Futu Holdings Limited

gentlemen, welcome to Futu Holdings' first quarter 2025 earnings 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 of 2CEO, Head of Strategy and IR at Futu. Please go ahead.

Thanks, Operator, and thank you for joining us today to discuss our first quarter 2025 earnings results. Joining me on the call today are Mr. Lee Fleet, 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 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. Leif will make his comments in Chinese, and I will translate.

Thank you for attending today's conference. We achieved a strong growth in the first quarter of 2025. Competitors with assets of about 26.2 million increased by 48% compared to a growth of 22%. The total number of asset customers reached 2.7 million, which increased by 42% in the same period last year, and increased by 110 million in the previous quarter. By the end of the first quarter, Thank you all for joining our earnings call today.