Michelle Qi | Senior Investor Relations Director |
James Liang | Executive Chairman |
Jane Sun | Chief Executive Officer |
Cindy Wang | Chief Financial Officer |
Alex Poon | Morgan Stanley |
Ronald Keung | Goldman Sachs |
Alex Yao | JPMorgan |
Thomas Chong | Jefferies |
James Lee | Mizuho |
Joyce Ju | Bank of America |
Tian Hou | TH Capital |
Brian Gong | Citi |
Thank you for standing by and welcome to the Trip.com Group 2021 Q1 Earnings Conference Call. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to Michelle Qi, Senior IR Director of Trip.com Group. Please go ahead.