OneConnect Financial Technology Co., Ltd.

Good day, and thank you for standing by. Welcome to the OneConnect first quarter 2021 results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. And to ask a question during the session, you'll need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today. Speaker Patricia Chang, please go ahead.

Hello, everyone. Good to speak to you again. Welcome to the Q1 earnings call. On the line, we've got Mr. Ye Wangchun, Chairman and CEO of OneConnect, Mr. Luo Yongtao, CFO, Mr. Michael Fei, CEO of SME Banking, and Mr. Teng-Shu Wang, CEO of GammaO. Some housekeeping notes before we begin. First of all, you can download the earnings press release and presentation from the IR website. Second, our remarks today will include forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements except as required under applicable law. During the call, we may present both IFRS and non-IFRS financial measures. A discussion of the limitations of non-IFRS measures and the reconciliation to IFRS is included in the earnings price release. I will now pass it over to Chairman Ye. His remarks will be in Chinese. Translation in English will follow. Ye Dong, please.

Hello, everyone. As for China's economic recovery and financial institutions' need for tax reform, the financial crisis has made a good start this year. I am very happy to report to you the results of the first quarter. In the first quarter, the growth of the income has increased by 41.1%. We have seen the impact of low-priced products, Through a variety of solutions, it supports the source of military income, although it is not in line with the market and supervision regulations, which has led to a significant decline in activity. However, the third-party customer income ratio has been steadily improved in the first two seasons.