Michelle Shen | Director, IR |
Joey Wat | CEO & Executive Director |
Andy Yeung | CFO |
Michelle Cheng | Goldman Sachs Group |
Lillian Lou | Morgan Stanley |
Lina Yan | HSBC |
Chen Luo | Bank of America Merrill Lynch |
Anne Ling | Jefferies |
Yan Peng | UBS |
Thank you for standing by, and welcome to the Yum China First Quarter 2023 Earnings Conference Call. [Operator Instructions]. I would now like to hand the conference over to Ms. Michelle Shen, IR Director. Please go ahead.