Rene Vanguestaine | IR |
Alex S. Xu | Chairman and CEO |
Megan Huang | VP, Sales and Marketing |
Yiping Yang | CFO |
Dan Xu | Morgan Stanley |
Simon Cheung | Goldman Sachs |
Billy Ng | Bank of America/Merrill Lynch |
Don Lau | China Renaissance Securities |
Unidentified Analyst | UBS |
Good morning, good afternoon, and good evening, and welcome to the GreenTree Hospitality Group Limited Fourth Quarter and Full Fiscal Year 2021 Financial Results Release Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.