Good day, thank you for standing by. Welcome to the Antelope Enterprise first half 2021 earnings conference call. At this time, all participants are in a listen-only mode. After the speakers' presentations, there will be a question and answer session. To ask a question during the session, you will need to press star one on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star zero. I'd like to hand the conference over to your speaker today, David Rudnick. Please go ahead. Thank you, Lisa. Good morning, ladies and gentlemen, and good evening those of you who are joining us from China. Welcome to Antelope Enterprise's first half 2021 earnings conference call. With us today are Antelope Enterprise's Chief Executive Officer, Ms. Meishuang Huang, and its Chief Financial Officer, Mr. Edmund Hen. Before I turn the call over to Ms. Huang, I would like to address forward-looking statements that may be discussed on the call. Forward-looking statements involve risks and uncertainties, and include, among others, those regarding revenue, operating expenses, other income and expense, taxes and future business outlook. Actual future performance, outcomes, and results may differ materially from those expressed in forward-looking statements. The company claims the safe harbor of protections for such forward-looking statements as contemplated under the Private Securities Litigation Reform Act of 1995. Please refer to the documents filed by the company with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. We assume no obligation to update any forward-looking statements or information, which speak as of their respective dates. Now it's my pleasure to turn the call over to Antelope Enterprise's CEO, Ms. Meishuang Huang, and Antelope Enterprise's CFO, Mr. Edmund Hen. Xiao Lu Ji will be translating for Ms. Huang. Ms. Huang, you may proceed. Thank you, David. On behalf of the company, I would like to welcome everyone to our first half 2021 earnings conference call. For the first half of 2021, we experienced challenging market conditions due to the slowdown of the real estate sector in China, which was still being impacted by the continued effects of the COVID-19 pandemic. Our sustained marketing efforts during this period enabled us to realize an 11% increase in sales volume in the first half of fiscal 2021 as compared to the same period of 2021. We made a strategic decision to sell products already in inventory at available market prices that are below our cost of production, which hindered our profitability for the first half of 2021. This will help us to shift the momentum of the company towards future growth. For the first half of 2021, we utilized production facilities capable of producing 1.1 million sq m of ceramic tiles per year out of effective annual production capacity of 51.6 million sq m of ceramic tiles. We took production offline at our Hengda facility for the first half 2021, expecting that we won't lease to a third party since we determined that we had ample inventory available to work through our sales channels. While we are committed to our core business, we are also focused upon diversifying our business lines to fuel our growth. We are encouraged that Antelope Chengdu, one of our subsidiaries in the financial technology sector, contributed a significant level of revenues to our financial performance for the first half of 2021. We believe the industry will continue to benefit from the important position of the real estate industry in the Chinese economy. We expect that the Chinese government's renewed efforts to expand the economic expansion will continue the current market's steady growth, and existing housing prices will rise, driving our business earnings to further improve. We believe that our building materials sector will continue to benefit from importance of the real sector to the Chinese economy. We believe that the Chinese government's renewed efforts to promote affordable housing, projected growth in lower tier cities, and upgrading of existing housing stock are potential catalysts that could benefit our business. With that, I would like to turn over the call to the company's Chief Financial Officer, Mr. Edmund Hen, who will discuss the company's first half 2021 earnings results in more detail. Thank you. Thank you, Ms. Huang. I will now move on to a more detailed discussion of our financial results for the six months end June 30th, 2021. Our revenue for the six months end June 30th, 2021, was RMB 50.1 million, or $7.7 million, a 25.9% increase from RMB 39.8 million, or $5.6 million, for the same period of 2020. The increase in revenue was due a 6% increase in the sales of ceramic tiles to RMB 32.2 million, or $6.5 million, for the six months of 2021 as compared to RMB 39.8 million, or $5.6 million, for the same period of 2020, and RMB 7.9 million, or $1.2 million, in software rights with revenue from Antelope Chengdu. The increase in sales of ceramic tiles was due to an 11.1% increase in our sales volume to 2 million sq m of ceramic tiles for the six months end June 30th, 2021. Compared to 1.8 million sq m of ceramic tile for the same period of 2020, which was partially offset by an 8.6% period-over-period decrease in our average selling price. Gross loss for the six months end June 30th, 2021, was RMB 6.5 million, or $1 million, as compared to gross profit of RMB 0.9 million, or $0.1 million, for the same period of 2020. The gross loss margin was 13% as compared to a gross profit margin 2.4% for the same period of 2020. Our income for the six months end June 30th, 2021, was RMB 7.1 million, or $1.1 million, compared to the RMB 9.8 million, or $1.4 million, for the comparable period of 2020. Other income primarily consists of rental income for the company received by leasing out one of its production lines from its Hengda facility pursuant to an eight-year lease contract. In addition, we realized RMB 2.4 million, or $0.3 million, in technology consulting income from our newly incorporated subsidiary, Chengdu Future, during the six months end June 30th, 2020. Selling and distribution expenses for the six months end June 30th, 2021, were RMB 3.2 million, or $0.5 million. A decrease from RMB 5.2 million, or $0.7 million, for the comparable period of 2020. Administrative expenses for the six month end June 30th, 2021, were RMB 7.2 million, or $2.7 million, as compared to RMB 14.7 million, or $2.1 million, for the same period of 2020. Bad debt expense for the six months end June 30th, 2021, was RMB 49.8 million, or $7.7 million, as compared to bad debt expense of RMB 101.8 million, or $14.4 million, for the same period 2020. We recognize the loss allowance for expected credit loss on our financial assets, primarily on trade receivables, which are subject to impairment under our IFRS 9 financial instruments. We believe that we have undertaken appropriate measures to reserve our bad debt expense. We will continue to review each of our customers for credit quality as well as assiduously test their account receivables balances in each upcoming fiscal period. Net loss for the six months end June 30th, 2021 was RMB 70.8 million or $10.9 million as compared to net loss of RMB 111.5 million or $15.8 million for the same period 2020. The decrease in net loss was mainly due to a decrease in bad debt expense, which was partially offset by an increase in gross loss and an increase in administrative expenses. Loss per basic and fully diluted share for the six months end June 30th, 2021 was RMB 16.24 or $2.51 as compared to loss per basic and fully diluted share of RMB 40.82 or $5.77 for the same period of 2020, with the latter figures retroactively presented for the three to one reverse stock split effective on September 1st, 2020. Turning to our balance sheet. As of June 30th, 2021, we had a cash and bank balances of RMB 34 million or $5.3 million compared to RMB 12.3 million or $1.9 million as of December 31st, 2020. As of June 30th, 2021, our inventory turn was 128 days as compared to 119 days as of December 31st, 2020. The decrease in inventory turnover days was primarily due to the cessation of production at our Hengda facility during the six months end June 30th, 2021, due to our plan to primarily utilize current inventory in stock. We believe that the value of our current inventory is realizable. Our trade receivables turnover, net of value-added tax, as of June 30th, 2021, was 253 days as compared to 242 days as of December 31st, 2020. The increase in trade receivables turnover was primarily due to the slow collection of our trade receivables as a result of tight cash flow as reported by our customer due to the COVID-19 pandemic. Our trade payable turnover, net of value-added tax, was 70 days as of June 30th, 2021 as compared to 22 days as of December 31st, 2020. The average turnover days was within the normal credit period of one to four months granted by our suppliers. In terms of our plant utilization and capacity, we utilized the plant capacity capable of producing 1.1 million sq m of ceramic tiles for the six months end June 30, 2021, as compared to six months end June 30, 2020, when we utilized production capacity capable of producing 2.6 million sq m. Our Hengda facility has an annual production capacity of 22.8 million sq m of ceramic tiles, and we utilized the production capacity at the facility capable of producing 1.1 million sq m of ceramic tiles for the six months end June 30, 2021. Our Hengda facility has an annual production capacity of 28.8 million sq m, which excludes our leasing out 10 million sq m of production capacity to a third party, and we utilized no production capacity at our Hengda facility for the six months end June 30, 2021, due to having utilized current inventory in stock. We review the level of capital expenditure throughout the year and make adjustments subject to market conditions. Although business conditions are subject to change, we anticipate a modest level of capital expenditure for the remainder of 2021, other than those associated with minimal upgrades, small repairs, and maintenance of equipment. Moving to our business outlook. For the first half of 2021, the company's operating results were impacted by the continued slowdown of China real estate sector, which was still being impacted by the continued effects of the COVID-19 pandemic. Although we realized a 6% period-over-period increase in revenue from sales of ceramic tiles. We make a strategic decision to sell product already in inventory at available market prices that fall below our cost of production, which results in gross loss. However, the generation of RMB 7.9 million or $1.2 million in revenue from one of our new subsidiaries in the financial technology sector enabled us to realize a 26.9% increase in total revenue for the six months end June 30th, 2021, as compared to the same period 2020. Looking forward, China real estate sector continues to be a vital component of China's economic growth as the sector and its impact on the other business activity is estimated to comprise 25% of China's GDP. However, certain factors could potentially limit the growth of the real estate sector. For example, in order to stem new estate speculation and tighten credit, the Chinese government has outlined measures placing a ceiling on debt relative to property developers' cash flows, accessed at council level. The impact of such credit tightening measures on property developer sector could reduce land purchases and real estate development. In addition, as it has in the past, the central government could impose lending curbs, such as constraints on mortgage lending and restriction on the number of homes that family can buy. Further, certain municipality have held land auction in order to cool what have been excessive price bidding at land auctions. We anticipate that this trend could potentially limit new project development. Which could make the business condition for the construction and building material sectors challenging. We believe that the real estate and construction sector will continue to grow in the long term, which is of key importance to the building material sector. The urbanization continues to be a key driven driver for construction activity. In addition, the Chinese government has announced that they intend to promote the construction of 1 million affordable housing unit in 2021. This, along with the upgrading of neglected housing stock and the renovation of existing home, could lead to a higher demand for building materials. We believe that the demand for our products will mostly come from tier 3 and lower tier cities, as well as tier 4 cities over the next few years. However, we will also market our product to tier 1 and tier 2 cities as the opportunity arise. We will be increasing our effort to secure customers in the larger Southeast Asia markets. We remain focused on diversifying our operations to fuel our growth as a new subsidiary in the financial technology sector contribute to a significant level of revenue to our financial performance in the first half of 2021. This business outlook reflects the company's current and preliminary views and is based on the information currently available to us, which are subject to change and is subject to risk and uncertainties, as well as risks and uncertainties identified in the company's public filings. At this point, we would like to open up the call to any questions pertaining to our first half of 2021 financial results. Operator. Yes? Certainly. As a reminder, to ask a question, you will need to press star one on your telephone. To withdraw your question, press the pound or hash key. Please stand by while we compile the Q&A roster. Again, that's star one on your telephone. Once again, to ask a question, you will need to press star one on your telephone. Thank you. There are no questions at this time. I would like to hand the conference back to our speakers. I would like to hand the conference back to David since we have no questions at the moment. Thank you. Thank you. On behalf of the entire Antelope Enterprise management team, I want to thank all of you for your interest and participation on this call. This concludes Antelope Enterprise's first half 2021 earnings call. Thank you all very much. This concludes today's conference call. Thank you for participating. You may now disconnect.