Rene Vanguestaine | Christensen & Associates |
Alex Xu | Founder, Chairman & CEO |
Selina Yang | CFO & Director |
Praveen Choudhary | Morgan Stanley |
Colin Yao | Goldman Sachs Group |
Bruce Mi | UBS |
Hello, ladies and gentlemen, and thank you for standing by for GreenTree's Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions]. I would now like to turn the meeting over to your host for today's call, Mr. Rene Vanguestaine of Christensen, GreenTree's Investor Relations firm. Please proceed, Rene.