Muzi Guo | executive |
Yusheng Sun | executive |
Xiaojing Lu | executive |
Alice Tang | analyst |
Good day, and thank you for standing by. Welcome to Phoenix New Media Fourth Quarter 2023 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would like to hand the conference over to your first speaker today, Muzi Guo of IR Department. Please go ahead.