LexinFintech Holdings Ltd.

Ladies and gentlemen, thank you for standing by and welcome to the Listen Infintech 3rd Quarter 2020 Earnings Conference Call. At this time, all participants are in the listen-only mode. I must advise you that this conference is being recorded today. And I'd like to hand the conference over to your first speaker today, Mr. Tony Hung, Senior Director of Capital Markets. Thank you and please go ahead, sir.

Thank you, Operator. Hello, everyone, and welcome to Lewisham's Third Quarter 2020 Earnings Conference Call. The company's results were issued earlier today and are posted online. Joining me today on the call are Mr. Jay Hsiao, our Founder Chairman and Chief Executive Officer, Mr. Craig Zinn, our Chief Financial Officer, Mr. Ryan Liu, our Chief Risk Officer, Mr. Stanley Zhao, our Senior Financial Director, and other members of our team. For today's agenda, Mr. Zhao will provide an overview of our recent performance and highlights, Mr. Zheng will discuss our financial results, and Mr. Liu will discuss our credit performance. Before we continue, I refer you to our safe harbor statement and earnings press release, which applies to this call, as we will make forward-looking statements. Also, please note that this call includes discussions concerning non-GAAP financial measures. Please refer to our earnings release, which contains the reconciliation Hello, everyone. I would like to tell everyone that we have recorded a good growth in the industry once again. And this time, the growth is of higher quality and faster growth. Thank you everyone. I'm pleased to announce that we've once again recorded strong growth. And I'm pleased to say that our new growth is higher quality, lighter, and more agile.

In the third quarter, we continue to pursue our new consumption strategy, and our total registered users increased by 69.6%, reaching 106 million. Our active users reached 7.4 million, an increase of 21.3%.