Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to Hui Ze Holding Limited fourth quarter and full year 2021 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 Huizhi's IR website at ir.huizhi.com under the events and webcast. And I'd like to hand the conference over to your speaker host today, Ms. Harriet Hu, Huizhi's 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 2021. Our financial and operating results were released earlier today and are currently available on both our IELTS website and the newswire. Before we continue, I would like to refer you to the 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 will discuss non-GAAP measures today, which are more thoroughly explained in our earnings release and filings with the SEC. Joining us today are our founder and CEO, Mr. Cunjin Ma, COO, Mr. Li Jiang, co-CFO, Mr. Minghan Xiao, and co-CFO, Mr. Ronald Tam. Mr. Ma will start the call by providing an overview of the company's performance and operational highlights for the fourth quarter and the fourth year of 2021. Mr. Tam 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.

is further strengthened. The uncertainty in the operating environment and the market has increased, but with our consistent strategy of using users as the center, insisting on digitalization and development, and the strategy of online and offline integration, we have achieved the ideal results. Over the years, the platform has generated a total insurance fee of more than RMB 5 billion, which has increased by 66.2% in total. The total income has increased by