Good day, and welcome to the Antelope Enterprise Holdings First Half 2022 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. To withdraw your question, please press star then two. Please note today's event is being recorded. I would now like to turn the conference over to David Rudnick with Precept Investor Relations. Please go ahead, sir. Thank you, Rocco. Good morning, ladies and gentlemen, and good evening to those of you who are joining us from China. Welcome to Antelope Enterprise's First Half 2022 Earnings Conference Call. With us today are Antelope Enterprise Chief Executive Officer, Ms. Meishuang Huang, and Chief Financial Officer, Mr. Edmund Tong. 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. As performance, outcomes and results may differ materially from those expressed in forward-looking statements. The company claims the Safe Harbor 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 cause actual results to differ from those contained in the forward-looking statements. We assume no obligation to updating the 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 Tong. Charlie Jay 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 2022 earnings conference call. For the first half of the fiscal 2022, we continued to execute upon our strategic plan to diversify our business into new technology sectors. Our technology businesses comprise 88% of the total revenue for the first six months of the year, which followed it comprising 38% of the revenue for the second six months of the fiscal 2021. We are pleased with the sequential growth since it confirms our entry into new technology sectors and largely offsets the operating results from our legacy ceramic tile business, which has suffered due to the continued slowdown of the real estate sectors in China. Our new technology subsidiaries are engaged in selected markets in China, which we believe has strong growth potential. This includes business management, information system consulting, online social commerce and media, and live broadcast streaming in China. We are encouraged by the market opportunities as represented by these new sectors and are optimistic that the strategic transformation of the company is on course. Due to the challenging conditions for real estate and building materials in China, in November 2021, we entered into a five-year lease agreement to lease out the Hengdali facility with the same lessee that has been leasing out just a portion of the plant. This decision was consistent with our resolve to pivot towards the new technology growth sectors. We are committed to our strategic plan to transform the company to operate in selected growth technology sectors, and are encouraged by the strong contribution from our new businesses to date. In particular, we believe the online social commerce and live streaming in China will experience sustained growth in the years to come. With that, I would like to turn over the call to the company's Chief Financial Officer, Mr. Edmund Tong, who will discuss the company's first half 2022 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 ending June thirtieth, 2022. Our revenue for the six months ending June thirtieth, 2022 was RMB 135 million or $20.9 million. A 169.3% increase from RMB 50.1 million or $7.7 million for the same period of 2021. The increase in revenue was due to the generation of RMB 118.2 million or $18.3 million in our business management and consulting segment, and which account for 67.6% of the company's total revenue in current period. However, the contribution from our business management and consulting segment was partly offset by RMB 25.5 million or $3.9 million. Decreases in ceramic tile sales, which were RMB 16.7 million or $2.6 million for the six months ending June 30, 2020, a 60.4% decrease from RMB 42.2 million or $6.5 million for the same period in 2021. We produced and sold only porcelain tiles for the six months period ending June 30, 2020 to position our sales effort on a realistic basis as possible to address the difficult business conditions attributable to uncertainties in China's real estate market, as well as the continued effects of the COVID-19 pandemic. The decrease in ceramic tile sales was due to a 65.7% decrease in ceramic tile sales volume to 0.7 million square meters of ceramic tiles from the year-ago six-month period, which was partly offset by a 15.4% increase in average selling price to RMB 23.8 or $3.67. Gross loss for the six months ending June 30, 2020 was RMB 404 thousand or $62 thousand, as compared to a gross loss of RMB 6.5 million or $1 million for the same period of 2021. The blended gross loss margin was 0.3% as compared to a gross loss margin of 13% for the same period of 2021, which mostly consisted of ceramic tile segment. During the first half of 2022, we had a gross profit margin of 13.8% for the ceramic tile segment, and a gross profit margin of 1.6% for the business management and consulting segment. Other income for the six months ending June 30, 2022 was RMB 10.4 million or $1.6 million, as compared to RMB 7.2 million or $1.1 million for the comparable period of 2021. Other income primarily consists of rental income that the company receives by leasing out standard facilities in the entirety which include building, lands and all of its production lines. In addition, we received RMB 632,000 in government grants from a local authority for attracting outside the region enterprises to help develop the local economy. RMB 607,000 in a past subsidy due to the impact of the COVID-19, which occurred via our Hainan Kylin subsidiary. Selling and distribution expenses for the six months ending June 30, 2022 were RMB 6.9 million or $0.7 million, as compared to RMB 3.2 million or $0.5 million for the comparable period of 2021. The increase in selling and distribution expenses was primarily due to an increase in commission expenses of RMB 1.9 million. Administrative expenses for the six months ending June 30, 2022 were RMB 16.5 million or $2.5 million. As compared to RMB 17.2 million or $2.7 million for the same period of 2021. The decrease in administrative expenses was mainly due to a decrease in consultant fees of RMB 4.7 million. The net loss for the six months ended June 30, 2022 was RMB 25.7 million, or $4 million, as compared to a net loss of RMB 70.8 million or $10.9 million for the same period, 2021. The decrease in net loss was mainly due to the decrease in bad debt expense. The decrease in gross loss and an increase in our other income as compared to the same period for 2021. The loss per basic share and fully diluted share for the six months ended June 30, 2022 were RMB 4.88 or $0.75, as compared to a loss per basic and fully diluted share of RMB 16.24 or $2.51 for the same period, 2021. Turning to our balance sheet. As of June 30, 2022, we had cash and bank balances of RMB 15 million or $2.2 million as of June 30, 2022, compared with RMB 27.9 million or $4.4 million as of December 31, 2021. As of June 30, 2022, our inventory turn was 227 days of the June. As of June 30, 2022, as compared to 183 days as of December 31, 2021. The increase in inventory turnover days was primarily due to the continuous slowdown of real estate and the building materials sector in China during the six months ended June 30, 2022. We believe that the value of our current inventory is realizable. The trade receivable turnover of our ceramic tile segment, net of value-added tax, was 329 days as of June 30, 2022, as compared to 168 days as of December 31, 2021. 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 customers due to the COVID-19 pandemic. Trade receivables turnover of our business management and consulting segment was 0.3 days as of June 30, 2022, as compared with 11 days as of December 31, 2021. The decrease in trade receivables turnover from our business management and consulting segment was primarily due to the timely collection of outstanding accounts receivable, including payment received in advance from our clients. The trade payables turnover of our ceramic tile segment, net of value-added tax, was 32 days as of June 30, 2022, as compared with 20 days as of December 31, 2021. The average turnover days was within the normal credit period of one to four months granted by our suppliers. Trade payables turnover of our business management and consulting segment was five days as of June 30, 2022, as compared with seven days as of December 31, 2021. In terms of our plant utilization and capacity, we utilized the plant capacity capable of producing 0.7 million square meters of ceramic tiles for the six months ended June 30, 2022, as compared to the comparable two million square meters for the same period of 2021. Our reduced utilization during the current period was primarily attributable to the continuous slowdown of the real estate industry in China, which was still being impacted by the continued effect of COVID-19 pandemic. All of the current period's production attributable to our Hengda facility, which has a total annual production capacity of 22.8 million square meters of ceramic tiles. Since effective November 1, 2021, we entered into a five-year lease agreement for our Hengdali facility in its entirety, which includes buildings, plants and all of its machinery, improvements and production lines. 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 2022 other than those associated with minimal upgrades, small repairs, and maintenance of equipment. Moving to our business outlook. During the first six months, 2022, we continued to execute on our strategic plan to transform our business to diversify our operations due to the difficulties of our legacy ceramic tile business, which has suffered due to continued slowdown of the real estate sector in China. Therefore, beginning in the first half of fiscal year 2022, we entered into new technology sectors and continued to strategically ramp our effort over the last two years. For the first six months of fiscal 2022, we generate RMB 418.2 million or $18.3 million in revenue from our new subsidiaries in business management, information system consulting, and included the sales of software usage, right of digital data storage platform and asset management system and online social media platforms, including short video, live broadcast, e-commerce platform, development, and consulting. These new businesses account for 87.6% of the company's revenue in the first six months of 2022 and enable us to realize a 169.3% increase in total revenue for the first six months of 2022 as compared to the same period of 2021. In particular, we expect rapid growth to continue in social e-commerce and broadcast industry in China over the next few years, which is the largest in the world. That we believe has a strong growth potential. Such markets include new formats such as live broadcasting, short video, social e-commerce, enterprise management, and real stream media, where we believe our SaaS and PaaS system platform have the capacity to capitalize upon these new modalities. We are optimistic as to the market opportunities represented by this new sector and are encouraged by strong contribution to revenue of our new technology business to date. In terms of our ceramic tile segment for the six months ended June 30, 2022, its operating results continued to be impacted by the slowdown of China's real estate sector. This is attributable to several factors, including the continued effect of COVID-19 pandemic, China's central government bringing in real estate developers, the stricter financial rules due to the sector's overleveraging, homebuyer mortgage boycotts on unfinished homes, the construction in new home building stops, overbuilding in some lower-tier cities, and continued drop in home prices. Due to these challenging conditions, for the six months ending June 30, 2022, we developed a plan to produce and sell only our porcelain ceramic tiles, which is our best-selling and highest margin ceramic tiles in order to address the market on as realistic basis as possible. However, the amendment of this plan was not able to surmount the difficult market conditions of the first six months of 2022. The sales of porcelain ceramic tile and therefore our ceramic tile segment declined 60.4% for the first six months of fiscal 2022 as compared to the year-ago period. Looking forward, we will continue to evaluate any improvement in the market conditions of ceramic real estate sector and develop further strategies as needed. The business outlook reflects the company's current and preliminary views and is based on information currently available to us, which are subject to change and subject to risks 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 2022 financial results. Operator. Thank you. We will now begin the question and answer session. To ask a question, you may press star then one on your touchtone phone. If you're using a speakerphone, we ask that you please pick up your handset before pressing the keys. To withdraw your question, please press star then two. We'll pause momentarily to assemble our roster. Ladies and gentlemen, as a reminder, if you'd like to ask a question, please press star then one at this time. Ladies and gentlemen, this concludes our question and answer session. I'd like to turn the conference back over to the management team for any final remarks. Thank you, Rocco. On behalf of the entire Antelope Enterprise management team, I want to thank all of you for your interest and participation on the call. This concludes Antelope Enterprise's first half 2022 earnings call. Thank you. Thank you, ladies and gentlemen. Today's conference has now concluded. You may disconnect your lines and have a wonderful day.