Xinyuan Liu | Investor Relations Director |
Samuel Shen | Chief Executive Officer & Executive Chairman of Retail IDC |
Tim Chen | Chief Financial Officer |
Ethan Zhang | Nomura |
Edison Lee | Jefferies |
Sara Wang | UBS |
Albert Hung | JPMorgan |
Clive Cheung | Credit Suisse |
Hongjie Li | CICC |
Hello, ladies and gentlemen. Thank you for standing by for the Second Quarter 2022 Earnings Conference Call for VNET Group, Inc. At this time, all participants are in listen-only mode. After the speakers' presentations -- after the management's prepared remarks, there will be a question-and-answer session. Participants from our management include Mr.