Operator
Good day, and welcome to the Tongdao Liepin Group 2025 Annual Results Conference Call. Today’s call is being recorded. At this time, I’d like to turn the conference over to [ Catherine Zhang ]. Please go ahead.
Unknown Executive
Okay. Thank you, operator. Hi, everyone. Thank you for joining us on today’s conference call to discuss our results for the full year 2025. 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 detailed financial review. After prepared remarks, we will be able 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 and current market and operating conditions and related to 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 materially from those in the forward-looking statements. Future information regarding this 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
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