Good day, everyone, and welcome to YY’s First Quarter 2016 Earnings Conference Call. At this time, all participants are in a listen-only mode. With us today is Mr. Eric He, CFO. I would also like to mention that due to the pending ongoing private transaction, we will not be hosting a Q&A session at the end of the call. Before we begin, I refer you to the Safe Harbor statement in our earnings release, which also applies to our conference call today as we will make forward-looking statements. I would now turn the call over to CFO, Mr. Eric He. Thank you.

Thank you. Hello, everyone. Welcome to our earnings call. In the first quarter of 2016, our topline continued to see solid growth momentum, increasing by 43% year-over-year to RMB1.65 billion, primarily driven by our IVAS business. Meanwhile, we were able to further grow our paying users by 57% year-over-year to 3.9 million in the first quarter. As we expected, our overall revenue growth was partially offset by the soft performance of online games. It was mainly due to the continued industry wide weakness across China’s web-based game market. In particular, we saw significant growth in mobile broadcasting business, and we have been able to rapidly capitalize on these opportunities through our newly launched mobile broadcasting app, ME or ME, which we will further develop here. As we mentioned in the previous quarter, the content on ME app is relevant to users’ daily life and it enabled users to broadcast live and interact with each other anytime and anywhere. Furthermore, we feature popular spots and hold various entertainment events everyday on ME, which enchances its social function and highly diversified content. We believe there is significant potential to further accelerate its growth, and enhance the ME app popularity among our core and new users. Moving on to Huya, our online games broadcasting business, we are quite excited and proud of the success we have achieved from the recent revamping of the Huya management team. Huya’s improved user interface and most significantly the improved monetization capabilities we have implemented over the past several quarters, all of which have resulted in significant growth. To exemplify this, during the first quarter, we saw revenue increase impressively by 114% year-over-year to RMB118 million. The growth was primarily fueled by a significant 132% year-over-year growth in paying users to 899,000. In our online music and entertainment…

Ladies and gentlemen, that does conclude our conference for today. Thank you for participating, you may all disconnect.