Operator
Good day, and welcome to the Tongdao 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 Wang ]. Please go ahead, ma’am.
Xueni Wang
Director of Investor Relations
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 Dai, company’s Chairman and CEO, will kick off with our business operations and highlights. After that, Mr. Tim Tian, our CFO, will continue with a detailed financial review. After the prepared remarks, we will be available to answer your questions. Our 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, uncertainties 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 statements as a result of new information, future events or otherwise, except











