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May 16, 2012 9:00 p.m. EDT
Lin Zhang – IR Manager
Min Fan – President and CEO
James Zhang Liang – Chairman
Jane Sun – CFO
Jenny Wu – Deputy CFO
Philip Wan – Morgan Stanley
Jin Yoon – Nomura Securities
Eddie Leung – Merrill Lynch
Wendy Huang – RBS
Chenyi Lu – Cowen & Co.
Jiong Shao – Macquarie Securities
Alex Yao – Deutsche Bank
Mike Olson – Piper Jaffray
Catherine Leung – Goldman Sachs
Fawne Jiang – Brean Murray
Alicia Yap – Barclays Capital
[Tien Yao] – [TH Capital]
Good day, ladies and gentlemen, and welcome to the first quarter 2012 Ctrip.com International, Ltd. earnings call. My name is Amanda and I’ll be your coordinator for today. (Operator Instructions).
At this time I’ll turn the call over to your host for today, Ms. Lin, IR Manager. Please proceed, ma’am.
Thank you, Amanda. Thank you for attending Ctrip’s first quarter 2012 conference call.
Joining me on the call today, we have Mr. James Liang, Chairman of the Board; Mr. Min Fan, President and the Chief Executive Officer; Ms. Jane Sun, Chief Financial Officer; and Ms. Jenny Wu, Deputy Chief Financial Officer.
We may during this call discuss our future outlook and performance, which are forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in Ctrip’s public filings with the Securities and Exchange Commission. Ctrip does not undertake any obligation to update any forward-looking statements except as required under applicable law.