UP Fintech Holding Limited

ladies and gentlemen thank you for standing by and welcome to the up fintech holding limited fourth quarter 2022 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 march 29th 2023 i would now like to hand the conference over to your first speaker today Mr. Aaron Lee, the head of IR, thank you. Please go ahead.

Thank you, operator. Hello, everyone, and thank you for joining us for the call today. Our FinTech Coding Limited fourth quarter and full year 2022 earnings relief was distributed earlier today and is available on our IR website at ir.itigerup.com, as well as Globe News Services. On the call today from Upstream Tech are Mr. Wu Tianhua, Chairman and Chief Executive Officer, Mr. Zhang Zeng, Chief Financial Officer, Mr. Huang Lei, CEO of U.S. 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 the remarks. So now let me cover the safe harbor. The statements we're about to make contain forward-looking statements. This is the meaning of the U.S. Private Security Execution Reform Act of 1995. A number of factors could cause actual results to differ materially from those containing 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 burnished today, March 29, 2023. and our annual report on Form 28, filed on April 28, 2022. 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. Hello, everyone.

Hello, everyone. Thank you for joining the Tiger Brokers fourth quarter and full year 2022 earnings conference call. In this market environment, Lao Wai will make rapid changes and adjustments to ensure the effectiveness and internationalization of the stock market. In 2022, we will further consolidate our leading position in Singapore. We will open the second battlefield in Auxin and achieve good results. We will strengthen the foundation of Hong Kong stock market and officially start the Hong Kong retail market at the end of the year. At the same time, we will greatly increase the cost of self-calculation and reduce costs. In 2022, we will achieve a total annual income of US$2.25 billion. 2022 was a year with challenge.