All forward-looking statements are qualified by their entirety by this cautionary statement, and Giant undertakes no obligation to revise or update this information to reflect events or circumstances after the date hereof. In addition, please note that references in the presentation to dollars refer to U.S. dollars.
I’ll like to begin the call by reading an introductory remark on behalf of our President Miss. Wei Liu.
Good morning ladies and gentlemen. Thank you for everyone for joining us today. As you may have seen from our earnings release, we delivered a solid quarter with both sequential and year-over-year growth continuing our steady trend of financial and operational commitment throughout 2011. Our results were supported by continued growth and the online game industry in China despite increase in competition among industry players and the launch of numerous new game titles in recent months.We believe our ability to deliver steady growth despite strong competition extends from the success of our game segmentation and focused strategy as well as the fundamental strength of our internal development capabilities. The success to date of our flagship games ZT Online 2 demonstrates these capabilities and indicates our strategy is fundamentally found. ZT Online 2 launch into open beta testing in September and reached a new high of over 435,000 PCU a significant achievement of which we are proud.We are also continuing to attract a broad and diverse base of playing players across our ZT Online family of games resulting in a sequential and year-over-year increase in active paying accounts and average concurrent users. The improvements in these key financial, key performance metrics demonstrate that we are succeeding in our efforts to broaden and deepen our player. (Inaudible) supported by the continuous updates in additions of new game play features to keep players engage.
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