 Youdao, Inc. NYSE:DAO Q1 2022 Earnings Conference Call May 24, 2022 7:00 AM ET Company Participants Jeffrey Wang - Investor Relations Director Feng Zhou - Chief Executive Officer Lei Jin - Vice President Peng Su - Vice President of Strategies Capital Markets Yongwei Li - Vice President of Finance Senior Financial Controller Conference Call Participants Elsie Sheng - Morgan Stanley Hongyi Cao - CICC Linda Huang - Macquarie Thomas Chong - Jefferies Candis Chan - Daiwa Operator Good day, and welcome to the Youdao 2022 First Quarter Earnings Conference Call. Todays conference is being recorded. 