Michelle Qi | Senior IR Director |
James Liang | Co-Founder & Executive Chairman |
Jane Sun | CEO |
Cindy Wang | CFO and EVP |
Alex Yao | JPMorgan |
Alex Poon | Morgan Stanley |
Ronald Keung | Goldman Sachs |
Thomas Chong | Jefferies |
James Lee | Mizuho Securities |
Brian Gong | Citigroup |
Tian Hou | TH Data Capital |
Thank you all for standing by, and welcome to the Trip.com Group 2021 Q4 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 would now like to hand the conference over to Ms. Michelle Qi, IR Director. Please go ahead.