Fanhua Inc.

Thank you for standing by for Fan Hua's second quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. All lines have been placed on mute to prevent background noise. After the management prepared remarks, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. For your information, this conference call is now broadcast live over the internet. Webcast replays will be available within three hours after the conference is finished. Please visit Fen Hua's IR website at ir.fenhuaholdings.com under the event and webcast section. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the meeting over to your host for today's conference, Mr. Ace is Chu, Fanhua's Investor Relations Manager. Please go ahead.

Good morning. Welcome to our second quarter 2023 earnings conference call. The earnings results were released earlier today and are available on our IR website as well as on Newswire. Before we continue, please note that the discussion today will contain forward-looking statements made 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 the FCC, including our registration statement on Firm 20F. We do not undertake any obligation to update this forelooking information, except as required under applicable law. Joining us today are our co-chairman and chief executive officer, Mr. Yinan Hu, co-chairman and chief strategy officer, Mr. Ben Lin, and chief financial officer, Mr. Peng Ge. Mr. Hu will start the call by sharing his view on recent market trends and our strategy positioning. followed by Ben, who will provide a review of our financial and operational highlights and discuss our business outlook going forward. There will be a Q&A session after the prepared remarks. Now I will turn the call over to Mr. Hu. Ben will translate for Mr. Hu.

Hello, everyone. Thank you very much for attending today's press conference. Good morning and good evening to everyone on the call. Thank you for joining today's call.