Matthew Zhao | Director Investor Relations |
Stanley Yongdong Peng | Co-Founder & Chief Executive Officer |
Tao Xu | Chief Financial Officer |
Elsie Cheng | Goldman Sachs |
Thomas Chong | Jefferies |
Liping Zhao | CICC |
Binbin Ding | JPMorgan |
Hello, ladies and gentlemen, thank you for standing by for KE Holdings Incorporated’s First Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. I will now turn the call over to your host, Mr. Matthew Zhao, IR Director of the company.