Jeffrey Wang | IR Director |
Feng Zhou | CEO & Director |
Peng Su | VP, Strategies & Capital Markets |
Lei Jin | VP |
Zhong Sheng | Morgan Stanley |
Yuzhong Gao | CICC |
Thomas Chong | Jefferies |
Candis Chan | Daiwa Securities |
Brian Gong | Citigroup |
Good day, and welcome to the Youdao 2021 Third 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, sir.