Sandy Qin | Senior Manager-Investor Relations |
Larry Xiangdong Chen | Chief Executive Officer |
Shannon Shen | Chief Financial Officer |
Mark Li | Citigroup Inc. |
Christine Cho | Goldman Sachs & Co. |
DS Kim | JPMorgan Chase & Co. |
Alex Xie | Credit Suisse |
Felix Liu | UBS Securities Co., Ltd. |
Ladies and gentlemen, thank you for standing by, and welcome to the GSX Techedu, Inc. Fourth Quarter and Fiscal Year 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded on March 3, 2021.