Futu Holdings Limited

Hello, ladies and gentlemen. Welcome to Futu Holdings' first quarter 2024 earnings conference call. At this time, all participants are in a 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 to CEO and Head of IR at VUTU. Please go ahead, sir.

Thanks, Operator, and thank you for joining us today to discuss our first quarter 2024 earnings results. Joining me on the call today are Mr. Lief 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 annual report. With that, I will now turn the call over to Leif. Li will make his comments in Chinese, and I will translate.

Thank you for attending today's conference. This quarter, thanks to the strong performance of the market and the efficient execution of the new market strategy, our number of real estate customers has increased by 24%, reaching about 1.9 million. In one quarter, the number of competitors with real estate customers reached 1.7 million. Compared to the three times of the same period last year, it is the third highest quarter of competitors with real estate customers in history. Thank you all for joining our earnings call today.