Michelle Shen | Director, Finance |
Joey Wat | Chief Executive Officer |
Andy Yeung | Chief Financial Officer |
Lillian Lou | Morgan Stanley |
Michelle Cheng | Goldman Sachs |
Brian Wong | CMS |
Xiaopo Wei | Citi |
CJ Lin | CICC |
Anne Ling | Jefferies |
Christine Peng | UBS |
Lucy Yu | Bank of America |
Walter Woo | CMB International |
Thank you all for standing by, and welcome to the Yum China Second Quarter 2022 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'd now like to hand the conference over to Michelle Shen.