Florence Lip | Senior Director, IR |
Joey Wat | CEO & Director |
Andy Yeung | CFO |
Michelle Cheng | Goldman Sachs Group |
Chen Luo | Bank of America Merrill Lynch |
Xiaopo Wei | Citigroup |
Anne Li | Jefferies |
Lillian Lou | Morgan Stanley |
Dylan Chu | CLSA Limited |
Ladies and gentlemen, thank you for standing by, and welcome to Yum China 2019 Third Quarter Earnings Conference Call. [Operator Instructions]. I must advise you that this conference is being recorded.
I would now like to hand the conference over to your speaker, Florence Lip. Thank you.