Fanhua Inc.

Thank you for standing by for Fan Hua's third quarter 2023 earnings conference call. Thank you for standing by for Fan Hua's third 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 question and answer session. Please follow the instructions given at that 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.fanhgroup.com under Events and Webcast section. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I'd now like to turn the meeting over to your host for today's conference, Ms. Oasis Chiu, San Juan's Investor Relations Manager.

Thank you. Good morning and good evening, everyone. Welcome to San Juan's third quarter 2023 annual school. A replay will also be available on our website after today's school. During this school, we will be discussing some non-GAAP financial measures and a reconsideration of the differences between the GAAP and non-GAAP financial measures are available in our earnings release. And finally, 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. These statements are made based on management's current expectations and beliefs concerning future events may impact the company and therefore 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 forward-looking information except as required under applicable law. Joining us today are our co-chairman and chief executive officer, Mr. Yilan Hu, co-chairman and chief strategy officer, Mr. Ben Lin. Mr. Hu will start the call by sharing his view on recent market trends and our strategy proposition, followed by Mr. Ben Lin, who will provide a review of financial and operational highlights. and discuss our business outlook going forward. There will be a Q&A session after the prepared remarks. And please know that you can find our presentation material relevant to this call from our official website. With that, I will turn the call over to our co-chairman and CEO, Mr. Hu. And Ben Lin, our co-chairman, will translate for Mr. Hu. Mr. Hu, you may begin.