To your host for today's call, Ms. Lara Zhao, 17 EdTech's Investor Relations Manager. Please proceed, Lara. 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 Mr. Michael Du, Director and Chief Financial Officer, and myself, Investor Relations Manager. Michael will walk you through our latest business performance and strategies, and I will discuss our financials in more detail. After the prepared remarks, Michael 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 21 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 they relate to events that involve known and unknown risks, uncertainties and 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 and other factors, 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 statements as a result of new information, future events, or otherwise, except as required under applicable law. I will now turn the call over to our Director and Chief Financial Officer to review some of our business development and strategic direction. Michael, please go ahead. Thank you, Lara. Hello, everyone. Thank you for all joining our second quarter 2023 earnings call. Before we begin, I would like to note that the financial information and the non-GAAP numbers in this release are presented on a continuing basis and in RMB, unless otherwise stated. Let me start with our latest business update. During this quarter, we are delighted to see steady progress in the delivery of our key teaching and learning projects and a corresponding revenue recognition. We have also been expanding our distribution networks with more regional partners in adopting new models to facilitate further business expansion. We continued to win new projects over the past quarter. It is also noteworthy that our offerings were enlisted in the National Directory of Intelligent Educational Products and Services Providers recently. It denotes industry recognition of our market-leading technology and solution, and our deep-rooted dedication to offering specialized services in education digitalization. Going forward, continuous product development and evolution aimed at further enhancing user experiences and applying the latest artificial intelligence technologies will be our continued focus. Now let me get into some details. In terms of in-school teaching and learning software business, the RMB 116 million smart and intelligent homework-based education digital transformation project in Shanghai, Minhang District, we won in first quarter 2023, has started generating revenues in the second quarter of 2023 as the delivery has started. The RMB 20 million Beijing Xicheng District Cloud Classroom Evaluation System project has also started generating revenues this quarter. This signifies continued advancement in our company's business progress, providing, improving our delivery capability on a large scale and a new stage of development, where our recognized revenue is getting gradually less volatile. Throughout this quarter, the company has also been actively exploring additional customer groups, in addition to the education bureaus and public schools. We have been working with private school operators to tap into additional market segments. A number of pilot projects have been signed with a number of reputable private schools across China, and are expected to be implemented over the next few quarters. Such collaboration is still in early stage, but continuous development are expected over the next few quarters. They not only utilize teaching and learning soft offerings that we have for public schools, but also have various value-added modules schools can choose from based on their specific needs, with the potential in such collaboration as a supplement to our traditional public school offerings. These strategic partnerships highlight the recognition of 17 Education's contribution to the digital transformation in China's education sectors, not only in the public space, but also in the private space. From a product and service offering perspective, we continue to invest in our product portfolio, catering to the comprehensive and scenario-based innovation in teaching and learning, as well as our key aims of facilitating regular use in various teaching and learning scenarios from both the product and operation enhancement. By enhancing service, efficiency and improving product experiences, we have continually raised the bar on user satisfaction, resulting in steady growth in key product use indicators. We are actively innovating and refining our SaaS offerings. In addition to fully utilizing the One Teacher, One Learning SaaS platform for digital application in classrooms, homework, examinations, education management. We've broadened our scope to encompass student self-study environment. By bridging the gap between classroom instructions and independent learning, we provided more precise, personalized recommendation services for student self-learning, delivering high quality learning solutions. It is noteworthy that our product was successfully included in the National Directory of Intelligent Educational Products and Services Providers, which was announced at the Smart Education Forum, hosted by the China Academy of Information and Communications Technology on July 18th. This is a strong vote of confidence, acknowledging our dedication to offering specialized services in educational digitalization, and consistently providing high quality, market competitive products and solutions. To date, the directory include a total of 131 domestically well-known companies and their smart education solutions. Looking ahead, we will continue to enhance our product and services, utilize AI technologies to improve user experiences, promote sustainable growth. In terms of other educational services businesses, the company shifts its strategic focus towards teaching and learning SaaS operations. This service is seeing a diminishing trend in their contribution to our revenue. The demand for these products is highly dependent on the regulatory environment and provision of competing services. Moving ahead, we will remain committed to exploring other educational products and services that comply with regulatory environment, while keeping the core focus on our teaching and learning SaaS operations. Now, I will turn the call over to Lara to walk you through our financial performance. Thank you, Lara. Thanks, Michael, and thank you everyone for joining the call. I will now walk you through our financial and operating results. Please note that all financial data I talk about will be presented in RMB terms. I would like to remind you that the quarterly results we present here should be taken with care, and reference to our potential future performance are subject to potential impacts from seasonality and one-off events as a result of a series of regulations introduced in 2021, and corresponding adjustments to our business model, organization, and workforce. In the second quarter, the company proactively tackled challenges and seized the new opportunities to maintain our growth momentum and secure our competitive edge in the market. The consistent progress made by our new businesses is clearly reflected in our financial performance. Our revenue rapidly rebounding over the past quarter. We recorded net revenue of RMB 69.2 million for the second quarter of 2023, compared with RMB 9.27 million in the first quarter of 2023, representing a 6.5x increase. The net loss for the second quarter of 2023 was RMB 47.9 million, significantly narrowing from the net loss of RMB 92.5 million in the first quarter of 2023. The adjusted net losses have considerably narrowed, moving from a loss of RMB 64 million in the first quarter of 2023 to RMB 28.6 million on a non-GAAP basis. This indicates effective cost control measures and an enhancement in operating efficiency. Furthermore, our gross margin has further improved to 48.3%, recovering to a normalized level. This demonstrates the profitability and resilience of our business model. As of June 30, 2023, we have cash reserves of RMB 586 million on our balance sheet, providing sufficient funds for future development. Next, I will go through our second quarter financials in greater detail. Next, our net revenues for the second quarter of 2023 were RMB 69.2 million, representing a year-over-year decrease of 48.1% from RMB 133.5 million in the second quarter of 2022, and a 6.5x increase on a quarter-on-quarter basis compared with RMB 9.27 million in the first quarter of 2023. This is mainly due to the reduction in net revenues from other educational services, as we focus our resources to our core teaching and learning SaaS business. Our cost of revenues for the second quarter of 2023 was RMB 35.8 million, representing a year-over-year decrease of 43.9% from RMB 63.8 million in the second quarter of 2022, which is largely in line with the decrease in the net revenues. Gross profit for the second quarter of 2023 was RMB 33.5 million, representing a year-over-year decrease of 62.0% from RMB 69.7 million in the second quarter of 2022. Gross margin for the second quarter of 2023 was 48.3%, compared with 52.2% in the second quarter. Total operating expenses for the second quarter of 2023 was RMB 91.3 million, including, nineteen point four million of share-based compensation expenses, representing a year-over-year decrease of 12.1% from RMB 103.8 million in the second quarter of 2022. Loss from operations for the second quarter of 2023 was RMB 67.8 million, compared with RMB 34.1 million in the second quarter of 2022. Loss of operations as a percentage of net revenues for the second quarter was -83.5%, compared with -25.5% in the second quarter of 2022. Net loss for the second quarter of 2023 was RMB 47.9 million, compared with net loss of RMB 26.4 million in the second quarter of 2022. Net loss as a percentage of net revenues was -69.2% in the second quarter of 2023, compared with net negative 19.8% in the second quarter. Adjusted net loss non-GAAP for the second quarter of 2023 was RMB 28.6 million, compared with adjusted net income of RMB 3.6 million in the second quarter of 2022. Adjusted net loss non-GAAP as a percentage of net revenues was - 41.2% in the second quarter, compared with 2.7% of adjusted net income as a percentage of net revenues in the second quarter of 2022. Please refer to the table captioned "Reconciliation of non-GAAP measures to the most comparable GAAP measures" at the end of this press release, for a reconciliation of net loss under U.S. GAAP to adjusted net income or loss non-GAAP. Cash and cash equivalents, restricted cash, short-term investments, and term deposits was RMB 585.7 million as of June 30, 2023, compared with RMB 639.5 million as of March 31, 2023. As we look to the future, the drive towards educational digitization continues to surge. There is a widespread consensus that deeply integrating information technology into our teaching systems will fundamentally revolutionize traditional educational philosophies, models, content, and methodologies. Going forward, 17 Education & Technology will persist in leveraging its central strength through a decade of accumulated big data and AI technologies, aiming to empower classroom on a large scale and a regular use basis through digital means. By integrating diverse learning situation data drawn from a variety of scenarios, we aspire to comprehensively establish academic data profiles for students, supporting the digital transformation and high quality development, development of regional and school education. With that, that concludes our prepared remarks. Thank you. Operator, we are now ready to begin the Q&A session. Thanks. Thank you. If you would like to ask a question at this time, please press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Again, if you have a question at this time, please press star one one. Please wait while we compile our Q&A roster. And I'm showing no questions at this time, and I'd like to hand the conference back to Lara Zhao for any further remarks. Thank you, Operator. In closing, on behalf of 17 EdTech's management team, we'd like to thank you for your participation on today's call. If you require any further information, please feel free to reach out to us directly. Thank you for joining us today. This concludes the call.