CNFinance Holdings Limited

Good day, and welcome to the CN Finance report for the fourth quarter and fiscal year of 2020 Financial Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I would now like to turn the conference over to Jane Jan. Please go ahead.

Good morning and good evening, and welcome to CN Finance fourth quarter and fiscal year 2020 financial results conference call. In today's call, our CEO, Mr. Zhai, will walk us through the operating results, followed by the financial results from our CFO, Mr. Li. After that, we will have a Q&A session. Before we start, I'd like to remind you that this conference call contains follow-looking statements within the meaning of Section 21E of the Securities and Change Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as view, expects, anticipates, future, intends, plans, beliefs, estimates, targets, going forward, outlook, and similar statements. Such statements are based upon management's current expectation and current markets and operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance, or achievements to differ materially from those in the following statements. Further information regarding this and other risks, uncertainties, or factors is included in a company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required under law. Now, please welcome our CEO, Mr. Zhai.

Thank you, host. At the same time, I would like to thank everyone for taking the precious time to attend this telephone meeting. At this telephone meeting, we will introduce the company's fourth quarter of 2020 and the financial situation of the whole year. Overall, this year, the COVID-19 pandemic has brought huge challenges to the company's business. We would like to report on the business operation.