Operator

Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to WeRide's First Quarter 2026 Earnings Conference Call. Please note that today's event is being recorded. [Operator Instructions] Please note that the Chinese interpretation is for convenience purposes only. In the case of any discrepancy, management statements in their original language will prevail. Joining us today, WeRide's Founder, Chairman, and CEO, Dr. Tony Han, and CFO and Head of International, Ms. Jennifer Li.

Before we continue, I would like to refer you to the safe harbor statement in the company's earnings press release, which also applies to this call, as today's call will include forward-looking statements, including WeRide's strategy and future plans. These forward-looking statements are made under the safe harbor provision of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. The company's actual results could differ materially from those stated or implied by these forward-looking statements as a result of various important factors, and please refer to the Risk Factors section of the company's Form 20-F filed with the SEC and announcement on the website of the Hong Kong Stock Exchange for a full closure of these risk factors.

The company does not assume any obligation to update any forward-looking statements, except as required under