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Yanlai Shi - Co-Founder, Director and Chief Executive Officer
Hao Gu - Chief Financial Officer
Conference Call Participants
Elsie Sheng - Morgan Stanley
Presentation
Operator
Hello, ladies and gentlemen. Thank you for standing by for RYB Education Inc.’s Fourth Quarter and Full Year 2019 Earnings Conference Call. At this time, all participants are in listen-only mode. After management’s prepared remarks, there will be a question-and-answer session. Today’s conference call is being recorded. [Operator Instructions] I