Good morning, ladies and gentlemen. Thank you everyone, and welcome to the 21Vianet Group's Third Quarter 2015 Earnings Conference Call. At this time, all participants are in a listen-only mode. I would also like to mention that due to the pending going private transaction, there'll be no Q&A session at the end of the call. Before we begin, I will read the Safe Harbor statement. This call may contain forward-looking statements made pursuant to the Safe Harbor provisions for the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations that involve known and unknown risks, uncertainties, and other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or expectations implied by these forward-looking statements. All forward-looking statements are expressly qualified in their entirety by the cautionary statements, risk factors, and details of the company's filings with SEC. 21Vianet undertakes no duty to revise or update any forward-looking statements for the selected events or circumstances after the date of this conference call. With us today is Mr. Terry Wang, 21Vianet's Chief Financial Officer. At this time, I would now like to hand the conference over to Mr. Terry Wang. Thank you, please go ahead.

Good day everyone, and thank you for joining us today. We're pleased to win a steady top-line growth in the third quarter with the revenues increasing 19% year-over-year to RMB 924 million, which outperformed midpoint of our revenue guidance. The increase was primarily driven by continued solid growth in our IDC business, elevated demand for company's cloud services, steady growth in our Aipu business, as well as additional contribution from Dermot Entities, which we acquired from DYXnet Group in August 2014. Our revenue growth was partially offset by the continued softness in the managed network services cost by ongoing slumps in bandwidth selling prices in the market. EBITDA came in softer than expected, primarily driven by the higher spending on telecommunication costs and certain equipment sales to Aipu broadband retail customers that generate lower margins. Due to the changes in the competitive landscape in the marketplace, we have started in the third quarter to restructure our business. We have incurred certain restructure charges, which also impacted our EBITDA in the third quarter and likely next few quarters. Looking at our overall business development and the challenges we currently face in the market, a key focus for us going forward is to restructure our business into different business units in order to better serve the continuously evolving increasing specialized market segments. We are evaluating a new organizational structure that separates out colocation, CDN, data center construction and development, enterprise network services, and the consumer access network. We believe this greater level of our autonomy will allow the various units to specialize and optimize in a way to further improve scale, profitability, and operating efficiencies. As we expand our data center footprint, we’ll leverage our strong partnerships with global tech companies. We remain confident in our ability to scale our business both…

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