Fanhua Inc.

Thank you for standing by for FANHUA's first quarter 2023 earnings conference call. At this time, all participants are in listen-only mode. All lines have been placed on mute to prevent background noise. After management's prepared remarks, there will be a question and answer session. Please follow the instructions given at the time if you would like to ask a question. For your information, this conference call is now being broadcasted live over the internet. Webcast replay will be available within three hours after the conference is finished. Please visit Fan Hua's IR website at ir.fanhuaholdings.com under the events and webcast section. Today's conference is being recorded. If you have any objections, you may disconnect at this time. And I'd like to turn the meeting over to your host for today's conference, Ms. Oasis Chou, Sanhua's Investor Relations Manager.

Good morning. Welcome to our first quarter 2023 Endurance Conference Call. The Endurance results were released earlier today and are available on our IR website as well as on NewsRile. Before we continue, please note that the discussion today will contain forward-looking statements may under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of this statement may be impacted by a number of business risks and uncertainties that could cause our actual results to differ materially from those projected or anticipated. Such risks and uncertainties include but not limited to those outlined in our filings with including our registration statement on some 20th. We do not undertake any obligations updated for looking information, except as required under applicable law. Joining us today are our Chairman and Chief Executive Officer, Mr. Yi Nan Hu, Chief Financial Officer, Mr. Peng Ge, and Chief Operating Officer, Mr. Li Chong Liu, Mr. Hu will provide a review of our financial and operational highlights in the first quarter of 2023. There will be a Q&A session after the prepared remarks. Now I will turn the call over to Mr. Hu.

Good morning and good evening. Thank you for joining today's conference call. The company released its first quarter financial report last week. I hope to share some of the highlights of the report with you. As we mentioned in the previous quarter, with the development of the macroeconomic environment and insurance industry, Fanhua also achieved good performance in the first quarter.