Echo Yan | Investor Relations |
Rong Luo | Chief Financial Officer |
Linda Huo | Vice President, Finance |
Alex Xie | Credit Suisse |
DS Kim | JPMorgan |
Sheng Zhong | Morgan Stanley |
Felix Liu | UBS |
Mark Li | Citi |
Lucy Yu of Bank | America Securities |
Alex Liu | China Renaissance |
Ladies and gentlemen, thank you for standing by. Welcome to the Second Quarter Fiscal Year 2021 TAL Education Group Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the call over to your first speaker today, Ms. Echo Yan, IR Director of TAL.