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February 21, 2012 8:00 p.m. EST
Ellen Chiu -- IR Director
Alan Tan -- Chairman and CEO
Richard Wei -- CFO
Xiangdong Zhang -- COO and Chief Producer
Timothy Chan -- Morgan Stanley
Dick Wei -- JPMorgan
Catherine Leung -- Goldman Sachs
Eddie Leung -- Merrill Lynch
Jialong Shi -- CLSA
Ming Zhao -- UBS
Thomas Cheng -- RBS
Mark Marostica -- Piper Jaffray
Alex Yao -- Deutsche Bank
Welcome to Shanda Games Limited’s fourth quarter and full-year 2011 results conference call. The conference call will be recorded and available for replay in its entirety. A copy of Shanda Games’ fourth quarter and full-year 2011 results announcement can be found and downloaded from the Investor Relations website at ir.shandagames.com.
At this time all lines have been placed on listen-only mode and the floor will be open for questions following the presentation.
I would now like to introduce your host, IR Director, Ellen Chiu. Thank you. Please go ahead.
Thank you. Good morning and good evening everyone. On behalf of Shanda Games, I would like to welcome everyone to our 2011 fourth quarter and full year financial results conference call.
With me today are Mr. Alan Tan, our Chairman and Chief Executive Officer, and Mr. Richard Wei, our Chief Financial Officer.
Before we begin, I’d also like to remind you that management comments during the call will include forward-looking statements that are based on our current estimates and are intended to qualify for the Safe Harbor for such statements [expressed] in the US Private Securities Litigation Reform Act of 1995. All statements that are not statements of historical facts during the conference call are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. So, please take a minute to read the Safe Harbor statement in Shanda Games’ 2011 fourth quarter and full year earnings release.