Futu Holdings Limited

Hello ladies and gentlemen, welcome to Futu Holdings third quarter 2022 conference call. At this time all participants are in a listen only mode. After management's prepared remarks there will be a Q&A 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 Futu. Please go ahead sir.

Thanks, operator, and thank you for joining us today to discuss our third quarter 2022 earnings results. Joining me on the call today are Mr. Leif 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 rest and uncertainty. 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 rest and uncertainty, 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 conference. By the end of this quarter, our number of real estate customers has reached 1.44 million, which is 24% higher than before. In the third quarter, due to the impact of the fall in the market, the number of real estate customers in the competition is about 58,000, which is 5% higher than before. Even though the market is falling, for the first time in the five countries and regions of industry, we have achieved a rate of 98% higher in the number of real estate customers in the quarter.