Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares

Ladies and gentlemen, thank you for standing by and welcome to the Leflex Holding Limited fourth quarter's 2020 earnings call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, we will have a Q&A session. Please note that this event is being recorded. Now I'd like to hand the conference over to your speaker host today, Mr. Yu Chen, the company's head of Board Office and Capital Markets. Please go ahead, Sharon.

Thank you, Alfredo. Hello, everyone, and welcome to our fourth quarter 2020 earnings conference call. Our fourth quarter 2020 financial and operating results were released by our News Bar services earlier today and are currently available online. Today, you will hear from our chairman, Mr. Ji Guangheng, who will start the call with updates on recent changes to corporate governance structure as well as regulatory development. Our co-CEO, Mr. Greg Gibb, will then provide a review of our business in the quarter and future strategies. Afterwards, our CFO, Mr. James Chung, will offer a closer look into our financials before we open up the call for questions. In addition, Mr. Weiss, our co-CEO, and Mr. David Choi, CFO of our retail credit participation business, will also be available during the question and answer sessions. Before we continue, I would like to refer you to our safe harbor statement in our earnings price release, which also applies to this call, as we'll be making forward-looking statements. Please also note that we'll discuss non-effortless measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under the International Financial Reporting Standards in our earnings release and filings with the SEC. With that, I'm now pleased to turn over the call to Mr. Ji Guangheng of Lufax.

Okay. I would like to thank everyone for attending the 4th quarter of the R&D conference. Before the conference, I would like to share three things with you. The first is the adjustment of the management of the company after its listing. The second is the recent management trends and our understanding. The third is the judgment of the future management trends and our main recommendations.