Tarena International, Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the third quarter of 2021 Carina International INC Earnings Conference call. At this time, all participants are listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question during the session, please press star 1 on the telephone. If you require any further assistance, please press star 0. I would now like to hand the conference I must also advise you that the conference has been recorded today, November 23, 2021. I would now like to hand the conference over to first speaker today, Ms. Sylvia Yang, the Investor Relationship Manager. Thank you. Please go ahead.

Thank you, Operator. Hello, everyone, and welcome to Torino's Earnings Conference Call for the third quarter of 2021. The company's earnings results were released earlier today. and are available on our IR website, ir.tedu.cn, as well as our Newswire services. Today, you will hear from Ms. Nancy Ying Sun, our CEO, and Mr. Calvin Lau, our CFO, who will take you through the company's operational and financial results for the third quarter of 2021, and give revenue guidance for the fourth quarter of 2021. After their prepared remarks, Nancy and Kelvin will be available to answer your questions. Before we continue, please note that this discussion today will contain certain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to deform materially from our current expectations. Terena does not assume any obligation to update any forward-looking statements except as required under applicable law. Also, please note that some of the information to be discussed includes non-GAAP financial measures as defined in Regulation G, the U.S. GAAP financial measures and information reconciling these non-GAAP financial measures to Terena's financial results prepared in accordance with U.S. GAAP. included in Tarina's earnings release, which has been posted on the company's IR website at ir.tdu.cn. Finally, as a reminder, this conference call is being recorded. In addition, a webcast of this conference call is available on Tarina's investor relations website. I will now turn the call over to Ms. Nancy Ying Sun, the CEO of Tarina.

Thank you, Yang Shuang. Thank you, Sylvia, and thanks everyone for joining us today. We want to thank you all