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May 9, 2012 9:00 p.m. EDT
Linda Chien – Head of IR
Rick Yan – President and CEO
Kathleen Chien – COO and Acting CFO
Philip Wan – Morgan Stanley
Tim McHugh – William Blair & Co.
Alicia Yap – Barclays Capital
Wendy Huang – Royal Bank of Scotland
Justin Diddams – Citigroup
Alex Leung – SAC Capital
Good morning, good afternoon and good evening, ladies and gentlemen. Thank you for holding.
Welcome to the 51job Inc.’s first quarter 2012 conference call.
At this time all participants are in a listen-only mode. After the presentation there will be an opportunity to ask questions. Instructions will be provided at that time. If any participants require assistance at any time, please press the star followed by zero on your telephone for the operator assistance.
I will now hand the conference over to Ms. Linda Chien, the Vice President of Investor Relations. Thank you, Ms. Chien. Please go ahead.
Thank you, [Ming], and thank you all for attending this teleconference to discuss unaudited financial results for the ffirst quarter ended March 31, 2012. With me for today’s call are Rick Yan, President and Chief Executive Officer, and Kathleen Chien, Chief Operating Officer and Acting Chief Financial Officer. A press release containing first quarter 2012 results was issued earlier today and a copy may be obtained through our website at ir.51job.com.
Before we begin, I would like to remind you that during this call statements regarding targets for the second quarter of 2012, future business and operating results constitute forward-looking statements within the meaning of Section 21-E of the Securities Exchange Act of 1934 as amended and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management’s current expectations and actual results could differ materially.