Operator

Good day, and welcome to the Yiren Digital First Quarter 2026 Earnings Conference Call. Before we begin, we'd like to remind you that discussions during this call contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements are subject to risks, uncertainties and factors that could cause actual results to differ materially from those contained in any such statements. Further information regarding such risks, uncertainties or factors is included in the company's filings with the U.S. Securities and Exchange Commission. We do not undertake any obligation to update any forward-looking statements as required under relevant law.

During the call, we will be referring to certain non-GAAP financial measures and supplemental measures to review and assess the company's operating performance. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the U.S. GAAP. For information about those non-GAAP financial measures and the reconciliations to GAAP measures, please refer to the company's earnings press release.

As a reminder, this conference is being recorded. An investor presentation and a webcast replay of this conference call will be available on Yiren Digital's IR website. I will now turn the call over to the company's CEO, Mr. Tang, for opening remarks.

Ning Tang
Executive Chairman & CEO

Everyone, and thank you for joining us. The positive trends we discussed last quarter continued to build in the first quarter, marking another important step forward in our transformation. We entered the year with stronger fundamentals in our traditional businesses, while making meaningful progress toward