|Linda Li||Director of Capital Markets Department|
|Xi Zeng||Co-Founder, Co-CEO & Director|
|Jiaorong Pan.||CFO & Director|
Ladies and gentlemen, thank you for standing by. And welcome to Fangdd Network Group Limited's Third Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. After the management’s prepared remarks, we will have a question-and-answer session. Please note that this event is being recorded.