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ATA Creativity Global (AACG) Q3 2022 Earnings Call Transcript

Nov. 30, 2022 11:15 PM ETATA Creativity Global (AACG)
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ATA Creativity Global (NASDAQ:AACG) Q3 2022 Earnings Conference Call November 30, 2022 8:00 PM ET

Company Participants

Alice Zhang - Investor Relations, The Equity Group

Ruobai Sima - Chief Financial Officer

Kevin Ma - Co-Founder, Chairman and Chief Executive Officer

Jun Zhang - President

Conference Call Participants

Operator

Greetings, welcome to ATA Creativity Global's Third Quarter 2022 Financial Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to Alice Zhang of The Equity Group. Please go ahead.

Alice Zhang

Thank you, Sherry, and hello, everyone. Thank you for joining us. The press release announcing ATA Creativity Global's or ACG's results for the third quarter ended September 30, 2022, is available at the IR section of the Company's website at www.atai.net.cn. As part of this conference call, the Company has an accompanying slide presentation available on its website. A replay of this broadcast would also be made available at ACG's website for the next 90 days.

Before we get started, I would like to remind everyone that this conference call and any accompanying information discussed herein contain certain forward-looking statements within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as anticipate, believe, could, estimate, expect, forecast, future, intent, look forward to, outlook, plan, should, will and similar terms and include, among other things, statements regarding ACG's future growth and results of operations; ACG's plans for mergers and acquisitions generally; ACG's growth strategy, anticipated growth prospects and subsequent business activities, market demand for, and market acceptance and competitiveness of ACG's portfolio training programs and other education services. The impact of the COVID-19 pandemic on ACG and its operations and ACG's plan and anticipated benefits of the measures implemented in response to

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