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Good morning and good evening ladies and gentlemen. Welcome to Noah Education Holdings Limited Fourth Quarter and Full Fiscal 2011 Financial Results Conference Call. At this time all participants are in a listen-only mode. Following managements prepared remarks there will be a Q&A session. As a reminder this conference is being recorded.
Joining the conference today are Mr. Jerry He, Chief Executive Officer; and Ms. Dora Li, Chief Financial Officer. As at a U.S. market closed yesterday afternoon, Noah issued a press release announcing its fourth quarter and full fiscal year 2011 financial result. The release is available on the company’s IR website at ir.noahedu.com.cn. Along with the presentation for today’s call. This call is also being broadcast live over the internet.
Before management’s presentation I’d like to refer to the Safe Harbor statement in connection with today’s conference call. This call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including certain expectations and goals which are subject to numerous assumptions and risks. Forward-looking statements involve known and unknown risks and uncertainties many of which are beyond our control which may cause actual results to differ materially from any future results or achievements implied by such forward-looking statements. The company’s actual results could differ materially from those contained in the risks factor section of the company’s final prospectus or recent filings filed with the Securities and Exchange Commission unless required by law the company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.