Futu Holdings Limited

Ladies and gentlemen, welcome to FUDU Holdings' third quarter of 2021 conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Today's conference call is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the conference over to your host for today's conference call, Daniel Yuan, Chief of Staff and Head of IR at FUDU. Please go ahead, sir.

Thanks, Operator, and thank you for joining us today to discuss our third quarter 2021 earnings results. Joining me on the call today are Mr. Leif Le, Chairman and Chief Executive Officer, Arthur Chen, Chief Financial Officer, and Robin Xu, Senior Vice President. As a reminder, today's call may include forward-looking statements, which represent the company's belief regarding future events, which by their nature are not certain and are outside of the company's control. forward-looking statements involving hearing vests and uncertainties. We caution you that the number of important factors could cause actual results to differ materially from those containing any forward-looking statements. For more information about the potential risks and uncertainties, please refer to the company's filings with the SEC, including its registration statement. So, with that, I will now turn the call over to Leif. Leif will make his comments in Chinese, and I will translate.

Thank you for participating in today's business meeting. In the third quarter, we have 16.6 million real estate clients. At the end, the number of real estate clients exceeded 1.16 million. Natural growth for seven consecutive quarters has been contributed by more than 50% of new real estate clients. Due to the low market sentiment,