at around 50% or below, leaving significant room for growth. This creates strong entry points for e-commerce. Our overseas payment volume grew four-fold year-on-year to RMB 6 billion. Continually, it is an exponential growth trajectory. Going forward, our overseas payment strategy will be centered around three key points. Thank you for your attention. as we expand globally across the markets. Second, with a more comprehensive payment and merchant software product portfolio in our overseas competitors, we are uniquely positioned to expand in these markets. By integrating wide-area services with our payment solutions, we provide merchants with a one-stop service that help them reduce costs and increase revenue. Third, we have enhanced our team with leading international talent experienced in overseas payments and launched our online payment business overseas, extending our coverage into the Web3 sector. Our other strategic focus is the application of AI externally for customers and internally to enhance our operating efficiencies. We are closely tracking the application of AI in payments and merchant value added services. where AI agents initiate and complete transactions on behalf of users with authorized parameters are expected to become an important payment model across e-commerce, local services, gaming, advertising, and other digital scenarios. We have conducted in-depth research in this area and initiate R&D collaboration with international financial institutions. Further updates will be disclosed in due course. Separately, through our investment platform Fuxi, we have launched an AI agent-based merchant software product, which has already been commercialized and received positive market feedback. We have also scaled up AI usage to drive administration and R&D efficiencies. Our fully autonomous AI-driven product development lines hugely reduce the time of product development and launch cycle. Our digital employees which provide day-to-day tools with AI, automated mailing routing operational tasks. The combination of human talents and digital employees helped to address the evolving customers' demands more quickly, more precisely, and save resources for more strategic initiatives for the company. ECOS four-step technical platform lay a great foundation for AI to scale in each of our business lines and more globally share synergies across our operational best practice. Therefore, profitability has been increasingly across our business segments. in both payment and value-added services. In the Chinese mainland, we delivered our payment profit by almost 25% year-over-year. In value-added services, in-store e-commerce posted a first half of net profit together with a historic high of GNV. AI will continue to drive revenue increase. Cost reduction and efficiency enhancements And together with our faster overseas expansion as an international market leader These strategies will strengthen ECOS industry mode, long-term profitability and capability to create greater value for all shareholders As such, may I pass to Vincent to give a detailed business review?