Michelle Shen | Director of Investor Relations |
Joey Wat | Chief Executive Officer |
Andy Yeung | Chief Financial Officer |
Michelle Cheng | Goldman Sachs Group, Inc. |
Brian Bittner | Oppenheimer & Co. |
Chen Luo | Bank of America Merrill Lynch |
Anne Ling | Jefferies |
Sijie Lin | CICC |
Lillian Lou | Morgan Stanley |
Christine Peng | UBS |
Thank you for standing by, and welcome to the Yum China Second Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode. There will be a presentation followed by question-and-answer session. [Operator Instructions]
I would now like to hand the conference over to Ms.