Chagee Holdings Limited

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to ECHG's second quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. We will be hosting a question and answer session after management's prepared remarks. Please note that today's event is being recorded. With that, I will 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 Chagi's second 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 SafeHopper statement in the earnings press 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. With that, I will turn to the call to our CEO, Mr. Junjie Zhang. Please go ahead, sir.

Hello, everyone.