Ladies and gentlemen, good day and welcome to the Yatsen Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Irene Laiu, Vice President, Head of Strategic Investment and Capital Markets. Please go ahead. Thank you, Operator. Please note that discussion today will contain four looking statements. relating to the company's future performance and are intended to qualify for the safe harbor from liability as established by ...