Good afternoon, everyone. Welcome to Innolux second half investor conference. Participants will be listen-only mode during the presentation. You may download the Chinese and English conference materials at innolux.com. Please be reminded, the presentation includes forward-looking information based on our current expectations. Actual results may differ materially due to various market factors. To understand these risks, please take a moment to read the disclaimer notice line. Today's meeting, we will have Mr. Jim Hung, Innolux Chairman and CEO, to provide us information on market overview, corporate strategies, and financial results. After that, we will conduct a question- and- answer session. Now I will hand it over to Jim. Okay, thanks, Phoebe. Again, thank you for joining us today on Innolux second half investor conference. I will start today's presentation with a quick summary. Of course, we divide the company's overall business into two major domains, on the display and the non-display. On the display side, our core business continue to be impacted by the consumer sentiment and also the component price hike. I think as everyone knows that the memory price had been skyrocketed, so that also impact into the overall buying behavior, that we will explain later on, how that impact to our results. On the non-display side, which is much more steady, we have continued to see improvement on our shipment and also overall earnings performance on the non-display side. Also we have seen a positive momentum on the market consensus. We have seen some of the upward revision on the company's forward-looking earnings estimate. Our EPS from 2026 - 2028 has been seeing the greater improvement. We thank you for the investors' confidence on us. So far, this align with our continued transformation strategy. We try to lower our seasonality on the earnings, while improve continually on our overall performance. Later on, we will explain more into the details. On the panels core business, I divided by the products. On the TV side, the overall market shipment was expected to be down about 3% year-on-year, while the area or the size are probably down slightly 1%. This is mainly due to a lot of the Chinese manufacturers using the high generation G10 or 10.5 line for the large size TV. While Innolux differentiate ourself on focusing at the 50 inch or below market segmentation, which we believe we have a much stronger cost advantage and also a much better customer engagement. So overall, our shipment on the TV we believe will be flat or even slightly gross year-on-year. On the monitor side, the market overall still focus on the high-end gaming and also the OLED model. So far, I think our high-end monitor has already account more than 50% of the overall monitor shipment. So this is also a positive feedback from both of the TV and the monitor products. On the notebook side, which is impact significantly by the market momentum, I think the major impact from the high memory price has been trigger the customer to have a defensive inventory. They pull in a lot of the demand from second half to first half. That is also why first half we have been seeing the more positive buying behavior than expected. While in return, I think the second half, probably even to the early next year, we are expect to see some slowing down of this notebook demand. This is for the customer to try to avoid the cost rising and also the extended lead time. So the momentum on the notebook side in the next probably six to nine months, we expect to be slowing down. However, in a longer term, we do believe that AI PC wave will continue to trigger the new refresh cycle in the longer term. So that is a long-term positive. On the other hand, on the non-commodity, the industrial demand which continue to see a very steady growth thanks to the booming of the Edge AI. Also our own ecosystem, like InnoGallery, has seen the positive feedback from the customers. So the industrial demand, we continue to invest and continue to see the great improvement by more orders. Next page is on the company strategy. I am sure that people who have been following us are very familiar with this page. These four major pillars are the ones we use to identify our own transformation strategy. We review ourself, all the assets from facility to capacity, and also, eventually want to yield a better profitability in the return. Our overall transformation strategy remain unchanged at the light assets, and also maximize our investors' return. So in 2026, we have announced to dispose three plants, include both Fab 2 and Fab 5. Also, we have a smaller plant, a module plant, also announced earlier to dispose. So far, just want to emphasize again that we are not dispose this plant for a one-time gain. More important, by unload these assets, we believe this will help to ease our long-term maintenance expense, our cost. So, this actually help us to improve on our margin side, and we have been seeing the positive feedback on this from both the clients and the internal feedback. We believe that this positive momentum should continue to go on. This will definitely help with our shareholders' return. To further elaborate more, in order to maximize our ROE, on one hand, or we see a relatively short to mid-term, our focus is to improve our overall revenue and earnings breakdown by focusing more into the high margin business. That is on the both non-commodity and non-panel side. While our bigger contribution now has continued to help to support and improve our business. Also earlier, we mentioned about the triple lights of our idle plants has also reduced our maintenance cost and the CapEx. So this is for the short-term improvement. While in the long term, we are still definitely focusing at the next major earnings growth driver. As many people already mentioned, one of our key focus is on advanced packaging, the fan-out PLP. We will use the next few page also explain more on this earnings driver. Other than this, one of our independent company, CarUX, which focus on the panel side or the auto panel. After last year, we announced to acquire the long-term branded company, Pioneer, has been create this positive momentum for the overall smart car environment. We believe that CarUX combination with Pioneer to create a synergy as the tier 1 position in the auto business will also be the major earnings driver in the longer term. On the semiconductor side, I think people who are familiar with the fan-out PLP knows that Innolux has invest on all the three technologies from chip-first to RDL and also TGV. On the chip-first, it is already in the commercial run, in the mass production. Our total shipment from very beginning on the testing to right now, already more than 10 times growth, and we continue to see double-digit growth this year. This is a continued business. Although the technology barrier on the chip-first is lower, however, it is a steady revenue driver, and also help with our continued support to the RDL and TGV business. As you know that chip-first is only a temporary carrier, so you will unload our carrier before the shipment. While on the other hand, the RDL and the TGV, which is a much higher entry barrier, and we have been very positive to see our strategy partner working together with us to provide this TGV and metallization. As you can see on the slides that our COA of the organic substrate was being replaced from original organic to the glass substrate, because we believe this provides a much better interconnect density and also a much better warpage control, the heat dissipation effect. Although we believe that this technology can help with the overall semiconductor industry to move to the next step, and we are very honored to working closely with our partners to the global support to the global supply customers. To further elaborate on the RDL and comparison to the chip-first, I think people are aware that RDL and TGV are both aimed for the high-end, because the heat and the warpage control are the key for the high-performance computing. On the RDL, because we do the backside modification, which removes or grinds away the backside, so it actually allows a much thinner IC, and also helps significantly with a better cooling effect. Also because RDL is a compound material, which allows for the finer wiring space, and also because the glass itself is more rigid, so the warpage effect is also a significant improvement from the original flip chip technology. On the back of both advantage, we continue to see the strong engagement from the customer side to leverage with RDL. This page shows you that the RDL, obviously, is a type of the packaging, and we are using that into the glass substrate and as an upstream foundation material. This much better CTE is able to provide a mechanical benefit and also the electrical benefit. Our ultimate goal is to help to enhance the power delivery performance on the per unit area. This, we believe, is in the AI or HPC era, what all the customers are eventually looking for. That is also why we believe the TGV technology can help GCS, the glass core substrate, to fulfill what the customers need. According to the market research, the fan-out PLP and the glass substrate packaging, the market is expected to have a significant growth, a CAGR of more than 50% over years. This is on the back of the AI and the HPC's applications. We are seeing this and definitely witnessing for the market size, tremendous growth. We expect as the first-moving advantage to help the company to realize a significant share of this part of the business. Traditional packaging, of course, have its limits. However, we believe it is complementary to each other, so it is a feasible solution. We are very open and have a greater potential to work with all the outside partners. Lastly, in terms of our financial results. Our revenue in the first half on the non-display and the non-commodity has reached about 55% in the first half. Both domain has a double-digit gross margin. This is actually what we said earlier, our transformation. The whole purpose is to minimize the cyclical impact of the commodity. We do see this improvement or the growing percentage of the non-commodity and non-display have helped the company to stabilize our margins. Next page shows you our second quarter result. Our gross profit has improved from first quarter's 14.4 - 14.6, and our operating profit also has seen a positive improvement. Of course, this is also thanks to the great team efforts on the cost control. The company has been working extremely hard on this side. Our depreciation and amortization is marked about TWD 7.5 billion. Also, our CapEx, about TWD 2.3 billion. As you can see that in the second quarter, our significant increase of the net profit after tax, also due to our deferred tax assets for our last loss carry-forward, roughly about TWD 3 billion. That makes to our total EPS in the first half, about TWD 0.77. In terms of our balance sheet, Innolux has continued to run on the net cash base. Actually, our net debt to equity is -10. The company is sitting on the net cash position, and we are trying to further leverage our healthy financial situation to build into the support for our development on both the fan-out PLP and the other new areas, which need investments. However, we also want to emphasize again that we are very cautious in terms of our future assets investment. We want to stay more on the asset light. Our current ratio and, of course, our quick ratio are also at the very healthy stage. I think I will stop here to take any questions. [Non-English content]。Now is the Q&A session. We will have two parts today. In the first part, we will answer the questions collect from investor in earlier time. After that, we will take online questions。[Non-English content]FOPLP, [Non-English content]？ [Non-English content] [Non-English content] TGV [Non-English content]？ TGV [Non-English content] substrate，[Non-English content]，CTE [Non-English content] [Non-English content] [Non-English content] Now is the session for online questions. You may raise your question in English or Mandarin via telephone or message box of the website. Please state your corporation and your name before question. If you would like to ask the question, please press star key and number one on your telephone keypad and you will enter the queue. After you are announced, please ask your question. To cancel your question, please press star key and number two. Thank you. [Non-English content] If you would like to ask the question, please press star one on your telephone keypad. Thank you. [Non-English content] Morgan Stanley [Non-English content] Hill Huang, [Non-English content] glass substrate [Non-English content] CapEx [Non-English content]？ [Non-English content] [Non-English content] TGV process [Non-English content] glass core substrate [Non-English content] market research [Non-English content] 2028 [Non-English content] 2028 [Non-English content] metallization, [Non-English content] ABF [Non-English content] take time, [Non-English content] 100% [Non-English content] [Non-English content] FOPLP [Non-English content] [Non-English-Content] FOPLP [Non-English content]？ [Non-English content] [Non-English content] 4,000 [Non-English content] non-commodity [Non-English content] industrial [Non-English content] FOPLP [Non-English content] [Non-English content]] If you would like to ask the question, please press star one on your telephone keypad. Thank you. [Non-English content] [Non-English content] synergy，[Non-English content] CarUX [Non-English content] Pioneer, [Non-English content] head unit, [Non-English content] speaker[Non-English content] positive [Non-English content] synergy。 [Non-English content] [Non-English content] optimal stage[Non-English content] 2024, [Non-English content] 2023 [Non-English content] [Non-English content] [Non-English content] idle cash[Non-English content] CapEx [Non-English content] [Non-English content] Thank you for joining us today. We are going to conclude the call now. Conference replay will be available in an hour at the company's website www.innolux.com. Goodbye and have a great day.