WuTianhua: [Foreign Language] Okay. So commission rate actually remained unchanged during the first quarter. As we charge commission per share for U.S. stopped trading, the trading volume increase in high market rebound, resulting a decrease in cash equity take rates. As for the interest income breakdown, around 30% came from customers ideal cash and the rest were from the margin financing and securities and other business. Thank you. We have touched importance to compliance and regulatory requirements globally and maintain direct communication with regulators. Recently, regulators have clarified some guidelines. Firstly, allowing onshore users who lease or work overseas to open new accounts with us. Secondly, for onshore users who can prove that they already opened brokerage account offshore they will be considered as existing clients of the industry.
Therefore, we can accept their investors to open new accounts with us or transfer their existing securities to us. The third one is allowing us to keep supporting team and R&D facilities and systems within Mainland China to serve our existing onshore investors. And the last one, it’s recently requested to remove our app from the onshore application market to ensure we don’t have onshore equipment clients apart from the aforementioned scenarios. These guidelines provide clarity to industry regulations, promoting long-term and orderly development, while preventing [indiscernible]. Following the announcement by CSRS’s on December 30 of last year, we have immediately stopped accepting new offshore clients from Mainland China to support and cooperation with regulatory requirements.
The recent request to remove our app from the Chinese application market is essentially an implementation of the aforementioned announcement since May 18, 2023. We have removed our app from the onshore application market while providing detailed instructions for existing users to download and update the app. This adjustment does not affect existing clients, and we will continue to provide core services and keep our client’s money safe.
WuTianhua: We have also noticed that compared to the end of last year, the total client assets of onshore clients increased by about 10% with the trend of net asset inflows in the first quarter of this year. Besides the trading volume and commission income contributed by onshore clients has also slightly increased sequentially. These numbers indicate that our existing clients have rational understanding regarding recent events since December 30 of last year, and their trading velocity and trust in Tiger Brokers has not changed. Thank you.
Operator: We have no further questions at this time. I will now hand back the call to Aaron Lee for closing remarks.
Aaron Lee: Thank you, operator. I would like to thank everyone for joining our call today. I am now closing the call on behalf of the management team at Tiger. We do appreciate your participation in today’s call. If you have any further questions, please reach out to our Investor Relations team. This concludes the call, and thank you very much for your time.
Wu Tianhua: Thank you.
Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for participating. You may now disconnect your lines. Thank you.
