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Operator Good evening and thank you for standing by for New Oriental’s FY 2023 Third Quarter Results Earnings Conference Call. At this time, all participants are in a listen-only mode.

United statesCandis chanTung jung hsiehFelix liuLucy yuStephen yangSisi zhaoJd groupEducation technology group incNew oriental educationTechnology groupCall transcript aprilOriental educationNew orientalQuarter results earnings conferenceSisi zhao hello