Q4 2019 Fangdd Network Group Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to Fangdd Network Group Ltd.'s Fourth Quarter and Full Year 2019 Earnings Call. (Operator Instructions) Please note, this event is being recorded. I would now like to hand the conference over to your speaker host today, Mr. Warren Wen, Financial Controller of the company. Please go ahead, sir.
Thank you, operator. Hello, everyone, and thank you all for joining us on today's call. Fangdd announced its fourth quarter and full year 2019 results today. An earnings release is now available on the company's IR website. Today, you will hear from our Chairman and Co CEO, Mr. Duan Yi, who will start the call with a review of our progress in 2019 and the current industry dynamics. He will be followed by the company's Co-CEO, Mr. Zeng Xi, who will address our development strategies in more detail. Both Mr. Duan and Mr. Zeng will deliver their remarks in Chinese, and I will provide the English translation. Afterwards, our CFO, Mr. Pan Jiaorong, will go
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