Fanhua Inc.

Thank you for standing by for FANWA's third quarter 2020 earnings conference call. At this time, all participants are in a listen-only mode. All lines have been placed on mute to prevent background noise. After the management's preferred remarks, there will be a question and answer session. Please follow the instructions given at that time if you would like to ask a question. For your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within three hours after the conference is finished. Please visit Sanwa's IR website at ir.sanwaholdings.com under the Events and Webcast section. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the meeting over to your host for today's conference, Ms. Oasis Kew, FONWA's Investor Relations Manager. Please go ahead.

Good morning. Thank you. Good morning. Welcome to the third quarter 2020 Endings Conference Call. The Endings results were released earlier today and are available on our IR website as well as our news file. Before we continue, Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the United States Private Security Litigation Reform Act of 1995. The accuracy of those statements may be impacted by a number of business risks and uncertainties that could cause our actual results to differ materially from those projected or anticipated. Such risks and uncertainties include but not limited to those outlined in our filing with the FCC, including our registration statement on Sum 20F. We do not undertake any obligation to update this forward-looking information as required under applicable law. Joining us today are our Chief Executive Officer, Mr. Chun-Ling Wang, Chief Financial Officer, Mr. Peng Guo, Mr. Wang will provide a review of financial and operating highlights in the third quarter of 2020. There will be a Q&A session after to prepare remarks. Now I will turn the call over to Mr. Wang.

Hello, everyone. Welcome to the third quarter of 2020. Thank you for joining us on today's conference call.