Yunlong Sha | Founder, Chairman, and Chief Executive Officer |
Jessie Jin | Investor Relations, ICA |
Peng Wang | Chief Financial Officer |
Mark Li | Citigroup |
Good day, and welcome to the Puxin Limited Fourth Quarter and Fiscal Year 2020 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions].