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 First Quarter 2024 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the call over to Muzi Guo from IR department. Thank you. Please go ahead.