Sherry Liu | IR Manager |
Larry Chen | Founder, Chairman and Chief Executive Officer |
Shannon Shen | Chief Financial Officer |
Mark Li | Citi |
DS Kim | J. P. Morgan |
Ladies and gentlemen, thank you for standing by, and welcome to the Gaotu Techedu Incorporated Fourth Quarter and Fiscal Year 2021 Earnings Conference Call. All participants will be in the 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 Tuesday, March 08, 2022. I would now like to hand the conference over to your first speaker today, Ms.