Judy Piao | Investor Relations |
Jack Huang | Chief Executive Officer |
Min Xu | Chief Financial Officer |
Liming Zhang | Chief Operating Officer |
Vincent Yu | Needham & Company |
Fawne Jiang | Benchmark |
Hello, ladies and gentlemen. Thank you for standing by for China Online Education Group's Fourth Quarter and Full Year 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. After management’s prepared remarks, there will be a question-and-answer session. Today’s conference call is being recorded.