Sisi Zhao | Director of Investor Relations |
Stephen Yang | Executive President & Chief Financial Officer |
Mark Li | Citi |
Felix Liu | UBS |
Tian Hou | T. H. Capital |
Candis Chan | Daiwa |
Hongyi Cao | CICC |
Lucy Yu | Bank of America |
Good evening, and thank you for standing by for New Oriental's FY 2023 First Quarter Results Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. [Operator Instructions] I'd now like to turn the meeting over to your host for today's conference, Ms. Sisi Zhao.
Thank you.