Rene Vanguestaine | Investor Relations |
Alex Xu | Chairman and Chief Executive Officer |
Megan Huang | Vice President of Sales and Marketing |
Selina Yang | Chief Financial Officer |
Justin Kwok | Goldman Sachs |
Bruce Mi | UBS |
Jisheng Liu | CLSA |
Billy Ng | Bank of America |
Nate Deng | China Renaissance |
Hello, ladies and gentlemen, and thank you for standing by for GreenTree's Third Quarter 2020 Earnings Conference Call. [Operator instructions] As a reminder, today's conference is being recorded. I would like now to turn the meeting over to your host for today's call to Mr. Rene Vanguestaine of Christensen, GreenTree's Investor Relations firm. Please proceed, Rene.