Good day, ladies and gentlemen. Thank you for standing by, and welcome to Intchains' First Quarter 2024 Earnings Conference Call. Today's conference is being recorded. If you have any objections, you may disconnect at this time. Joining us today is Mr. Chaowei Yan, Chief Financial Officer of Intchains. Mr. Yan will provide an overview of the company's performance and the details of the company's financial results. After that, we will conduct a question-and-answer session to take your questions. During the question-and-answer session, Mr. Yan will deliver the answers in Chinese, and the company's representative will provide corresponding English translation. Before we continue, I would like to remind you that today's discussions will contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that are based on company's current expectations and projections about future events that the company believes may affect its financial conditions, results of operations, business strategy and financial needs. The company undertakes no obligations to update or revise publicly any forward-looking statements to reflect subsequent concurring events or circumstances or changes in its expectations except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, we cannot assure you that such expectations will turn out to be correct. And the company caution investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the company's registration statements and other filings with the SEC. With that, I'll now turn the call over to Mr. Chaowei Yan, the company's CFO. Mr. Yan, please go ahead.

Thank you, operator, and everyone, for joining Intchains' earnings conference call for the first quarter of fiscal year 2024. On today's call, we'll provide an overview on our operational and financial performance for the first quarter. After that, we will conduct a Q&A session to take your questions. In 2023, we weathered a downturn in the WEB3 industry. However, 2024 has ensured a fresh start as the industry's anticipated upward cycle has arrived. As a leading long infrastructure provider, Intchains is poised to embrace an unprecedented area of opportunities, leveraging our resources and technological advantages to the fullest. We aim to see an opportunity to encounter along the industry and industrial value chain. Our goal is to secure a more prominent position in the WEB3 industry and promote the industry's prosperity as well as our own. The first quarter of 2024 brought several technological success. We integrated our latest 12-nanometer chip technology into Goldshell-branded computing equipment and the -- commenced trial production of our latest household Box series products. Utilizing KHeavyHash and WEB3 algorithms for Kaspa and Altium currency, respectively. We launched the KA BOX for the sale at the end of March and AL BOX in April. Both products have received widespread market recognition. As the trial production and the internal debugging of the 12-nanometer chip concluded, our products equipped with 12-nanometer chip along with various types of computing equipment will commence full-scale production in the second quarter. All of this reaffirms our confidence in the prospects of our new products and their potential positive financial contribution in the coming quarters. As we move through 2024, we will continue strengthening our research and development efforts and introducing asset chip products suitable for WEB3 industry applications. Additionally, we are actively advising collaborations with external teams to explore the tremendous potential…

Thank you once again for joining Intchains' first quarter of fiscal year 2024 financial results and business update conference call today. Have a great day.