Jeffrey Wang | IR Director |
Dr. Feng Zhou | CEO |
Lei Jin | VP, Operations |
Peng Su | VP, Strategy and Capital Markets |
Wayne Li | VP, Finance |
Sheng Zhong | Morgan Stanley |
Brian Gong | Citigroup |
Jessie Xu | Nomura |
Charlotte Wei | HSBC |
Linda Huang | Macquarie |
Good day, and welcome to the Youdao 2021 First Quarter Earnings Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Mr. Jeffrey Wang, Investor Relations Director of Youdao. Please go ahead.