Michelle Shen | Director, Investor Relations |
Joey Wat | Chief Executive Officer |
Andy Yeung | Chief Financial Officer |
Brian Bittner | Oppenheimer & Company |
Chen Luo | Bank of America |
Wei Xiaopo | Citi |
Michelle Cheng | Goldman Sachs |
Anne Ling | Jefferies |
Lillian Lou | Morgan Stanley |
Lin Sijie | CICC |
Ethan Wang | CLSA |
Thank you all for standing by and welcome to the Yum China Fourth Quarter and Fiscal Year 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 your first speaker, Ms.