Fanhua Inc.

Thank you for standing by for FANHUA's fourth quarter and fiscal year 2023 earnings conference call. At this time, all participants are in a listen-only mode. All lines have been placed on mute to prevent any background noise. After management's prepared remarks, there will be a 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 FANHUA's IR website at ir.fanhgroup.com under the Events 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, Ms. Oasis Kew, Fan Hua's Investor Relations Manager.

Thank you, Andrew. Good morning and good evening, everyone. Welcome to Fan Hua's Fourth Quarter and Fiscal 2023 Annual School. A replay will be available on our IR website after today's call. Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are made based on management's current expectations and beliefs concerning future events impacting 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 and are not limited to those outlined in our filings with FDC, including our registration statement on Form 20F. We do not undertake any obligation to update this forward-looking information except as required under applicable rules. Joining us today are our Vice Chairman and Chief Executive Officer, Mr. Yi-Nan Hu, Chief Financial Officer, Mr. Peng Ge, Chief Strategy Officer, Mr. Ben Lin, and Chief Operating Officer, Mr. Li Chong Liu. Mr. Hu will start the call by sharing his view on recent market trends and our strategy development 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. Please know that you can find our presentation materials relevant to this call from our official website. With that, I will turn the call over to Mr. Hu.

Mr. Hu, you may begin.