Jeffrey Wang | Investor Relations Director |
Feng Zhou | Chief Executive Officer |
Lei Jin | Vice President |
Peng Su | Vice President of Strategies & Capital Markets |
Yongwei Li | Vice President of Finance & Senior Financial Controller |
Elsie Sheng | Morgan Stanley |
Hongyi Cao | CICC |
Linda Huang | Macquarie |
Thomas Chong | Jefferies |
Candis Chan | Daiwa |
Good day, and welcome to the Youdao 2022 First 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 for Youdao. Please go ahead.