Tongcheng Travel Holdings Limited

Good day and thank you for standing by. Welcome to Tongcheng Travel 2025 second quarter and interim results announcement conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press dial 11 again. Please be advised that today's conference is being recorded. And I'd like to hand the conference over to Ms. Kylie Yeung, Investor Relations Director. Please go ahead, Ms. Yeung.

Thank you. Good morning and good evening, everyone. Welcome to Tongcheng Travel's 2025 Second Quarter and Interim Results Conference Call. I'm Kylie Yeung, Investor Relations Director of the company. Joining us today on the conference call are our Executive Director and CEO, Mr. Hock Ma, our CFO, Mr. Julian Fang, and our Chief Capital Officer, Ms. Joyce Lee. For today's call, our management team will provide a review of the company's performance in the second quarter. Hock will brief us on the company's strategies, Joyce will discuss our business and operational highlights, and then Julian will address the details of financial performance accordingly. We'll take your questions during the Q&A session that follows. As always, our presentation contains forward-looking statements. Such statements are based on management's current expectations and current market operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors which may cause the company's actual results, performance, or achievements to differ from those in the forward-looking statements. This presentation also contains some unordered non-IFRS financial measures. They should be considered in addition to, but not as a substitute for measures of the company's financial performance prepared in accordance with IFRS. For a detailed discussion of non-IFRS financial measures, please refer to our disclosure documents in the IR section of our website. Now, let me introduce our CEO, Ho. Hope will be presenting in Mandarin, and our colleague will provide the English translation afterwards. Hope, please go ahead.

Thank you, Connie. Good evening, everyone. I would like to welcome you to the second quarter of our phone conference in 2025. In the second quarter of 2025, the Chinese tourism industry continues to develop at a high level. Market demand continues to rise. We focus on the general market. Through rich product supply and sensitive user survey, we continue to consolidate market status. In international business, we are actively enriching the supply of advanced oil products and promoting the deep and detailed work of the key market, promoting the development of the second growth curve of the company. In terms of industry chain layout, we are deeply digging into the potential value of the tourism industry chain to capture more growth opportunities. and the long-term development of the company. In the past quarter, the company's income and net adjustment net profit have increased steadily, again verifying our precise demand-grabbing capabilities and efficient strategic execution. After entering the summer, consumers' demand for tourism continues to diversify, and they are increasingly focusing on experiential consumption. In this trend, we will not hesitate to seize new growth opportunities, continuously optimize products and services, and seek to meet the needs of different consumer groups. At the same time, we will also rely on deep experience, rich resources, and advanced technology to continue to promote product upgrades and technological innovation, thereby increasing user experience and promoting industry technology development. In the face of new opportunities and new patterns in the industry, as China's leading comprehensive travel platform, we will continue to remember the changes in the market, optimize operation strategies, use strong organizational ability to respond to challenges, embrace opportunities, and achieve long-term sustainable development of the company, and create greater value for the relevant people. Thank you and good evening, everyone.