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ATA Creativity Global (AACG) Q4 2022 Earnings Call Transcript

Apr. 01, 2023 12:27 AM ETATA Creativity Global (AACG)
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ATA Creativity Global (NASDAQ:AACG) Q4 2022 Earnings Conference Call March 30, 2023 9:00 PM ET

Company Participants

Alice Zhang - Investor Relations

Ruobai Sima - Chief Financial Officer

Jun Zhang - President


Greetings. Welcome to ATA Creativity Global’s Fourth Quarter and Year-End 2022 Financial Results. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to Alice of the Equity Group. Thank you. You may begin.

Alice Zhang

Thank you, operator, and hello, everyone. Thank you for joining us. The press release announcing ATA Creativity Global’s or ACG’s results for the fourth quarter and year ended December 31, 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 will 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, intend, look forward to, outlook, plans, 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 program 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 the COV19 pandemic.

Although the company

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