Sisi Zhao | Director, Investor Relations |
Stephen Yang | Chief Financial Officer |
Tian Hou | T.H. Capital |
Felix Liu | UBS |
Jin Yoon | Newstreet Research |
Mark Li | Citi |
Alex Xie | Credit Suisse |
Sheng Zhong | Morgan Stanley |
Lucy Yufrom | Bank of America Securities |
Alex Liu | China Renaissance |
DS Kim | JPMorgan |
Tommy Wong | China Merchant Securities |
Liping Zhao | CICC |
Good evening and thank you for standing by for New Oriental’s FY 2021 First Quarter Results Earnings Conference Call. At this time all participants are in a listen-only mode. After managements prepared remarks there will be a question-and-answer session. Today’s conference call is being recorded.
If you have any objections, you may disconnect at this time.