Thank you, and welcome to Yunji's First Quarter 2020 Earnings Conference Call. With us today are Mr. Shanglue Xiao, Chairman and Chief Executive Officer, Mr. Chen Chen, Chief Financial Officer, Mr. Hui Ma, Chief Strategy Officer and Chief People Officer and Ms. Kaye Liu, Investor Relations Director of the Company. Now I would like to hand the conference over to our first speaker for today, Ms. Kaye Liu, IRD of Yunji.
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