Good day, welcome to the Antelope Enterprise Holdings second half and fiscal year 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 a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to David Rudnick. Please go ahead. Thank you, Marliese. Good morning, ladies and gentlemen. Good evening to those of you who are joining us from China. Welcome to Antelope Enterprise Holdings second half of fiscal year end 2022 earnings conference call. With us today are Antelope Enterprise's Chief Executive Officer, Mr. Will Zhang, and Chief Financial Officer, Mr. Edmond Hen. Before I turn the call over to Mr. Zhang, 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 for future 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 to the company with the SEC, specifically the most recent portion of 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 CEO, Mr. Will Zhang, and Antelope Enterprise CFO, Mr. Edmond Hen. Charlie Jay will be translating for CEO Will Zhang. Mr. Zhang, you may proceed. 好 ， 谢 谢 大 卫 。 呃 ， 我 谨 代 表 公 司 欢 迎 大 家 参 加 二 零 ， 二 零 二 二 年 财 年 下 半 年 和 年 末 的 财 报 电 话 会 议 。 谢 谢 大 家 。 Thank you, David. On behalf of the company, I would like to welcome everyone to our second half and the fiscal year end 2022 earnings conference call. 我 为 我 们 团 队 在 2022 年 取 得 的 成 绩 感 到 非 常 的 自 豪 ， 并 对 我 们 成 功 执 行 进 入 了 高 增 长 的 直 播 电 商 领 域 的 战 略 计 划 和 成 果 感 到 满 意 。 在 为 我 们 挣 从 传 统 的 服 装 行 业 剥 离 的 同 时 ， 我 们 的 麒 麟 云 直 播 子 公 司 在 2022 年 下 半 年 贡 献 了 总 收 入 的 96% 。 直 播 电 商 业 务 在 2022 财 年 总 收 入 达 到 了 $40.7 million 。 超 过 我 们 的 预 测 公 告 。 同 时 ， 麒 麟 云 平 台 上 注 册 的 网 红 主 播 数 从 2021 年 的 39,624 人 增 加 到 2022 年 的 316,696 人 ， 增 加 了 8 倍 。 谢 谢 。 I'm extremely proud of the achievements of our team in 2022, and pleased with our results as we successfully executed on our strategic plan to enter the high growth livestreaming ecommerce sector. Our KylinCloud livestreaming business generating 96% of our total revenue for the second half of 2022, as we pivoted away from the legacy ceramic tile building materials business, which was divested on April 28, 2023. Our final revenue for our live commerce business came in $40.7 million for the full year 2022, modestly ahead of our pre-announcement. The registered influencers and hosts on our KylinCloud platform increased 8 times to 316,696 in 2022, from 39,624 in 2021. 作 为 直 播 电 商 的 先 行 者 ， KylinCloud 通 过 将 企 业 品 牌 特 征 、 产 品 和 主 播 网 红 进 行 匹 配 ， 为 消 费 公 司 提 供 一 站 式 直 播 营 销 和 直 播 服 务 ， 这 为 公 司 带 来 增 长 式 的 销 售 额 和 盈 利 能 力 。 我 们 相 信 KylinCloud 作 为 行 业 沉 醉 的 玩 家 ， 具 有 行 业 核 心 竞 争 力 来 增 加 市 占 率 ， 和 在 关 键 销 售 渠 道 具 有 高 度 的 竞 争 力 。 谢 谢 。 As a first mover in the live streaming e-commerce space, KylinCloud provides turnkey live streaming, marketing and broadcasting services to consumer brand companies by matching companies brand characteristics and products with hosts and influencers. This result in live streaming sales presentations that can generate increased sales and profitability for this company. We believe that KylinCloud has the core competencies to increase its market share and be highly competitive in this key sales channel as a pure play in the sector 我 认 为 我 们 面 前 有 巨 大 的 市 场 机 会 ， 以 及 我 们 拥 有 可 实 现 增 长 ， 长 期 增 长 的 财 务 资 源 、 运 营 基 础 及 充 满 活 力 的 团 队 文 化 。 我 对 我 们 独 特 的 商 业 模 式 和 执 行 能 力 感 到 非 常 的 兴 奋 ， 我 有 信 心 为 股 东 创 造 价 值 。 谢 谢 。 I believe that we have tremendous market opportunities ahead of us and have the financial resources, operating infrastructure, and the vibrant team culture to achieve long-term growth. I'm genuinely excited about our unique business model and execution capabilities, and I'm confident that we will create value for our shareholders. 有 鉴 于 此 ， 我 想 请 财 务 总 监 Edmond Hen 先 生 来 详 细 阐 述 公 司 二 零 二 二 年 下 半 年 和 财 - 财 年 末 的 收 益 情 况 。 谢 谢 。 谢 谢 大 家 。 With that, I would like to turn over the call to the company's Chief Financial Officer, Mr. Edmond Hen, who will discuss the company's second half and the fiscal year end 2022 earnings results in more detail. Thank you. Thank you, Mr. Zhang. I will now move to a more detailed discussion of our financial results for the six months December 31st, 2022. Revenue for the six months December 31st, 2022 was RMB 168.1 million or $24.1 million. A 164.3% increase from RMB 63.6 million or $9.9 million for the same period of 2021. The increase in revenue was due to RMB 161.4 million or $23.1 million in revenue generated from KylinCloud. The company's livestreaming ecommerce business in the second half of 2022, which constitute 96% of second half of 2022 of the total company revenue. Gross profit for the six months December 31st, 2022 was RMB 26 million or $3.7 million as compared to RMB 1 million or $9.1 million for the same period of 2021. The increase in gross profit was due to RMB 25 million or $3.6 million in gross profit generated by the company's livestreaming e-commerce business. For the second half of 2022, our gross profit margin was 15.5% for the livestreaming e-commerce business as compared to a gross profit margin of 5.1% for the second half of 2021. Other income for the 6 months December 31st, 2022 was RMB 1.3 million or $9.2 million, as compared to RMB 24,000 or $4,000 for the comparable period of 2021. Selling and distribution expenses. For the 6 months December 31st, 2022 were RMB 14.5 million or $2.1 million, as compared to RMB 24,000 or $4,000 for the comparable period of 2021. The increase was due to an increase in commission expenses, advertising expenses, attributable to KylinCloud. Administrative expenses for the six months December 31st, 2022 were RMB 21.6 million or $3.1 million as compared to RMB 8.3 million or $1.3 million for the same period of 2021. The increase in administrative expenses was mainly due to the increase in professional fees, compensation fees, insurance expenses, R&D, payroll expenses and promotional expenses primarily attributable to KylinCloud. Net loss from continuing operations for the six months December 31st, 2022 was RMB 6.1 million or $9.9 million as compared to RMB 17.7 million or $2.8 million for the same period of 2021. In terms of our livestreaming ecommerce business, net income was RMB 9.7 million or $9.1 million for second half of 2022, and a net loss of RMB 1.4 million or $9.2 million for the second half of 2021. The decrease in the company's total net loss from continuing operations was mainly due to the increase in gross profit attributable to our livestreaming ecommerce business and the reversal of that debt expense that occurred in the second half of 2022 as compared to the same period of 2021. Loss per basic share and fully diluted share from continuing operation from the six months December 31st, 2022 were RMB 0.73 or $0.1, as compared to loss per basic and fully diluted share of RMB 3.44 or $0.53 for the same period of 2021. Turning to our balance sheet. As of December 2022, we had cash and bank balances for RMB 3.9 million or $0.6 million as December 31st, 2022, compared with RMB 27.9 million or $4.4 million as of December 31st, 2021. Trade receivables turnover was 0 of December 31st, 2022 due to no outstanding trade receivables at December 31st, 2022, as compared with 11 days of, as of December 31st, 2021. Trade payable turnover of our social and live streaming e-commerce business was 3 days as of December 31st, 2022, as compared with 7 days as of December 31st, 2021. As has been publicly announced, over the past 2 years, the company announced a corporate transformation to pivot towards high growth technology areas, which include a acquisition of a social and live streaming e-commerce business. In December 2022, the company's board of director unanimously agreed to divest of its legacy ceramic tile building material business. On December 30th, 2022, the company entered into a share purchase agreement issuance where it agreed to sell the company's legacy ceramic tile manufacturing business to New Stonehenge Limited in exchange of a 5% unsecured promissory note with a principal amount of $8.3 million, $8.5 million. The notes will mature in 4 years and a 5% increase in the principal amount of the note is to be paid in 4 annual installments. On February 21st, 2023, the company's shareholders approved the sales of this business. On April 28, the transition closed, and the company completed the divestiture of the business. Moving to our outlook. The company operates a live streaming e-commerce business through its KylinCloud subsidiary, which comprises virtually all of the, all of Antelope Enterprise's ongoing business operation. KylinCloud's platform strategy matches up appropriate hosts and influencers to the product of consumer brand company, which gives sales in increased sales for consumer brand companies. For the second six months and the full year 2022, KylinCloud generated 96% and 84.5% of the company's total revenue respectively. The company believes that live streaming product market is an important growth engine for consumer brand companies since it heightens consumers and engagement and can build brand loyalty through rich contents and online interaction. The company expects the live streaming e-commerce will comprise an ever-increasing percentage of China's e-economy sales in the years ahead, spurred by a consumer ecosystem that include a young demographic and higher, and their high usage ratio of mobile devices. AEHL also believes that China's live streaming e-commerce sector will experience high double-digit growth for many years to come. The company is encouraged by the strong contribution to revenue of its KylinCloud subsidiary to date. This business outlook reflects the company's current and primary 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 second half and fiscal year 2022 financial results. Operator, please. 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 are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed, you would like to withdraw your question, please press Star then two. At this time, we'll pause momentarily to assemble our roster. Again, to ask a question, star one. Our first question comes from Daron Evans from PoC Capital. Darren, please go ahead. Great. Good work on the transition. Course of business, guys. Just 3 questions. First is, how is the first half of 2023 tracking? How is the 2023 or 20... May I repeat? May I have your question again? Sure. How is the first half of this next fiscal year tracking? We do not disclose the forecast for our guidance at this point. We have a significant growth from our data for the first few months. We believe that we will have a very promising revenue from this year. At some point in time, will you guys start to issue guidance? As you may notice, we will announce our results in the second half reporting and also the year-end reporting. Which we believe, somewhere in September, we will announce our second half reporting, so you will know the results for our second half first half results. Whenever we have some good news to the market, we will let the investor knows our good news to them. Okay. Great. How about the ownership, the managing team and major stakeholders? Who kind of are the major owners of the company? we just have announced our this 20-F. You may refer to our annual reports just announced today public today. We have some basic management ownership on the on this 20-F. Okay. Okay, great. All right. That's all my questions. Thank you. Good work, guys. Thank you very much. Again, reminding you, if you want to place a question, press star one. Our next question comes from Jeff Cohn. It's a private investor. Jeff, please go ahead. Yes. How big of a market is this for your KylinCloud? This is a very big market, but we do not have a official statistic on this. We believe that we only have a very small market share at this moment. We believe that we still have a huge room to grow in our sector. Okay. Are there? Yes. Yes. Yes. Are there other public companies that we should compare you to? There's no strict comparison for the public company because we are in a very niche and new sector, and we are doing very differently from the market. But there's one sim with some similarity with our business, which are listed in Hong Kong. The ticket is 2291, I think. I remember. So you may check on that. Okay. Then if I'm reading this right, you're not profitable yet, but when do you expect to reach profitability? We are still in the very beginning of our business right now. We believe that, this year we can have a breakeven. We believe that we will have a breakeven from this year. In terms of future, I cannot promise anything at this moment. We will, we think that we will have a very significant profitability very soon. Okay. Thank you. Thank you. Thank you. Once more, press star one to pose a question. If no more questions are placed at this moment, I would like to turn the conference back over to David Rudnick for any closing remarks. Thank you. Thank you, Marliese. 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 second half and fiscal year 2022 earnings call. Thank you all very much. Thank you for attending today's presentation. You may now disconnect.