Futu Holdings Limited

Hello ladies and gentlemen, welcome to Futu Holdings second quarter 2024 earnings conference call. At this time all participants are in a listen only mode. After management has 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 this conference over to your host for today's conference call, Daniel Yuan. Chief of Staff to CEO and Head of IR at Fuju. Please go ahead, sir.

Thanks, operator. And thank you for joining us today to discuss our second quarter 2024 earnings results. Joining me on the call today are Mr. Leif Lee, Chairman and Chief Executive Officer, Officer 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 certainties. 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 certainties, 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. Leif will make his comments in Chinese, and I will translate.

Thank you for participating in today's conference. In the second quarter, we have 15.5 million real estate customers competing, with an increase of 168%. As of the end of the quarter, the total number of real estate customers exceeded 2 million, with an increase of 29% and an increase of 8%. In the first half of this year, we have completed more than 80% of the annual turnover. As a result, we will increase the number of real estate customers competing this year to 550,000 again.