Xinyuan Liu | IR Director |
Samuel Shen | CEO & Executive Chairman of Retail IDC |
Tim Chen | CFO |
Yang Liu | Morgan Stanley |
Edison Lee | Jefferies |
Hongjie Li | CICC |
Albert Hung | JPMorgan |
Clive Cheung | Credit Suisse |
Sara Wang | UBS |
Ethan Zhang | Nomura Securities |
Guohan Wang | Daiwa Securities |
Hello, ladies and gentlemen. Thank you for standing by for the First Quarter 2022 Earnings Conference Call for VNET Group Inc. At this time, all participants are in a listen-only mode. After the management’s prepared remarks, there will be a question-and-answer session. Participants from our management will include Mr.