...Operator Good evening, and good morning, ladies and gentlemen, and thank you for standing by for 17EdTech's second quarter 2025 earnings conference call. (Operator Instructions) As a reminder, today's conference call is being recorded. I will now turn the meeting over to your host for today's call, Ms. Lara Zhao, 17EdTech's Investor Relations Manager. Please proceed, Lara. Lara Zhao ...