Shung Zhang, Head of Capital Markets and Investor Relations. Brian will review business operations and company highlights followed by Sean who will discuss detailed financial results. They will all be available to answer your questions during the Q and A session. Before we proceed, I would like to remind you that this call may contain forward looking statements which are inherently subject to risks and uncertainties that may cause actual results to differ from our current expectations.

For detailed discussions of the risks and uncertainties, please refer to our filings with the sec. Also, please note that unless otherwise stated, all figures mentioned during the conference call are in US Dollars. With that, I would like to introduce our Chairman Brian. Brian will deliver his remarks in Chinese and I will follow up with corresponding English translation. Please go ahead. Brian. Hello everyone. Thank you for joining us for Gamehaus Holdings third quarter fiscal year 2026 earnings.

This quarter we continued to deliver on the efficiency first profitability focused strategy we laid out over the past year. Despite a seasonally softer quarter across our key markets. Revenue came in at approximately $26.2 million above the upper end of the guidance range we set last quarter quarter, underscoring the resilience of our core business. More importantly, the profitability improvement we have been building toward is now clearly visible on a trailing basis.

Over the first nine months of fiscal 2026, we generated approximately $3.2 million in cumulative net income, up roughly 40% year over year. This is not the result of any single quarter. It reflects the compounding effect of the work we have done across our product mix, marketing discipline, cost structure and payment channels over the past several quarters. On the user and monetization side, our investment in more targeted liveOps continues to pay off ARP, DAU reached 0.$55, up approximately 13% year over year and the daily payer conversion improved from 2.2% to 2.4%.

These gains are driven by the player segmentation system we have built out over recent quarters. We use behavioral data to tailor in game events and content for different player segments and we are constantly iterating on the format and presentation of that content to drive stronger engagement and higher willingness to spend. We recognize that Monthly Active Users (MAU) and Daily Active Users (DAU) declined year over year this quarter. That is a direct result of our decision to pull back from low return user acquisition and focus on higher value players.

We see this as a deliberate and acceptable trade off as we shift toward a higher quality revenue mix as multiple new titles Launch through fiscal 2027, we expect our user base to return to growth and the operational infrastructure and segmentation capabilities we have built will allow us to monetize those new users more effectively from day. On. Cost Total operating expenses declined approximately 10.1% year over year. Selling and marketing expenses were down roughly 15.5%, including a $2 million reduction in advertising spend.

By fiscal year end, we expect company wide Direct-to-Consumer (DTC) penetration to reach 15% to 20%. We continue to view Direct-to-Consumer (DTC) as much more than a payment optimization. It is a way to build direct player relationships and that create lasting value. As Direct-to-Consumer (DTC) adoption accelerates across the industry, we intend to remain a fast mover and invest aggressively behind it. On our product pipeline. We made clear progress across both RPG and Puzzle this quarter.

In rpg, the title we signed last quarter is now in commercial testing. Based on current pace, we expect it to go live around the end of Q2 calendar 2026, launching first in Hong Kong, Macau and Taiwan, then extending into Japan and Korea and ultimately into North America, Europe and other regions. A second custom developed RPG is on track to launch around September and this quarter we signed an additional RPG title for global distribution, currently targeting an August to September launch window.

The Parrot. In Puzzle, we tested seven to eight prototypes this quarter. Two of those showed strong enough results to move into expanded development. A moderately scaled puzzle title that is already live continues to serve as a valuable source of real world operational and monetization data, helping us refine our approach across the category. With their longer life cycles and hybrid monetization model, puzzle titles remain an important part of our portfolio strategy.

On technology. AI at gamehouse has moved past the standalone tool space and is now being integrated directly into our core business workflows, our RMD systems and our GBS platform. We see this playing out across three areas. First, AI is moving from individual adoption to company wide standard practice. Live coding is now embedded in the day to day workflows of our product and engineering teams, shifting the way our R and D organization works from a traditional fully manual model towards one where AI copilots work alongside human engineers as a matter of course.

Second, AI is expanding from a productivity tool into a decision support capability. This quarter we rolled out AI driven budget optimization tools and AI agent powered market intelligence, bringing AI into higher stakes functions like AD spend allocation, competitive monitoring and market analysis. Third, we are building enterprise grade AI infrastructure. This quarter we advanced work in parallel on our internal code service system level, MCP integration and open cloud process automation, laying the groundwork for a reusable, scalable and well governed AI platform across the company.

Stepping Back the pace at which our AI capabilities are compounding is also shaping how we think about Gamehaus Holdings' long term identity. Since the beginning we have been focused on connecting global players with great game developers. As AI matures across development, content creation, marketing and user intelligence, we see ourselves evolving from a pure play mobile game publisher into an AI native platform that integrates content creation and global distribution.

This quarter we made real progress on AI generated in game content and over time we intend to build out the full chain from AI content creation through to worldwide publishing. We believe the next era of competitive advantage in content publishing will not be determined by operational scale or data volume alone, but by how deeply a company integrates AI into its publishing stack. This is one of the most important strategic directions for gamehouse going forward, and it is the most significant long term investment we're making on behalf of our shareholders.

Regarding capital returns. As of March 31, 2026, we have repurchased approximately 392,000 Class A ordinary shares for a total of approximately $482,000. We will continue to execute the buyback program opportunistically based on the market conditions, share price and our overall capital allocation framework. Management remains confident in the company's medium and long term prospects and we are committed to balancing reinvestment in the business, profitability and return to shareholders with long term value creation as our guiding priority.

For the fourth quarter of fiscal 2026 ending June 30, 2026, we expect total revenues to be in the range of 23 million to $26 million. This reflects the current pace of product launches, pre launch marketing investment for upcoming titles, and the reallocation of operating resources from certain later life cycle titles. For new. Looking ahead to fiscal 2027 as our next generation of titles reaches the market, backed by a healthier margin structure, a stronger balance sheet and the durable advantages we have established in AI and dtc, we believe the company is well positioned to enter its next chapter of profitable growth.

Thank you David. We the quarter with US$18.3 million in cash and cash equivalents compared with $15.2 million as of June 30, 2025. We believe this provides sufficient liquidity to meet our working capital needs for the next 12 months on capital allocation. As a reminder, our board authorized a fund to million share repurchase program in August 2025 with a one year authorization period through August 18, 2026. As of March 31, 2026, we have repurchased approximately 392,000 Class A ordinary shares for approximately US$482,000.

We are encouraged by the progress we continue to make this quarter. Revenue reached the upper end of our guidance range margin continued to improve and both our DTC initiatives and AI driven operational capabilities continue to gain traction. Looking ahead, we remain focused on execution, strengthening our publishing and platform infrastructure, advancing our product and delivering sustainable long term value for shareholders. With that, we are now happy to take your operator Please proceed.

You have three RPG titles targeting an orchid to September launch window. That's a lot of titles in a narrow time frame. Is there a risk of cannibalization of resources strain and how are you struggling the marketing spend across them? In Brian's earlier remarks, he mentioned that Gamehaus Holdings' longer term goal is to evolve into an AI driven in targeted platform for content generated and distribution. Could you give us some more specific color on this beyond the games you are currently working on, what does this actually mean and where are you today along this path?

I will answer your second question in Chinese first and I will let Allie to translate into English. Sunyani, Thank you for the question. Internally, this positioning has become an increasingly important strategic focus for us. As I see it, the core of this positioning is to connect the two ends of the capability chain we have already built. On one end is distribution. This is our core business built on a decade of expertise in global publishing, user growth, live operations and monetization capabilities.

Okay. That said, our understanding of content is not limited to games. We believe this set of capabilities, AI driven content generation combined with global distribution can in essence be extended to other forms of interactive content beyond games. While staying focused on our core business, we are also proactively exploring the potential applications of this platform capability in the broader content domain. This part is still in the exploratory stage and as conditions mature, we will update the market on our progress in a timely manner.

See, now. I have two questions for management. The first one is Direct-to-Consumer (DTC) is clearly the most accountable margin level in the near term, but 13.9% company wide means 86% of your revenue still flows through platforms paying commission. What's preventing faster adoption? Is it player behavior, platform restrictions, or something else? The operating margin improved to 2.1% this quarter from 1% a year ago, and the cumulative net income for the first nine months grew approximately 40% year over year.

At this stage, the US Is the primary market where we have relatively broad latitude to present third party payment options in game, so we will continue to expand Direct-to-Consumer (DTC) only under a fully combined FLIP framework. Second, from a player behavior perspective, in app, purchases through app stores remain the simplest and most seamless payment method for many users. They require the fewest steps and benefit from strong user trust. If we push third party payment too aggressively, it may negatively affect overall payment conversion.

Therefore, our focus is not simply to maximize the DTC ratio, but to maximize total net revenue. In other words, we need to find the right balance between commission, savings and payment conversion. In addition, in app, purchase performance is also an important signal for platforms when they evaluate product quality and allocate organic traffic. So when we increase DTC penetration, we also need to consider its potential impact on organic traffic, user experience, and the overall economics of each product.

Okay, this is Sean and I will answer your second question in Chinese first. And I will also let Allie to translate my answer into English. Thank you for the question. It's true that part of our current margin does benefit from our deliberate pullback and low efficiency user acquisition. And as we potentially scale that spending back up in fiscal 2027, there will be some give back on that portion. That's a fair point. At the same time, if you look at gross margin, it reached approximately 54% as quarter up about 2 percentage points year over year.

That improvement is unrelated to the level of our user acquisition spend. It is driven by two structural factors. First, the increase in DTC penetration directly reduces our platform commission costs. Second, the optimization of developer profit sharing arrangements. As certain mature titles progress through their life cycle, the portion is sustainable. And as DTC penetration continues to climb toward the 15% to 20% range, this structural gross margin benefit will expand further.

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