Welcome everyone to Shin Kong Financial Holding Company's 2022 Second Quarter Earnings Conference Call. All lines have been placed on mute to prevent background noise. Webcast replay will be available within an hour after the conference is finished. Please visit www.skfh.com.tw under the Investor Relations section. Now. Thank you, Moderator. Good afternoon, ladies and gentlemen. Welcome again for joining the Shin Kong Financial Holding 2022 second quarter analyst call. Before we start, I would like to introduce my cohort of the investment team of Shin Kong Life, Isabella and Christine, members of the IR team. The presentation we are about to go through was sent out two hours ago. Please let us know now. Your lines will be muted when we are presenting. If you are cut off, please dial back in or call Christine at [886-94] SKFH recorded consolidated after-tax profit of TWD 2.92 billion for the first half 2022. Earnings per share was TWD 12.95 at the end of first half. Core business of each subsidiary remained stable in the second quarter, which will be covered later in the presentation. FYP for the first half growth 47.1% year-on-year to TWD 32.22 billion. Securing the market strategy aiming at foreign currency policies and value-focused products for stable interest rate, better asset liability matching, and CSM. TWD 0.56 billion, accounting for 82.4% of total. FYPE reached TWD 9.82 billion for cost of liabilities. It decreased 2 basis points year-to-date to 3.71%. Page 13 presents the overall view of Shin Kong Life. Breakdown of investment returns for different asset classes were real estate, 0.004%, mortgage and corporate loans, 1.38%, domestic securities, 3.5%, cash, 0.4%. Page 14 shows the portfolio. Our returns were mainly deployed in investment-grade corporate bonds. As a result, corporate bonds accounted for the largest share, representing almost 49% of the total. 90% of the overseas fixed income position was deployed in U.S. dollar-denominated bonds. You may also have a look at chart of the overseas fixed income portfolio for overseas fixed incomes, showing a combined share of 62.1%. Page 16. The pie chart on the left-hand side, 83%, including CS, NDF, and naturally hedged foreign currency policies. CS and NDFs accounted for 51% and 49% respectively with hedging strategy. Annualized hedging gain for the first half was 0.11%. The balance of foreign currency volatility reserve increased to 18 points now higher than 2.5%. Shin Kong's mid- to long-term hedging cost is targeted below 200 basis points. I will now hand over to Isabella, who will take you through. To deliver stable results for the first half. Net interest income grew 14.2% year-on-year to TWD 6.99 billion on the back of net interest margin expansion and decent loans of TWD 3 billion. Shin Kong Bank generated a consolidated after-tax profit of TWD 3.18 billion, which was 3.8% higher from a year earlier. Lending grew 3.9% year- to- date, representing the largest share of the loan book. Both mortgage and consumer loans increased 3% and 6%. Loans and overseas loans will be promoted to enhance interest spreads and related fee income. Page 22. Driven by rising interest rates, net interest spread increased 11 basis points quarter-on-quarter to 1.76%. We expect to see net interest margin and net interest spread improve along with further. Increased 1.1% year-on-year to TWD 1.3 billion, which was boosted by stronger sales momentum in banc assurance products. With that in mind, Shin Kong Bank will focus on banc assurance products in the second half to increase reference income. Which ratio at 989.86%. Both ratios were better than the industry average. Page 27. [MasterLink] at 23% year-on-year due to lower daily turnover in the stock market. Its prop trading business suffered another weak quarter due to market fluctuations. Our results presentation, Moderator, please start the Q&A session. Yes. Thank you. Ladies and gentlemen, we will now begin our question- and- answer session. If you wish to ask the question, please press zero one. If you wish to cancel your question, you may press zero two. Thank you. Now, please press zero one to ask the question. Thank you. We are now in question- and- answer session. If you would like to ask the question, please press zero one on your telephone. Our first question is coming from Frank Fang of Daiwa Capital Markets. Go ahead, please. All right. Thank you for taking my question. I have two questions. As for the second quarter, we see that the unrealized gains in the financial instruments, is that going to affect next year's dividend policy? For the second year, these are the two questions. Thank you. Thank you, Frank. This is a very good question. However, I should say it's a bit early. Clearly, it's quite challenging for every insurance players for the first half, particularly when we see the rate has been hiked and long-dated bonds also turn soft, affecting the net worth or the net worth to asset ratios, which is also very important for the life insurance subsidiary. Our situation is still quite a big challenge for us. I'm not going to say we can remain the same dividend policies for sure. Now things are both possible, right? We are going to strive to work on the best to maintain net worth. Their investment team is going to very diligently manage the position. The second question is on assets and liabilities. I'll let the chief actuary answer your question.