|Amanda Wang||Investor Relations Director|
|Yongji Sun||Chief Executive Officer|
|Nancy Sun||Senior Vice President|
|Kelvin Lau||Chief Financial Officer|
Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter 2020 Tarena International, Incorporated Earnings Conference Call. At this time, all participants are in listen-only mode. After speakers' presentation, there will be a question-and-answer session. [Operator Instructions] And please be advised that today’s conference is being recorded. I would now like to hand the conference over to your first speaker today, Ms.