17 Education & Technology Group Inc.

Good evening and good morning, ladies and gentlemen. Thank you for standing by for 17 EdTech's third quarter 2021 earnings conference call. At this time, all participants are in listen-only mode. After the management prepare 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, Mr. Raymond Huang, 17 EdTech's Investor Relations Director. Please proceed, Raymond.

Thank you, operator. Hello, everyone, and thank you for joining us today. Our earnings release was distributed earlier today and is available on our IR website. On the call with me today are Mr. Andy Chang Liu, Founder, Chairman, and Chief Executive Officer, and Mr. Michael Chow Du, Director and Chief Financial Officer. Andy will walk you through our latest business performance and strategies. followed by Michael, who will discuss our financial performance. They will be available to answer your questions during the Q&A session after their prepared remarks. Before we begin, I'd like to remind you that this conference call contains forward-looking statements as defined in Section 20E of the Security Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations and the current market and operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the management's control. This risk may cause the company's actual results, performance, or achievements to differ materially. Further information regarding this and other risks, uncertainties, or factors is included in the company's filings with the US SEC. The company does not undertake any obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required under applicable law. It is now my pleasure to introduce our Chairman and Chief Executive Officer, Andy. Please go ahead.

Thank you, Raymond.