...Operator Hello, ladies and gentlemen, thank you for standing by for China Online Education Group's First Quarter 2022 Earnings Conference Call. (Operator Instructions) Today's conference call is being recorded. I will now turn the call over to your host, Ms. [Ni Yan], Investor Relations for the company. Please go ahead, Ni. Unidentified Company Representative Hello, everyone, and welcome to the First Quarter 2022 Earnings Conference Call of China Online Education Group, also known as 51Talk. The company's results were issued via Newswire services earlier today and are posted online. You can download the earnings press release and sign up for the company's distribution list by visiting the IR section of our website at ir.51talk.com. Mr. Jack Huang, our Chief Executive Officer; and Mr. Min Xu, our Chief Financial Officer, will begin with some prepared remarks. Following their prepared remarks, there will be a Q&A session. Before we continue, please note that today's discussion will contain...