Tarena International, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the fourth quarter and full year of 2021 Tarina International Inc. Earnings Conference Call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. I must advise you that this conference is being recorded today, March 16, 2022. I'd now like to hand the conference over to your first speaker today, Ms. Sylvia Young, Investor Relations Manager. Thank you. Please go ahead.

Thank you, operator. Hello, everyone, and welcome to Tarina's Earnings Conference Call for the fourth quarter and fourth year of 2021. The company's earnings results were released earlier today and available on our IR website, ir.edu.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 fourth quarter and fourth year of 2021 and give revenue guidance for the fourth quarter of 2022. After their prepared remarks, Nancy and Kelvin will be available to answer your questions. Before we continue, please note that the 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 differ materially from our current expectations. Tarina 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 Tarina's financial results prepared in accordance with U.S. GAAP are included in Tarina's earnings release, which has been posted on the company's IR website at ir.edu.cn. Finally, as a reminder, this conference call is being recorded. In addition, A webcast of this conference call is available on Terena's investor relations website. I will now turn the call over to Ms. Nancy Ying Sun, the CEO of Terena.

Thank you, Sylvia, and thanks to all the shareholders to participate in our call. Thank you very much for your attention and your support.