Jianda Ni | Chairman & CEO |
Min Liu | CFO |
Yuhua Li | UBS |
Thank you for standing by for Jupai's Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Please note that today's conference call is being recorded. [Operator Instructions] I'd now like to turn the meeting over to your host for today's conference, Mr.