UP Fintech Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to Upson Tech Holding Limited second quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. There will be a presentation followed by question and answer session. I must advise you that this conference is being recorded today, August 29, 2023. I'd 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 on the call today. OpsFintech Holding Limited's second quarter 2023 earnings release was distributed earlier today and is available on our IR website at ir.itigerup.com, as well as Globe News Service Services. On the call today from OpsFintech, Mr. Wu Tianhua. Chairman and Chief Executive Officer, Mr. Zhuang 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 corporations 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. Now let me cover the safe harbor. The statements we are about to make contain forward-looking statements. Within the meaning of the U.S. Private Security Litigation 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 6-K, furnished today, August 29, 2023. and our annual report on Form 20-F filed on April 26, 2023. 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. Hello, everyone. Thank you for joining Tiger Broker Second Quarter 2023 Earnings Conference Call. In terms of profits, Germany's internationalized business expansion and its efforts to reduce the cost-effectiveness, the second quarter continues to maintain a strong cash flow. The net profit of the parent company is 13.19 million US dollars. Compared to the same period last year, the loss is zero. Compared to the previous quarter, the increase was 66%. The net profit of the parent company is 15.33 million US dollars. Compared to the previous quarter, the increase was 48%.