Muzi Guo | Director of Finance |
Shuang Liu | CEO |
Edward Lu | CFO |
Xueru Zhang | 86Research |
Alice Tang | First Shanghai |
Good day, and thank you for standing by. Welcome to Phoenix New Media First Quarter 2022 Earnings Call. [Operator Instructions]. I would now like to hand the conference over to your host today, Ms. Muzi Guo from IR team.