Fanhua Inc.

Thank you for standing by for FONWA's fourth quarter and fiscal year 2020 earnings conference call. At this time, all participants are in listen-only mode. All lines have been placed on mute to prevent background noise. After the management's prepared remarks, there will be a question and answer session. Please follow the instructions given at that time if you'd like to ask questions. For your information, this conference call is now being broadcast live over the internet. Webcast replay will be available within three hours after the conference is finished. Please visit Funwa's IR website at ir.funwaholdings.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 Chu, Funwa's Investor Relations Manager.

Good morning. Welcome to our fourth quarter and full year 2020 Endings Conference Call. The Endings results were released earlier today and are available on our IR website as well as on your file. Before we continue, please know that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of these 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 filings with the FCC, including our registration statement on Psalm 20F. We do not undertake any obligation to update this forward-looking information. except as required under applicable law. Joining us today are our Chief Executive Officer, Mr. Chenglin Wang, Chief Financial Officer, Mr. Peng Ge. Mr. Wang will provide a review of our financial highlights in fourth quarter and fiscal year 2020. There will be a Q&A session after the prepared remarks. Now I will turn the call over to Mr. Wang.

Hello, everyone. Welcome to the fourth quarter of 2020, the annual financial report conference. Today, I will host the conference with the Chief Financial Officer, Mr. Ge Peng, and the Secretary-General, Ms. Li Li. I will present to you Thank you for joining us on today's conference call. Here with me, we have our Chief Financial Officer, Mr. Punggol, and our Board Secretary, Julie Lee.