Debbie Ding | Senior Manager-Investor Relations |
Joey Wat | Chief Executive Officer |
Andy Yeung | Chief Financial Officer |
Sijie Lin | CICC |
Brian Bittner | Oppenheimer |
Linda Huang | Macquarie |
Xiaopo Wei | Citi Group |
Chen Luo | Bank of America |
Lillian Lou | Morgan Stanley |
Michelle Cheng | Goldman Sachs |
Christine Peng | UBS |
Anne Ling | Jefferies |
Ladies and gentlemen, thank you for standing by, and welcome to Yum China’s 2020 Third Quarter Earnings Conference Call. At this time, all participants will be 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. I would now like to hand the conference over to your speaker today, Ms.