Kandi Technologies Group, Inc.

Hello, and welcome to Candy Technologies' full year 2020 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to turn the call over to Kewa Luo. Please go ahead.

Thank you, operator. Hello, everyone. Thank you for joining us on today's conference call to discuss Candy's results for the full year 2020. We issue a press release today covering the results. That press release is available on the company's website at www.candyvehicle.com, as well as from Newswire Services. On the call with me today are Mr. Hu Xiaoming, our founder, chairman, and chief executive officer, and Mr. Allen Ling, our Chief Financial Officer. Ms. Hu will deliver prepared remarks in Chinese, which I will then translate. After that, we will have a question and answer session. Before we continue, please note that today's discussion will contain forward-looking statements made under the state public provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risk and others. As such, the company's actual results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's annual report on Form 10-K for the fiscal year ended December 31, 2020 and in other public filings with the SEC. We do not assume any obligation to update any forward-looking statements except as required under applicable law. As a reminder, this conference call is being recorded. In addition, an audio webcast of this conference will be available on Candice Invest Relations' website. Please note that unless otherwise stated, all figures mentioned today during the conference call are in U.S. dollars. With that, let me now turn the call over to our CEO, Hu Xiaoming. Go ahead, Mr. Hu. Hello, everyone.

First of all, I would like to welcome everyone to today's telephone meeting. 2020 is a year full of challenges. Due to the emergence of the COVID-19 pandemic, the global economy has been hit hard. Therefore, all countries have to deal with and so on. Many companies and stores still do not have a normal business. Some small and small factories are even facing a downfall. For this, we immediately adopted response measures, including the necessary long-term work. Although we have started to resume operations in March 2020, we are still facing a lot of difficulties Hello, welcome everyone.