Chagee Holdings Limited

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Chachi's first quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. We'll be hosting a question-and-answer session after many changes with Mary Marks. Please note that today's event is being recorded. With that, I'll now turn the call over to the first speaker today, Ms. Alicia Guo, Investor Relations Director of the company. Please go ahead, ma'am.

Thank you. Hello, everyone, and welcome to Chargy's first quarter 2025 earnings call. With us today are Mr. Junjie Zhang, our CEO, and Mr. Aaron Huang, our CFO. The company's financial and operating results were released by the NewsWare earlier today and are currently available online. Before we continue, I refer you to our safe harbor statement in the earnings price release, which applies to this call. Any forward-looking statements that we make on this call are based on assumptions as of today, and CHAGI does not undertake any obligations to update these statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release which contains a reconciliation of non-GAAP measure to GAAP measure. I will turn the call to our CEO, Mr. Jun Jie Zhang. Please go ahead.

尊敬的各位投资者,分析师朋友们大家好。 感谢大家参加我们上市后的首次财报电话会议。 Hello everyone, and thank you all for joining us on first earnings call as a public company. 今年4月,我们成功在纳斯达克挂牌上市。 This is a key part of the strategic significance of the company's development journey. This is not only providing us with a broader development platform and funding support, but more importantly, it has built a gateway to the global capital market to show the new market industry in China. Here, I would like to express my special gratitude to all the members of the Bawang Tea Group for your persistence and hard work to get us to where we are today. I would also like to thank our business partners, This April marked a pivotal moment in our journey as we joined Nasdaq, a significant achievement