Debbie Ding | Senior IR Manager |
Joey Wat | CEO |
Andy Yeung | CFO |
Brian Bittner | Oppenheimer |
Chen Luo | BofA Securities |
Michelle Cheng | Goldman Sachs |
Anne Ling | Jefferies |
Lillian Lou | Morgan Stanley |
Christine Peng | UBS |
Lina Yan | HSBC |
Good day, and thank you for standing by. Welcome to the Yum China's First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.