Fanhua Inc.

Thank you for standing by for FONWA's third 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 prepared remarks, there will be a question and answer session. Please follow the instruction given at the 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 FunWAS IR website at ir.funwasholdings.com under the event and webcast section. Today's conference is being recorded. If you have any objections, you may now disconnect this time. I would like to turn the meeting over to your host for today's conference, Ms. Oasis Kueh, FundWise Investor Relations Manager. Thank you. Please go ahead.

Good morning. Welcome to our third quarter 2021 earnings conference call. The earnings 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 US 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 SEC Commission, including our registration statement on Firm 20F. We do not undertake any obligations to update this forward-looking information, except as required under applicable law. Joining us today are our Chief Executive Officer, Mr. Chen Lin-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 third quarter of 2021. There will be a Q&A session after the prepared remarks. Now I will turn the call over to Mr. Wang. 大家好,非常感谢大家参加今天的季报会议与市场研判。

Although China's economy has maintained a steady recovery, the economic recovery of various industries is not balanced due to the impact of epidemic protection and the control measures of the Red Cross. Because the economic expectations are not clear, the public's consumer confidence is insufficient, and the risk is the need for non-strictness. Consumers are generally optimistic.