Shell is a leading online and offline integrated real estate transaction and service platform. We pioneered the establishment of platform infrastructure and standards in China, and are committed to reshaping the operating model of service providers, so as to more efficiently provide consumers with other real estate transaction services such as second-hand and new housing transactions, housing leasing, home improvement and home furnishings. We believe that active interaction with platform participants online and offline can deepen our understanding and provide better services to platform participants. We own and operate Chainjia, the leading real estate brokerage brand in China, and an important part of the Shell platform. We believe that the success and accumulation of Chainjia has paved the way for our infrastructure and standards, and promoted the rapid and sustainable development of seashells. Since the establishment of Chainjia in 2001, we have accumulated more than 20 years of operating experience. Based on this rich industry experience, we have developed a unique insight into the market, business environment, and customer needs; we believe this accumulation is critical to providing effective solutions, expanding our market footprint, and seizing opportunities for horizontal and vertical expansion.