...Operator And good morning, ladies and gentlemen, and thank you for standing by for 17EdTech first-quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, there will be a question-and-answer session. As a reminder, today's conference call is being recorded. I'll now turn the meeting over to your host for today's call, Ms. Lara Zhao, 17EdTech Investor Relations Manager. Please proceed, Lara. Lara Zhao ...