Florence Lip | Senior Director, Investor Relations |
Joey Wat | CEO |
Jacky Lo | CFO & Treasurer |
Michelle Cheng | Goldman Sachs |
Xiaopo Wei | Citigroup |
Mike Tamas | Oppenheimer |
Lillian Lou | Morgan Stanley |
Chen Luo | Bank of America Merrill Lynch |
Sara Senatore | Bernstein |
Christine Peng | UBS |
Ladies and gentlemen, thank you for standing by, and welcome to today's Yum China 2019 Second Quarter Earnings Conference Call. At this time all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] I must advise you that this conference is being recorded today, Wednesday, the 31st of July 2019.
I would now like to hand the conference over to your speaker today, Florence Lip.