Operator
Good evening, and good morning, ladies and gentlemen, and thank you for standing by for 17EdTech’s Fourth Quarter 2025 and Full Year Earnings Conference Call. [Operator Instructions] As a reminder, today’s conference call is being recorded. I’ll now turn the meeting over to your host for today’s call, Ms. Lara Zhao, 17EdTech’s Investor Relations Manager. Please proceed, Lara.
Lara Zhao
Investor Relations Manager
Thank you, operator. Hello, everyone, and thank you for joining us today. Our earnings release was distributed earlier today and is available on our IR website. Joining us today are Ms. Sishi Zhou, Chief Financial Officer; and myself, Investor Relations Manager. Sishi will walk you through our latest business performance and strategies and I will discuss our financial performance in more detail. After the prepared remarks, Sishi will be available to answer your questions during the Q&A session.
Before we begin, I’d like to remind you that this conference call contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties or other factors, all of which are difficult to predict and many of which are beyond the company’s control. These risks may cause the company’s actual results, performance or achievements to differ materially.
Further information regarding these or other factors — other risks, uncertainties or factors is included in the company’s filings with the U.S. SEC. The company does not undertake any obligation to update any forward-looking
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