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Perfect World Co., Ltd. (PWRD)
Q4 2011 Earnings Call
March 15, 2012 9:00 pm ET
Joanne Deng – Investor Relations Manager
Michael Yufeng Chi – Founder, Chairman and Chief Executive Officer
Kelvin Wing Kee Lau – Chief Financial Officer
Vivien Wang – Vice President, Investor Relations and Corporate Communications
Mark Marostica – Piper Jaffray
Jialong Shi – CLSA
Wendy Huang – Royal Bank of Scotland
Eddie Leung – Bank of America/Merrill Lynch
Nick Ning – Roth Capital
Ming Zhao – SIG
Martin Bao – CICC
Andy Yeung – Oppenheimer
Vincent Sun – Mirae Asset Securities
Atul Bagga – Lazard Capital
Stephen Zhang – Macquarie Funds Group
Jake Lee – Citigroup_
Ladies and gentlemen, thank you for standing by, and welcome to the Perfect World’s Fourth and Fiscal Year 2011 Conference Call. At this time, all participants are in a listen-only mode. Today’s presentation will be followed by a question-and-answer session (Operator Instructions). I must advise you that this conference is being recorded today Friday, March 16, 2012.
I would now like to hand the conference over to your host today Investor Relations Manager at Perfect World, Ms. Joanne Deng. Thank you, please go ahead.
Thank you, operator and thank you everyone for joining us today for Perfect World’s fourth quarter and fiscal year 2011 earnings release conference call. We distributed our unaudited earnings release earlier today. You may find a copy of the press release on our official website or through the Newswire.
Today you will hear from Mr. Michael Chi, our Chairman and CEO, who will give us a brief update on our business. Mr. Kelvin Lau, our CFO, will then provide an overview of the quarter and the full-year and also an update of our dividend distribution plan. Ms. Vivien Wang, our Vice President of Investor Relations and Corporate Communications will then take us through some of our latest operational developments. And then she will pass the call back to Mr. Lau to go through our financial performance in the fourth quarter of fiscal year 2011. Following the prepared remarks, Mr. Chi, Mr. Lau and Ms. Wang would be available to answer your questions.