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Operator
Ladies and gentlemen, thank you for standing by, and welcome to the GSX Techedu Inc. first-quarter 2021 earnings conference call. [Operator instructions] Please note this event is being recorded on Wednesday, May 26, 2021. I would now like to hand the conference over to your first speaker today, Ms.
Sandy Qin, IR director of Gaotu. Thank you. Please go ahead.
Sandy Qin --
Investor Relations Director
Thank you, Operator. Hello, everyone, and thank you for joining us today. Gaotu's earnings release was distributed earlier and is available on the company's IR website at ir.gaotu.cn. On the call with me today are Mr.

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