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Operator: Ladies and gentlemen, thank you for standing by for KE Holdings Inc.’s Third Quarter 2023 Earnings Conference Call.

Tao xuTimothy zhaoXu taoStanley pengBaker research instituteKe holdings or beikeGoldman sachsKe holdings incCall transcript novemberThird quarterChief executive officerExecutive directorChief financialOne bodyThree wingsThree wing