iQIYI, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the IETE third quarter 2020 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask questions during the session, press star 1 on your telephone. I must advise you that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Investor Relations Director of IETE, Lei Zhang. Thank you. Please go ahead.

Thank you, operator. Hello, everyone, and thank you for joining ITE's third quarter 2020 earnings conference call. The company's results were released earlier today and available on the company's investor relations website at ir.ite.com. On the call today are Mr. Yu Gong, our founder, director, and CEO, Mr. Xiao Dong Wang, our CFO, and Mr. Xiang Huayan, senior vice president of our membership business. Mr. Gong will give a brief overview of our company's business operations and highlights, followed by Xiaozong, who will go through the financials and guidance. After their prepared remarks, Xianghua will join Mr. Gong and Xiaozong in the Q&A session. Before we proceed, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the United States Private Security Litigation Reform Act After saving with customized car insurance from Liberty Mutual, I customize everything. Like Marco's backpack.

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