Ladies and gentlemen, thank you for standing by, and welcome to the Aurora Mobile Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instruction will be given at that time. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your host today, Rene Vanguestaine. Thank you. Please go ahead, sir..

Thank you, Michel. Hello, everyone, and thank you for joining us today. Aurora's earnings release was distributed earlier today and is available on the IR website at ir.jiguang.cn. On the call today are Mr. Shan-Nen Bong, Chief Financial Officer; and Mr. Guangyan Chen, General Manager. [Operator Instructions].

Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995.

These forward-looking statements are based upon management's current expectations and current market and operating conditions, which are difficult to predict and may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements.

Further information regarding these and other risks, uncertainties and/or factors are included in the company's filings with the U.S. Securities and Exchange Commission.

The company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. With that, I'd now like to turn the conference over to Mr. Bong. Please go ahead..

one, our Developer Service subscription and Financial Risk Management businesses recorded 3 consecutive revenue growth; two, we have more than 100 Engage less paying customer from 16 countries and region around the globe with cumulative signed contract value exceeded CNY 10 million; three, we have the highest quarterly gross profit and lowest quarterly OpEx in 2023; four, we have turned adjusted EBITDA positive.

Lastly, before I conclude, I'll give a quick update on our share repurchase plan. In the quarter ended September 30, 2023, we have repurchased 854,000 ADS. Cumulatively, we have repurchased a total of 2.69 million ADS since the start of our program. And this concludes management's prepared remarks. We'll be happy to take questions now.

Operator, please proceed..

[Operator Instructions] Our first question comes from Calvin Wong with Spica Capital..

I would like to ask few, if I may. First of all, congrats on your great Q3 results, it seems that the positive adjusted EBITDA has come earlier than we have discussed last quarter. So appreciate the management can share more how this is achieved and whether we will continue to see positive adjusted EBITDA going forward.

And second question is about EngageLab business. It is great to see that you have signed up more than 100 overseas customers with more than CNY 10 million contract value within the year.

So with this, I would like to hear from the management how do you go about expanding this EngageLab business outside of China? And how you managed to make such enroll in overseas markets. So two questions. One on adjusted EBITDA and, two, EngageLab business..

one, this ISV are well connected in their respective domestic market with many existing customers that they can help to sell our product; and two, as we present in different overseas market reduced our need to invest to set up offices, hire local sales team in the respective countries; and thirdly, to this ISV, it also help us -- save us to deal with individual customers on contract and negotiation on pricing, on cash collection, which save us on administrative burden.

I guess in short, EngageLab overseas services -- or business is important for us, and it represents a new growth engine for us, which is less reliant on the Chinese mainland economic environment to a last degree. So it acts as a good buffer for us to continue on the revenue growth plan regardless of the situation onshore.

So Calvin, I hope I answered your question..

[Operator Instructions] There are no further questions at this time. I'd like to turn the call back over to Rene for any closing remarks..

Thank you, everyone, for joining our call tonight. If you have any further questions and comments, please don't hesitate to reach out to the IR team. This concludes the call. Have a good day. Thank you..

Thank you for participating. This does conclude the program, and you may now disconnect. Everyone, have a great day..