Harry He | IR Representative |
Jianda Ni | Chairman and CEO |
Min Liu | CFO |
Yu Huali | UBS |
Thank you for standing by for Jupai's Fourth Quarter and Full Year 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management prepared remakrs there will be question and answer session. Please note, 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.