Fanhua Inc.

Thank you for standing by for FANWA's first quarter and first half 2021 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 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 FONWA's IR website at ir.fonwaholdings.com under the Events and Webcasts section. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I'd like to turn the meeting over to your host for today's conference, Ms. Oasis Kew, FundWars Investor Relations Manager.

Good morning and good evening. Welcome to our second quarter and first half 2021 earnings conference call. The earnings results were released earlier today and are available on our IL 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 includes but not limited to those outlined in our filings with the SEC, including our registration statement on Zoom 20F. We do not undertake any obligation to update this forward-looking information, except as required under the applicable law. Joining us today are our Chief Executive Officer and Chairman of the Board, Mr. Chun-Ling Wang, Chief Financial Officer, Mr. Peng Ge, and Board Secretary, Lily Li. Mr. Wang will provide a review of our financial and operational highlights in the second quarter and first half of 2021. There will be a Q&A session after the prepared remarks. Now I will turn the call over to Mr. Wang.

Good morning and good evening. Thank you for participating in today's conference call. On the one hand, the pandemic has had a profound impact on the national economy and business activities, directly or indirectly leading to a decline in the consumer confidence and purchasing power of middle-class families. Many industries have gradually