Tarena International, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the first quarter of 2023 Tarina International Inc. Earnings Conference Call. All participants are on a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I must advise you that this conference is being recorded today, June 13, 2023. I would now like to hand the conference over to your first speaker today, Ms. Sylvia Yang, the investor relationship manager. Thank you. Please go ahead.

Thank you, operator. Hello, everyone, and welcome to Tarina's earnings conference call for the first quarter of 2023. 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 Ms. Ping Wei, our CFO, who will take you through the company's operational and financial results for the first quarter of 2023 and give references to the second quarter of 2023. After their prepared remarks, Nancy and Ms. Wei 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 state public provisions of the U.S. Private Security 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. Serena 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 Tarina's Investor Relations website. I will now turn the call over to Ms. Nancy Yingsun, the CEO of Tarina.

Thank you, and thanks, everyone, for joining us today.