Yunji Inc.

Good morning and good evening, ladies and gentlemen. Thank you and welcome to UNG's fourth quarter 2020 earnings conference call. With us today are Mr. Changlu Zhang, Chairman and Chief Executive Officer, Mr. Chenxi Zhang, Vice President of Finance, and Ms. Kay Liu, Investor Relations Director of the company. Now I would like to hand the conference over to the first speaker today, Ms. K. Liu, IRB of Yunji, please go ahead now.

Hello, everyone. Welcome to our fourth quarter 2020 earnings call. Before we start, please note that this call will contain forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995 that are based on our current expectations and current market operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors of the industry. This forward-looking statement can be identified by a terminology such as will, aspects, anticipate, continue, or other similar expressions. For a detailed discussion of these risks and uncertainties, please refer to our related document filed with USSEC. Any forward-looking statements that we make on this call are based on assumptions as of today and expressly qualified entirely by cautionary statements, risk factors, and details of the company filing with SEC. Yunji do not undertake any obligation to update this statement expect as required on applicable law. With that, I will now turn over to Shangyue Xiao, Chairman and CEO of Yunji.

Shangyue Xiao Hello everyone, and welcome to Yunji Bull's Call 2020. In the fourth quarter, our GNV increased to 1.17 billion yuan, and our total revenue was 13.3 billion yuan. At the same time, due to the increase in the number of customers, the platform service manager is more active. As of December 31, 2020, our transaction membership has reached 13.3 million yuan.