Cloopen Group Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to GLU PENS first quarter 2021 earnings conference call. At this time, all participants are in a listen only mode. After prepared remarks by the management team, there will be a question and answer session. Today's conference call is being recorded. If you have any objections, You may disconnect at this time. I would now like to turn the call over to your host today, Yi-Lin Dai, CluPen's Investor Relations Representative. Please go ahead.

Hello, everyone, and thank you for joining CluPen's first quarter 2021 earnings conference call. The company's financial and operating results were issued in a press release via Newswire Services earlier today and are posted online. You can download the earnings release and sign up for our distribution list by visiting our IR website. Participants on today's call will be Mr. Chang Xun Sun, our Founder and Chief Executive Officer, and Mr. Steven Lee, Chief Financial Officer. Management will begin with prepared remarks, and the call will conclude with a Q&A session. Before I hand it over to the management, I'd like to remind you of Klugen's safe harbor statement in relation to today's call. Except for the historical information contained herein, certain matters discussed in this conference call are forward-looking statements. These statements are based on current trends, estimates, and projections, and therefore you should not place undue reliance on them. forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. For more information about the potential risks and uncertainties, please refer to the company's filings with Securities and Exchange Commission. I will now turn the call over to our CEO, Changxun Sun. Please go ahead.

Thank you for your time, investors. And thank you for your attention to the development of Ronglin Yun. Today, we are here to release Q1's quarter report in 2021. Q1's income in 2021 is 20.5 billion RMB, which is 54.4% of the total growth. Q1's interest rate reached 43%,