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June 11, 2012 9:00 p.m. EDT
Ellen Chiu – IR Director
Alan Tan – Chairman and CEO
Richard Wei – CFO
Catherine Leung – Goldman Sachs
Timothy Chan – Morgan Stanley
Jin Yoon – Nomura Securities
Alex Yao – Deutsche Bank
Andy Yeung – Oppenheimer
Wendy Huang – RBS
Atul Bagga – Lazard Capital
Welcome to Shanda Games Limited’s first quarter 2012 financial results conference call. The conference call will be recorded and available for replay in its entirety. A copy of Shanda Games’ 2012 first quarter results announcement can be found and downloaded from its Investor Relations website http://ir.shandagames.com. At this time all lines have been placed on listen-only mode and the floor will be open for questions following today’s presentation.
I would now like to turn the call over to Ellen Chiu, Shanda Games’ Investor Relations Director. Please proceed, ma’am.
Thank you. Good morning and good evening everyone. On behalf of Shanda Games, I would like to welcome everyone to our 2012 first quarter financial results conference call. With me today are Mr. Alan Tan, our Chairman and CEO, and Mr. Richard Wei, our CFO.
Before we begin, I would also like to remind you that management comments during the call will include forward-looking statements that are based on our current expectations and are intended to qualify for the Safe Harbor from liability for such statements established 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’ first quarter 2012 earnings release.