Noah Holdings Limited

Good day and welcome to the NOAA Holdings Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Melo Shi, Senior Director and Head of Global Capital Markets Group. Please go ahead.

Thank you, operator. Good morning and welcome to NOAA's third quarter 2024 earnings conference call. Joining me today on the call today are Ms. Wang Jingbo, our co-founder and chairlady, Mr. Dander Yin, our co-founder, director, and CEO, and Mr. Grant Pan, our CFO. Mr. Ng will begin with an overview of our recent business highlights, followed by Mr. Pan, who will discuss our financial and operational results. They will all be available to take your questions in the Q&A session that follows. Before we begin, I'd like to gently remind everyone that we'll be hosting a corporate open day in Hong Kong on the afternoon of December 6th. The event will host analysts and investors and feature today's executive management team, as well as others, who will offer insights into the wealth management needs of our target client base, discuss global investment allocation strategies, and showcase the progress we have made with our competitive global investment product offerings and comprehensive service matrix. Events registration is required to attend in person. A link to register was included in the press release announcing the event we issued last week. The event can also be viewed live via webcast or replay on our IR website. Please feel free to reach out to our IR team should you have any questions about how to register or watch the event online. In addition, please note that the discussion today will contain forward-looking statements that are subject to risk and uncertainties that may cause actual results to differ materially from those in our forward-looking statements. Potential risk and on subsidies included but not limited to, those outlined in our public filings with the ICC and Hong Kong Stock Exchange. NOAA does not undertake any obligation to update any forward-looking statements, except as required under applicable law. With that, I would like to pass the call over to Mr. Zander Yin. Please go ahead.

Thank you, Melo. Good morning, investors and analysts of NOAA. Today's call meeting agenda, I will continue the way of last quarter, to report on the three quarters' performance in the international and domestic sectors, and share with you our international and domestic business development strategy. As I mentioned last quarter, we will continue to promote the strategy of growing domestic and expanding international. In the domestic sector, we have completely placed the client managers in different positions. Among them, the fund sales version is through the Luo Ya Zhengxing Fund Sales Company. The future core strategy is to focus on exploring the online-based service business model. Use RMB資產配置全球資產. The insurance economy version is through Luo Ya Rongyao Insurance Company. The future is mainly based on the development direction of the five-storied economy. The financial management version is through Gefei Financial Management. The future is mainly focused on the withdrawal of the first-class market and the management of cross-border products in the second-class market. is a asset management brand. Glory is a comprehensive business brand that protects inheritance and trust. At the same time, we are accelerating the pace of global market expansion. In Southeast Asia, Japan, Canada, the United States, Europe, etc., we will continue to launch our wealth management services. The three types of customers will be our key service targets. The first type is high-quality families and enterprises that are new and ready to go out to sea. Thank you, and good morning or evening to everyone. Similar to last quarter, we'll share our financial results by domestic and international segments.