Welcome everyone to Shin Kong Financial Holding Company's 2022 Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent background noise. After the presentation, there will be a question- and- answer session. Please follow the instructions given at the time if you would like to ask a question. For your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within an hour after the conference has finished. Please visit www.skfh.com.tw under the Investor Relations section. Now I would like to introduce Mr. Stan Lee, Senior Vice President of Shin Kong Financial Holding Company. Mr. Lee, please begin. Thank you, Moderator. Good afternoon, ladies and gentlemen. Welcome again for joining Shin Kong Financial Holding 2022 Third Quarter Earnings Call. Before the meeting starts, I would like to introduce my colleagues who are with me today. Here in the meeting room are Han-Wei Lin, Chief Actuary of Shin Kong Life; En-Fon Liao, Head of the Investment Team of Shin Kong Life; Isabella and Christine, members of the IR team. The presentation we're about to go through was sent out two hours ago. You may also download it from our website or participate through webcast. If you do not have the presentation, 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 886-968-929230 for assistance. Please turn to page four. SKFH recorded consolidated after-tax profit of TWD 10.38 billion for the first nine months, 2022. Earnings per share was TWD 0.65. Consolidated shareholders' equity was around TWD 176.6 billion. Book value per share at the end of the quarter was TWD 11.16. Our subsidiaries have delivered stable results for the first nine months, which will be covered later on the presentation. I would like to highlight that the company's efforts on ESG matters were recognized by winning two awards in 2022 Taiwan Corporate Sustainability Awards earlier this month. ESG is growing in popularity among investors, we will continue to realize ESG commitment through tangible actions. Page 10. Driven by positive sales momentum in foreign currency policies, FYP for the first nine months grew 18.5% year-on-year to TWD 42 billion, securing a market share of 6.7%. Shin Kong Life has adopted a product strategy aiming at foreign currency policies and value-focused products for stable interest spreads, better asset liability matching, and CSM. FYP of foreign currency increased 19.5% year-on-year to TWD 33.4 billion, accounting for 79.5% of total FYP. FYPE reached TWD 13.3 billion and FYPE over FYP was 31.7%, beating the industry average. As for cost of liabilities, it decreased 4 basis points year-to-date to 3.69%. Page 13 presents the overall view of Shin Kong Life's investment portfolio. Annualized investment return for the first nine months slightly increased to 3.87%. Breakdown of investment returns for different asset classes were real estate, 0.2%; mortgage and corporate loans, 1.9%; policy loans, 5.3%; overseas investment, 4.3%; domestic securities, 3.8%; and cash, 0.7%. Page 14 shows the portfolio of overseas fixed incomes. At the end of September, overseas fixed incomes topped TWD 2.2 trillion. The funds were mainly deployed in investment-grade corporate bonds. As a result, corporate bonds accounted for the largest share, representing 48.7% of the total, followed by international bonds at 26.4%. Government bonds accounted for 24.6%. Over 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 by region in the upper right corner. North America and Europe accounted for the majority of overseas fixed incomes, showing a combined share of 62.5%. Page 16. The pie chart on the left-hand side shows the mix of hedging instruments. At the end of the first nine months, hedging ratio was 80.7%, including CS, NDF, and naturally hedged foreign currency policies. CS and NDF accounted for 58% and 42% respectively of traditional hedges. Driven by U.S. dollar appreciation and effective hedging strategy, annualized hedging gain was 0.55%. The balance of foreign currency volatility reserve reached $34.1 billion at the end of the first nine months. Given the recent cost increase in CS NDF, Shin Kong's mid to long term hedging cost is targeted below 200 basis point. I will now hand over to Isabella, who will take you through the results of Shin Kong Bank and MasterLink Securities Corporation. I thank you, Stan. Please turn to page 20. Shin Kong Bank delivered stable results for the first nine months. Driven by rate hikes and continued loan growth, net interest income grew 13.4% year-on-year to TWD 10.6 billion. Net fee income fell 2.5% year-on-year to TWD 2.5 billion on the back of decline in wealth management fee. Pre-provision operating profit remained flat at TWD 6.7 billion, and consolidated net income was TWD 5.1 billion. Page 21. The bank's loan balance grew 4.3% year-to-date to TWD 751 billion. Consumer lending grew 3.8% year-to-date, representing the largest share of the loan book. As unsecured consumer loans and other consumer loans increased 9.8% and 9.9% year-to-date, respectively. As for corporate lending, the momentum mainly came from SME loans, which was up by 5.6% year to date. Page 22. Net interest margin and net interest spread for the quarter came down to 1.31% and 1.75% respectively due to stronger upward pressure on funding costs caused by rapid rate hikes. However, the cumulative net interest margin increased 6 basis points year-on-year to 1.3%, showing the bank's efforts to cope with the changing rate environment. Page 24. Wealth management income for the first nine months declined 1% year-on-year to TWD 1.92 billion. The fee income from mutual funds decreased 52% year-on-year as clients became sensitive towards market volatility. As a result, the bank managed to grow the contribution from bank insurance, which accounted for 39% of total wealth management income. Page 25. Asset quality remained solid with NPL ratio at 0.12% and coverage ratio over 1,000%. Both ratios were better than the industry average. Page 27. MasterLink Securities Corporation generated a brokerage income of TWD 3.8 billion for the first nine months, which was down by 28.3% year-on-year due to lower daily turnover in the stock market. Loss from prop trading business narrowed in the third quarter. Consolidated after-tax loss was TWD 17 million for the first 9 months. That concludes the presentation for today. 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 on your telephone keypad and you will enter the queue. After you are announced, please ask your question. Should you wish to cancel your question, you may press zero two. Thank you. Now, please press zero one on your telephone keypad to ask the question. Thank you. As a reminder, please press zero one on your keypad if you would like to ask the question. Thank you. Thank you, Moderator. I believe we had a very comprehensive discussion in today's Chinese session. If there's no question for English session, I think that's okay, because our IR team will be more than happy to answer any following questions you have. Just let us know. Give us a call and we'll be just one call away. Thank you. Yes. Thank you, Mr. Lee. Ladies, and gentlemen, we thank you for your participation in Shin Kong Financial Holding Company's conference call. There will be a webcast replay within an hour. Please visit www.skfh.com.tw under the investor relations section. Should you have further questions, please don't hesitate to contact the IR team of SKFH by phone or by email. You may now disconnect. Goodbye.