UP Fintech Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to the Art FinTech Holdings Limited third 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, November 27, 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. UpFintech Coding Limited Third Quarter 2023 Earnings Relief was distributed earlier today and is available on our IR website at ir.itigerup.com, as well as Globe News for our services. On the call today from UpFintech are 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 operations and discuss Harvard highlights. Mr. Zeng will then discuss our financial results. They will both be available to answer questions during the Q&A session that follows the remarks. Now let me cover the same power. The statements we are about to make contain forward-looking statements, based on the meaning of the U.S. 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 could cause actual results to materially differ from those in forward-looking statements, please refer to our Form 6K, furnished today, November 27, 2023, and our annual report on Form 20S, 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 English translation. Mr. Wu, please go ahead with your remarks.

大家好,非常感谢各位参加老五国际2023年第三季度财报发布会。 Hello, everyone. Thank you for joining the Tiger Brokers' third quarter 2023 earnings conference call. 在第三季度 Germany's internationalized business continues to develop. Salaries and interest-related income have risen significantly. The overall income reached US$70 million, which rose by 6% and rose by 27%. On the other hand, Germany's company's capital-increased performance and sophisticated operation have maintained a relatively strong profit and loss in the last three seasons. The net profit of the parent company is US$13.2 million, which is about four times that of the same period last year. The net profit of the parent company, Nongam, is US$16 million, Compared to the previous quarter, it rose by 4.3%. Compared to the same period last year, it rose by 141%. We are very happy to see that the company's profit is rising in the first three quarters of this year. And this year, the number of non-GAM managers in the first three quarters has reached 41 million. It has exceeded the total number of non-GAM managers in 2021 and 2022. This shows that Laohu has the ability to make rapid adjustments according to different market environments and supervision requirements and achieve stable profit growth.