Autohome Inc.

Ladies and gentlemen, thank you for standing by for Alder Homes before the quarter and the full year 2020 earnings conference call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. As a reminder, this conference call is being recorded. If you have any objections, you may disconnect at this time. It is now my pleasure to introduce your host, Anita Chen, Alder Homes IR Director, Ms. Chen, you may begin.

Thank you, operator. Hello, everyone, and welcome to Auto Home's first quarter and full year 2020 earnings conference call. Earlier today, Auto Home distributed its earnings press release, and you may find a copy on the company's website at www.autohome.com.cn. On today's call, we have Chairman and CEO, Mr. Chen Hong, Co-President Mr. Haifeng Shao, Co-President Mr. Jingyu Zhang, and CFO Mr. James Zou. After the prepared remarks, Mr. Long, Mr. Shao, Mr. Zhang, and Mr. Zou will be available to answer your questions. Before we begin, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Security Litigation Reform Act of 1995. and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to, those outlined in our public findings with the Securities and Exchange Commission. Alderholm does not undertake any obligation to update any forward-looking statements, except as required under applicable law. The early press release in this call also includes discussion of current and audited non-GAAP financial measures. Our press release contains a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and is available on AutoHomes IR website. As a reminder, this conference is being recorded. In addition, a live and archived webcast of this earnings conference call will also be available on AutoHomes IR website

I will now turn the call over to Old Home Chairman and CEO, Mr. Long.