UP Fintech Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to the UpSynTech Holding Limited Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question and answer session. I must advise you that this conference is being recorded today, Friday, March 18th, 2022. I would now like to hand the conference over to your first speaker today, Mr. Clark S. Susie. Thank you. Please go ahead.

Thank you, Operator. Hello, everyone, and thank you for joining us for the call today. UpFintech Holding Limited's fourth quarter 2021 earnings release was distributed earlier today and is available on our IR website at ir.itiger.com, as well as Globe Newswire Services. On the call today from UpFintech are Mr. Wu Tianhua, Chairman and Chief Executive Officer, Mr. John Zung, Chief Financial Officer, Mr. Huang Lei, CEO of US Tiger Securities, and Mr. Kenny Zhao, our financial controller. Mr. Wu will give an overview of our business operations and discuss corporate highlights. Mr. Zeng will then discuss our financial results. They will both be available to answer your questions during the Q&A session that follows their remarks. Now let me cover the safe harbor. The statements we are about to make contain forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. For more information about factors that could cause actual results to materially differ from those in the forward-looking statements, please refer to our Form 6K, furnished today, March 18, 2022, and our annual report on Form 20F, filed on April 28, 2021. We undertake no obligation to update any forward-looking statement except as required under applicable law. It is my pleasure to now introduce our Chairman and Chief Executive Officer, Mr. Wu. Mr. Wu will make remarks in Chinese, which will be followed by an English translation. Mr. Wu, please go ahead with your remarks.

In the fourth quarter of 2021, Laowu International still achieved an objective growth. The total income of the fourth quarter is 6,220 million US dollars. Compared to the same period last year, it increased by 31.7%. The number of new employees in the fourth quarter is 61,400, of which more than 90% are from non-China regions. At the end of the fourth quarter, the total customer assets are 17.1 billion US dollars, of which more than 2 billion US dollars are from customer assets. However, due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the stock market in the fourth quarter due to the fall of the Hello, everyone, and thank you for joining the Tiger Brokers' fourth quarter 2021 earnings conference call.