Michelle Shen | Director, Finance |
Joey Wat | CEO |
Andy Yeung | CFO |
Michelle Cheng | Goldman Sachs |
Lillian Lou | Morgan Stanley |
Xiao Po Wei | Citi |
Chen Luo | Bank of America |
Anne Ling | Jefferies |
Good day, and thank you for standing by. Welcome to the Yum China's Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.