ATRenew Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to At Renew, Inc., fourth quarter and full year 2021 earnings conference call. At this time, all participants are in a listen-only mode. We will be hosting a question and answer session after management's prepared remarks. Please note, this event is being recorded. I will now turn the call over to the first speaker today, Mr. Jeremy Gee, Director of Corporate Development and Investor Relations for the company. Please go ahead, sir.

Thank you. Hello, everyone. Welcome to AT&T News fourth quarter and full year 2021 earnings conference call. Speaking first today is Kerry Chen, our founder, chairman, and CEO. And he'll be followed by CFO Rex Chen, After that, we'll open the call to questions from analysts. Our fourth quarter and full year 2021 financial results were released earlier today. The earnings release investor slides accompanying this call and filings with the US SEC are available on our company's IR website at ir.atrenew.com. There will also be a transcript following this call. For today's agenda, Kerry will share his thoughts on our fourth quarter and full-year performance, as well as a review on our business strategy, followed by Rex, who will address the financial highlights. Both Kerry and Rex will join the Q&A session. Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, and I refer you to our safe harbor statements in the earnings press release. Any forward-looking statements that AT Renew makes on this call are based on assumptions as of today, and AT Renew does not take any obligations to update assumptions on these statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to GAAP measures. Finally, please note that unless otherwise stated, All figures mentioned during this conference call are in RMB, and all comparisons are on a year-over-year basis. I'd now like to turn the call over to Kerry for business and strategy updates.

Hello, investors and analysts. Welcome to the fourth quarter and the full-year business call of 2021.