|Margaret Shi||Investor Relations Director|
|William Ding||Founder, Director and Chief Executive Officer|
|Charles Yang||Chief Financial Officer|
|Alex Poon||Morgan Stanley|
|Elsie Cheng||Goldman Sachs|
|Kenneth Fong||Credit Suisse|
|Natalie Wu||Haitong International|
Good day and welcome to the NetEase Third Quarter 2020 Earnings Conference Call. Today’s conference is being recorded. And I would now like to turn the conference over to Margaret Shi. Please go ahead, ma’am.
Thank you, operator.