Chagee Holdings Limited

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Chachi's third 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 management's prepared remarks. 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.

Hello, everyone, and welcome to Chai-Chi's third 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. With that, I will turn the call to our CEO, Mr. Jun Jie Zhang. Please go ahead, sir.

感谢各位今天参加报应茶几2025年第三季度的业绩发布会。 首先,我想对全体报应茶几的伙伴们致以谢意。 在充满变化与挑战的市场环境中, 是他们的坚韧与卓越执行让我们得以稳步前行。 Hello, everyone.