Echo Yan | Investor Relations |
Rong Luo | Chief Financial Officer |
Linda Huo | Vice President, Finance |
Mark Li | Citi |
Alex Xie | Crédit Suisse |
Sheng Zhong | Morgan Stanley |
Felix Liu | UBS |
D. S. Kim | JP Morgan |
Alex Liu | China Renaissance |
Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter Fiscal Year 2021 TAL Education Group Earnings conference call. At this time, all participants are in a listen-only mode. After the managements' prepared remarks, there will be a question-and-answer session. Today's conference call is being recorded. I would now like to turn the call over to your first speaker today.