Good day, ladies and gentlemen. Welcome to the Yongye International second quarter 2012 earnings conference call. (Operator Instructions). I would now like to turn the conference over to your host for today's call, John Capodanno. Mr. Capodanno, please proceed. John Capodanno Thank you, operator. Good morning, ladies and gentlemen, and welcome to Yongye International's second quarter 2012 earnings conference call. I am John Capodanno of FTI Consulting, Yongye's investor relations advisor. With us today are Mr. Sam Yu, Yongye's Chief Financial Officer, and Ms. Kelly Wang, Yongye's Finance Director. Before we start, I would like to remind our listeners that management's prepared remarks in this call contain forward-looking statements which are subject to risks and uncertainties and may make additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the Safe Harbor for Forward-Looking Statements as contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those discussed today due to such risks as, but not limited to, fluctuations in customer demand, management of rapid growth, intensity of competition from other providers of plants and animal nutrient products and services, general economic conditions, geopolitical events, and regulatory changes and other information detailed from time to time in the company's filings and future filings with the United States Securities and Exchange Commission.
Yongye International said Wednesday the $340 million buyout by chairman and CEO Zishen Wum and the Asian private equity arm of Morgan Stanley did not get the required vote of nonaffiliated shareholders at an adjourned special meeting.