Operator
Hello, ladies and gentlemen, and thank you for standing by for GreenTree's fourth-quarter and full-year 2020 earnings conference call. [Operator instructions] As a reminder, today's conference call is being recorded. I would now like to turn the meeting over to your host for today's call, Mr. Rene Vanguestaine of Christensen, GreenTree's investor relations firm.
Please proceed, Rene.
Investor Relations
Thank you. Hello, everyone. Thank you. GreenTree's earnings release was distributed earlier today and is available on our IR website at ir.998.com, as well as on PR Newswire services.
As a reminder, we also posted a PowerPoint presentation that accompanies our comments to the same IR website. On the call from GreenTree are Mr. Alex Xu, chairman and chief executive officer; Ms. Selina Yang, chief financial officer; and Mr.