Non-GAAP basic and diluted net loss per ADS attributable to New Oriental were $0.94 and $0.94 respectively. Net operating cash flow for the quarter was up approximately $29.3 million, and CapEx for the quarter was $22.3 million. Turning to the balance sheet, as of May 31, 2022, New Oriental had cash and cash equivalents of $1,148.6 million. In addition, the company had $1,140.1 million in term deposits and $1,902.3 million in the short-term investment.