Futu Holdings Limited

Hello, ladies and gentlemen. Welcome to Futu Holdings' first quarter 2022 earnings conference call. At this time, all participants are in the 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'd 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 Voodoo. Please go ahead, sir.

Thanks, Operator, and thank you for joining us today to discuss our first quarter 2022 earnings results. Joining me on the call today are Mr. Lace Lee, Chairman and Chief Executive Officer, Arthur Chen, Chief Financial Officer, and Robin Xu, Senior Vice President. As a reminder, today's call may include four 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 risks and uncertainties. We caution you that a 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. With that, I will now turn the call over to Leif. Leif will make his comments in Chinese, and I will translate.

The natural flow for nine consecutive seasons has contributed more than 50% to our new real estate customers. In the Hong Kong market, many small and medium-sized brokerage businesses are facing challenges due to the decrease in the activity of their customers. In order to benefit from the deep-rooted brand image, the leading product experience, and the stable financial situation, these brokerages have attracted high-quality customers and assets, and the customer speed has been improved. In the first quarter, Thank you all for joining us today. As of quarter end, we had 1.3 million paying clients, representing a 68% growth year over year.