Huize Holding Limited

Ladies and gentlemen, thank you for standing by. Welcome to the first half 2026 earnings conference call. At this time, all participants are on a listen-only mode. After the management prepared remarks, we will have question and answer session. Today's conference call is being recorded and a webcast replay will be available on IR website and ir.whiteside.com under the events and webcast section. I'd now like to hand the conference over to your speaker host today, Mr. Kenny Lo, Investillations Director. Please go ahead, Kenny.

Thank you, operator. Hello, everyone, and welcome to our first half of 2026 earnings conference call. Our financial and operational results were released earlier today and are currently available on both our IR website and Globe Newswire services. 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 thoroughly explained in our earnings release and followings with the SEC. Joining us today are founder and CEO, Mr. Cunjun Ma, co-CFO, Mr. Minghan 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 first half of 2026. Then we will open the call for questions. I will now turn the call over to Mr. Ma.

Hello, everyone. Welcome to the phone call of the performance release in the first half of 2026. 2026 is the 20th anniversary of the establishment of Huize. In the past 20 years, we have experienced China's insurance industry from channeling to leading, gradually moving towards a more digitalized and professionalized stage of development. We have also seen industry competition increasingly test the innovation of products, customer management, and operational efficiency. Currently, in the context of low interest rates and population structure changes, residents' long-term savings, pension, and health insurance needs continue to grow. Hello everyone and welcome to Hoytus first half 2026 earnings conference call. 2026 marks Hoytus 20th anniversary.