Fanhua Inc.

standing by for FANHUA's first quarter 2021 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 prepared remarks, there will be a question and answer session. Please follow the instructions given at the time if you would like to ask a question. For your information, this conference is now being broadcast live over the internet. Webcast replay will be available within three hours after the conference is finished. Please visit Fan Hua's IR website at ir.fanhuaholdings.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, Fan Hua's investor relations manager.

Good morning. Welcome to our first quarter 2021 Endings Conference Call. The Endings results were released earlier today and are available on our IR website as well as on Newswire. 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 the 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 statements and some 20Fs. 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. Chenlin Wang, Chief Financial Officer, Mr. Peng Ge, and Board Secretary, Li Li Li. Mr. Wang will provide a review of our financial and operational highlights in the first quarter of 2021, There will be a Q&A session after the prepared remarks. Now I return the call over to Mr. Wang.

In 2021, the first quarter,