Michelle Shen | Director, Investor Relations |
Joey Wat | CEO & Director |
Andy Yeung | CFO |
Chen Luo | Bank of America Merrill Lynch |
Lillian Lou | Morgan Stanley |
Xiaopo Wei | Citigroup |
Michelle Cheng | Goldman Sachs |
Anne Ling | Jefferies LLC, Research Division |
Veronica Song | Crédit Suisse |
Christine Peng | UBS |
Thank you for standing by, and welcome to the Yum China Third Quarter 2022 Earnings Conference Call. [Operator Instructions]. I would now like to hand the conference over to Ms. Michelle Shen, Director of Investor Relations. Please go ahead.