Operator
Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Yunji’s Second Half 2025 Earnings Conference Call. With us today are Mr. Shanglue Xiao Chao, Chairman and Chief Executive Officer; and Mr. Nan Song, Chief Financial — or Senior Financial Director. As a reminder, this conference call is being recorded.
Before we start, please note that this call will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based solely on the company’s current expectations and current market operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors of Yunji and its industry.
These forward-looking statements can be identified by terminologies such as will, expect, anticipate, continue or other similar expressions. For a detailed discussion of these risks and uncertainties, please refer to the company’s related documents filed with the U.S. SEC. Any forward-looking statements that the company makes on this call are based on assumptions as of today, and are expressly qualified in the entirety by cautionary statements, risk factors and details of its filing with the SEC. The company does not undertake any obligation to update these statements, except as required under applicable law.
With that, I will now turn it over to Mr. Shanglue Xiao, Chairman and CEO of Yunji. Please go ahead, sir.
Shanglue Xiao
Founder, Chairman & CEO
[Interpreted] Hello, everyone, and welcome to Yunji’s earnings call. Thank you for your continued interest and support. Yunji has remained committed to its strategic positioning of becoming a global leader in organic healthy living while making steady progress in the organic and
