Adam Prior - Equity Group Benson Tsang - CFO Kevin Ma - CEO

Good day ladies and gentleman and welcome to the ATA Financial Results Fiscal Year 2015 Second Quarter and six months Conference Call. My name is [indiscernible] and I will be your operator for today. At this time all participants are on a listen only mode. We will conduct a question and answer session towards the end of the conference. (Operator Instructions). I’d also like to remind all participants this conference is being recorded. Now I’d like to turn the call over to Mr. Adam Prior of the Equity Group. Please go ahead sir.

Thank you, and good morning, everyone. Thank you for joining us. Copies of the press release announcing ATA’s fiscal 2015 second quarter results are available at the IR section of the Company’s website at www.ata.net.cn. As part of this conference call, the Company has an accompanying slide presentation available on its website. You are also welcome to contact our office at 212-836-9600 and we would be happy to send you a copy. In addition, a replay of this broadcast will be made available at ATA’s website for the next 90 days. Before we get started, I'd like to remind everyone that this conference call and any accompanying information discussed herein contains certain forward looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in its forward looking statements are reasonable as of today, those statements are subject to risks and uncertainties that could cause the actual results to differ dramatically from those projected. There can be no assurance that those expectations will prove to be correct. Information about the risks associated with investing in ATA is included in its filings with the Securities and Exchange Commission, which we encourage you to review before making an investment decision. The Company does not assume any obligation to update any forward looking statements as a result of new information, future events, changes in market conditions or otherwise, except as required by law. Regarding the disclaimer language, I would also like to refer you to Slide 2 of the conference call presentation for further information. All dollar amounts in this conference call relating to financial results for the Company’s most recent quarter ended September, 30, 2014 are converted from RMB using an exchange rate of RMB6.1 to RMB6.1380 to $1. All historical conversions are accurate as of the time reported unless otherwise noted. The Company reports its financial results under U.S. GAAP in RMB and all percentages calculated in the presentation are based on RMB, unless otherwise noted. For those of you following along with the accompanying PowerPoint presentation, there is an overview of the Company on Slide 3. The Company’s CFO Mr. Benson Tsang will provide an overview of operational and financial highlights for second quarter 2015 beginning with Slide 4. The Company’s Chairman and CEO, Mr. Kevin Ma, will then discuss ATA’s outlook and growth strategy for the remainder of fiscal year 2015, before opening the floor for questions. With that I’ll turn the call over to ATA’s CFO Mr. Benson Tsang. Please go ahead Benson.

Thank you, Adam, and good morning, everyone. Today I will provide an overview of our operating and financial highlights for second quarter 2015 and then proceed discuss our outlook for fiscal year 2015 and beyond. I would like to begin on Slide 5, which lists some of our operating highlights. During second quarter 2015 we delivered approximately RMB3 million [indiscernible] over RMB1.6 million of bills refer to CPA Exams, which is successfully delivered for the third consecutive year using ATA technologies. ATA continues to focus on creating new and innovative technologies and partnerships to help bring consumers and education client held together. We continue to make process on both consumer focus initiatives, such as the joint venture with New Oriental. The name of the new JV Company is Beijing [indiscernible] Education Technology Company Limited. Both ATA and New Oriental have received funds to the new company and we continue working closely with New Oriental on forming a strong leadership team. The Board of Directors have deformed and our transitional management team for the KV Company consisting primarily of members of New Oriental's experience online business team are preparing a business trend of dealing [indiscernible]. We expect the online carrier education and training web page, learning management system to be ready by early 2015 and our goal is to grow this platform into the largest online carrier education resource in China in three to five years. In June ATA introduced its own mobile application called Kao Shi Dao Hang or Exam Inventory Navigator in English. We released an update to the app in August, which include new content such as test information for various exam software and increased functionality. Users can now visualize the exam process with the timeline detailing its [indiscernible] from exam preparation to delivery to the results being…

Thank you, Benson. It’s an exciting time in ATA’s history. Since I cofounded the Company in 1999, we have seen technology began increasing [indiscernible] as a tool to reach to very beginning and as said the further [indiscernible] level. ATA has worked hard adapting to a changing market. We began pricing in relationship with government bodies that needed effective and experienced third-parties to capital and [indiscernible] larger skill assessment and certification exams. Today we have worked with a number of government associations for over 10 years and continue to view that trend and extending those relationships. A period ago we extended our core competence of testing service to corporate clients, presenting [indiscernible] make the most suitable choice for new hire and be able to approach and to incentivize and also productive employees of their firms. Today, we are proud to be working with many globally recognized customers in a range of industries such as HSBC Beijing, [indiscernible] Insurers and [indiscernible] high tech. In fiscal year 2015, we continue to serve our government and corporate clients. But as Benson just mentioned, we have experienced longer than expected contract negotiations as a result of our current difficult environment, which may impact our outlook for the fiscal year. Our fiscal year 2015 marks yet another step [indiscernible] and we are hoping our new initiatives use on the consumer which you can see on Slide 14 of the presentation. ATA’s mobile application Exam Event Inventory Navigator is while reduce initiatives and we are very pleased with the initial restructuring. We hope to continue making this tool increasingly useful to our user. As we previously shared we firmly believe being a structure that believes in strong partnership with different industrial leaders, ATA’s expertise in testing technologies and start to finish procedures as we tabled to…

Thank you, sir. (Operator Instructions) So we have no questions in the queue. (Operator Instructions) Thank you. We have no questions in the queue. And now I would like to turn the call over to Mr. Kevin Margin for closing remarks. Please go ahead, sir.

Thanks again to all of you for joining us. If anyone has question for us, please feel free to reach up to Benson or myself, as well as our Investor Relations firm The Equity Group. We look forward to speaking with you again during our third quarter 2015 financial results call. And as always we welcome any investors to our office in Beijing. Thank you.

Thank you. Ladies and gentlemen that concludes the conference call for today. You may disconnect. Thank you for joining. Have a very good day.