Good morning ladies and gentlemen. Thank you everyone and welcome to 21Vianet Group’s Fourth 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 will 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 the SEC. 21Vianet undertakes no duty to revise or update any forward-looking statements for 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 turn the conference call over to Mr. Terry Wang.

Thank you. Good day everyone and thank you for joining us today. We are pleased with our overall results in the fourth quarter of 2015. We grow our total revenues by 15% year-over-year to RMB983 million driven by the growth momentum across our various businesses. Our IDC business experienced solid growth, characterized by expansion of our data center portfolio and the robust sales across three regions. We continue to make strides in our cloud enabler services owing to a strong demand from and our solid relationships with domestic and international customers and partners. Our CDN business saw a healthy pick up as well, with robust growth in both a sequential and a year-over-year basis. However, revenue growth was partially offset by ongoing softness in MNS, primarily driven by the industry-wide decline in bandwidth pricing and loss of certain customers. In the fourth quarter our EBITDA came in within our guidance range and despite experienced increase in telecommunication costs and low margin equipment sales to our broadband retail customers. We were also negatively impacted by some restructuring charges associated with our ongoing business restructuring in the fourth quarter as well as a one-time charge related to accounts receivable provision of approximately RMB22 million. Looking at the state of our business and that of our overall market, we recognize that we are facing several challenges. To address these challenges we will continue to focus on restructuring our business. A process, which we initiated last quarter to better serve the evolving and increasingly specialized data service market. In the short-term this resulted in increasing incremental costs, as mentioned previously. However, as we fine-tune our cost structure, enhance operational efficiency and invest in core growth opportunities, we believe that in the long term we will be able to reignite growth both financially and operationally.…

Thank you, ladies and gentlemen. That does conclude our conference call for today. Thank you for your attendance. You may all disconnect.