Our Group is principally engaged in the insurance brokerage business in Hong Kong. We act on behalf of our policyholders seeking insurance coverage from companies which are authorized insurers under the Insurance Ordinance in Hong Kong that provide the insurance products, including, among others, AXA China Region Insurance Company Limited, Prudential Hong Kong Limited and Manulife (International) Limited, etc. (the “Insurance Companies”) and take pride in our premium brokerage service. According to relevant industry data prepared by China Insights Consultancy, we ranked around 5th in the 2nd Tier among all insurance brokerage company in Hong Kong in terms of revenue in 2024. We currently operate all of our insurance brokerage business in Hong Kong and generated all of our revenue from insurance brokerage services within Hong Kong. All documents with our policyholders were executed in Hong Kong. As part of our business strategies, we plan to expand our insurance brokerage distribution network in southeast Asia, such as Malaysia, Singapore, Thailand, Vietnam, Japan and Taiwan, within three to five years in the future.