over to Chenxi, our deputy CFO, for a closer look at our financial performance in the third quarter. Thank you, Mr. Wen. Hello, everyone. Thank you for joining us. Our third quarter results were in line with our expectations, given the weakening auto markets and the impact from the pandemic, with net revenues of RMB61 .1 million. To navigate the challenges in the third quarter, we remained squarely focused on cost management, cutting our net loss attributable to the company's shareholders to RMB36 .8 million, from RMB41 .2 million in the same period last year. We are excited, our, our decision to enter the EV manufacturing and are ready to chart a new path forward, while continuing to pursue innovation and positioning the company to capitalize on future consumer demand. Next, I'd like to walk through our third quarter 2021 financial results. Before I start, please note that all numbers stated in my following remarks are in RMB unless otherwise noted. Our total revenues in the third quarter were RMB61 .1 million, decreasing by 38.9% from RMB100 million in the same period last year. This was a result of 59%, 59.3% year-over-year decrease in revenues generated from offline marketing services. As we progressively resumed our offline auto shows, offline marketing services revenue generated from these auto shows decreased by 59.9% to RMB33 .1 million, from RMB83 .6 million in the third quarter of 2020. Revenues from special promotional events in the third quarter of 2021 were RMB1 .3 million, compared with RMB2 million in the third quarter of 2020. Revenues from our virtual dealership services, online marketing services, and others increased by 72.6% to RMB26 .6 million during the quarter, compared with RMB15 .4 million in the third quarter of 2020, primarily due to con, the continuous expansion of our, of our collaboration with WeBank. Our gross profits in the third quarter decreased by 35.1% to 48, RMB46 .8 million, from RMB72 .1 million in the third quarter of 2020. Gross margin was 76.6% in the third quarter of 2021, compared with 72.1% in the same period last year, primarily due to the change in revenue mix. In the third quarter, selling and marketing expenses decreased by 34.6% to 40, to RMB59 .9 million from RMB91 .6 million in the third quarter of 2020. The year-over-year decrease was primarily due to the decrease in promoter expenses and stock compensation expenses as a result of decreased volume of offline events. G&A expenses increased to RMB17 million from RMB15 .9 million in the third quarter of 2020 and RMB14 .4 million in the second quarter of 2021. Research and development expenses were RMB9 .2 million compared with RMB7 .1 million in the third quarter of 2020 and RMB8 .8 million in the second quarter of 2021, primarily due to higher stock compensation expenses for research and development personnel. Our loss from continuing operations were RMB39 .3 million in the third quarter, lower compared with RMB42 .6 million in the same period last year and higher compared with RMB9 .3 million in the second quarter of 2021. Excluding the effects of share-based compensations, adjusted net loss attributable to the company's shareholders was RMB34 .4 million in the third, third quarter, compared with RMB38 .3 million in the same period last year. Adjusted basic and diluted net loss per ordinary share were both RMB0 .11 in the third quarter, compared with RMB0 .13 in the same period last year. Adjusted EBITDA was a loss of RMB33 .5 million in the third quarter, compared with a loss of RMB37 million in the same period last year. Now, turning to our balance sheet. At the end of September 2021, we had cash and cash equivalents and restricted cash of RMB134 .3 million. For further details regarding our 2021 third financial results, please refer to our earnings press release. In the fourth quarter of 2021, we expect our net revenues to be between approximately RMB70 million and RMB80 million, representing a year-over-year decrease of approximately 57.8% to 51.7%. This is primarily attributable to the estimated decline in the expected number of offline events to be held in the fourth quarter of 2021, including auto shows and pro, special promotion events due to the COVID-19 pandemic, as well as the impact of global microchip supply shortage on the auto industry. This forecast reflects the company's current and preliminary views on the market and operational conditions, as well as the influence of the COVID-19 pandemic, all of which are subject to change. This concludes our prepared remarks for today. Operator, we are now ready to take questions. Thank you. We will now begin the question and answer session. To ask a question, you may press star then one on your telephone keypad. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then two. For the benefit of all participants on today's call, if you wish to ask your question to management in Chinese, please immediately repeat your question in English. At this time, we will pause momentarily to assemble our roster. <silence> This, as there are no further questions now, I'd like to turn the call back over to the company for closing remarks. Thank you once again for joining us today. If you have any questions, please feel free to contact. This concludes this conference call. You may now disconnect your line. Thank you.