Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to Weeds Holding Limited's fourth quarter and full year 2020 earnings conference call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, we will have a question and answer session. Today's conference call is being recorded and a webcast replay will be available. please visit WIES' IR website at ir.wies.com under the Events and Webcast section. Now I'd like to hand the conference over to your speaker host today, Ms. Harriet Hu, WIES' Investor Relations Director. Please go ahead, Harriet.

Thank you, Operator. Hello, everyone, and welcome to our earnings conference call for the fourth quarter and fourth year of 2020. Our financial and operating results were released earlier today and are currently available on both our IR website and the Newswire. Before we continue, I would like to refer you to our safe harbor statement in our earnings press release, which also applies to this call as we will be making forward-looking statements. Please also note that we'll discuss non-GAAP measures today, which are more thoroughly explained in our earnings release and followings with the SEC. Joining us today are our founder and CEO, Mr. Cunjun Ma, COO, Mr. Li Jiang, co-CFO, Mr. Minghan Xiao, and co-CFO, Mr. Ronald Chen. Mr. Ma will start the call by providing an overview of the company's performance and operational highlights for the fourth quarter of 2020. Mr. Chen will then provide details on the financial results for the period before we open up the call for questions. I will now turn the call over to Mr. Ma.

Hello, everyone. Thank you for attending Huize 2020's fourth quarter and full-year performance conference. 2020 is a year that is meaningful to Huize. We are not afraid of winter and winter, and we will go back to the United States. We officially landed in Las Vegas and won the title of the first insurance e-commerce. February is the peak of the domestic epidemic. It is not easy for us to successfully go public. Therefore, on behalf of the Huize team,