Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to HUETA's fourth quarter and full year 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, we will have a question and answer session. Today's conference call is being recorded and a webcast replay will be available on HUETA's IR website at ir.huita.com under the events and webcast section. I'd now like to hand the conference over to your speaker host today, Mr. Kenny Lo, Huizhi's investor relations manager. Please go ahead, Kenny.

Thank you, operator. Hello, everyone, and welcome to our fourth quarter and full year 2024 earnings conference call. Our financial and operational results were released earlier today and are currently available on both our IR website and global newswire services. Before we continue, I would like to refer you to the safe harbor statement in our earnings press release, which also applies to this call as we will be making forward-looking statements. Please also note that we will discuss non-GAAP measures today, which are more horribly explained in our earnings release and filings with the SEC. Joining us today are our founder and CEO, Mr. Chen Junma, COO, Mr. Li Jian, Co-CFO, Mr. Ming-Han Xiao, and Co-CFO, Mr. Ron Tam. Mr. Ma will start the call by providing an overview of the company's performance and operational highlights, followed by Mr. Tam, who will go over our financial results for the fourth quarter and full year of 2024. Before we open up the call for questions, I will now turn the call over to Mr. Ma.

Hello, everyone. Welcome to participate in Huize's fourth quarter of 2024 and the launch conference of annual performance. In 2024, the insurance industry will continue to deepen its implementation, and the human rights line will be officially opened in the second generation. The new national code of the State Council has further proposed comprehensive planning and deployment for the high-quality development of the industry. Huize closely surrounds policy orientation and market trend, actively adjusts the strategic direction, to continue deepening multi-product supply and customized product innovation. With the creation of AR technology to accelerate the ecological recovery of the insurance industry, we landed a preemptive AR plus strategy, completed the cross-disciplinary development from smart tool applications to service ecological recovery, further optimized product matching and service efficiency, and established a new benchmark for industry smart transformation. At the same time, by accelerating the layout of overseas markets, In 2024, the insurance industry continues to deepen the implementation of unified commissions and fees in reporting and underwriting.