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August 16, 2012 8:30 AM ET
Martin Reidy - Brunswick Group, IR
Donald Zhang - Co-Founder, Chairman and CEO
Harry Lu - Co-Founder, Vice Chairman and President
Kevin Wei - Chief Financial Officer
Ella Ji - Oppenheimer
Joshua Hwang – Goldman Sachs
Good morning. And thank you for standing by for the Century 21 China Real Estate’s Second Quarter 2012 Earnings Conference Call. At this time, all participants are on listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Today's conference call is being recorded.
I will now turn the call over to your host for today, Martin Reidy.
Thank you, everyone, for joining us for Century 21 China Real Estate’s second quarter 2012 earnings call. With us today are Donald Zhang, Co-Founder, Chairman and Chief Executive Officer; Harry Lu, Co-Founder, Vice Chairman and President; and Kevin Wei, the company's Chief Financial Officer.
Before we continue, please allow me to read you IFM Investment's Safe Harbor statement. Some of the statements during this conference call are forward-looking statements made under the Safe Harbor provisions of Section 21E of the Securities Exchange Act of 1934 as amended.
Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to, those outlined in our public filings with the SEC.