Q4 2019 Sunlands Online Education Group Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to Sunlands' Fourth Quarter and Full Year 2019 Earnings Conference Call. (Operator Instructions) Today's conference call is being recorded. If you have any objections, you may disconnect at this time.
I would now like to turn the call over to your host today, Yingying Liu, Sunlands' IR Director. Please go ahead.
Hello, everyone, and thank you for joining Sunlands' Fourth Quarter and Full Year 2019 Earnings Conference Call. On the call, our CEO, Tongbo Liu, who will provide an update on our operational performance as well as our strategic initiatives. Our CFO, Steven Yipeng Li, will give you an overview of our financial performance and also provide our guidance for the first quarter of 2020. Following their prepared remark, we will move into the Q&A session.
Before I hand it over to the management, I'd like to remind you of Sunlands' safe harbor statement in relation to today's call. Except for the historical information
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