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Good evening. And thank you for standing by for the China Distance Education Holdings Limited Fourth Quarter and Fiscal Year 2011 Earnings Conference Call. Today, you will hear from Mr. Zhengdong Zhu, Chairman and CEO of the company; and Ms. Ping Wei, the CFO. During the prepared remarks, all participants will be in listen-only mode. After that, the company management will be available to answer your questions.
Before we start, we would like to remind listeners that this conference call contains forward-looking statements. These statements are made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Among other things, the outlook for the first quarter of fiscal year 2012 and oral statements from management on this call, as well as the company's strategic and operational plans, contain certain forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements.
Further information regarding these and other risks is included in the company's annual report on Form 20-F and other documents of the company as filed with the Securities and Exchange Commission. The company does not undertake any obligations to update any forward-looking statements, except as required under applicable law.