Chagee Holdings Limited

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Chaiji's second quarter 2026 earnings conference call. 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 Chaiji's second quarter 2026 earnings call. With us today are Mr. Junjie Zhang, our CEO, Mr. Aiden Yin, our COO, and Mr. Aaron Huang, our CFO. The company's financial and operating results were released by the newswear earlier today and are currently available online. Before we continue, I refer you to our Safe Harbor Statement in the earnings rate 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 CHI 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. Junjie Zhang. Please go ahead, sir.

Hello, everyone. Welcome to Chagi's second quarter 2026 earnings call. We focus on doing everything the users care about. In the first quarter, we complete the organization, product, and marketing routes. In the second quarter, the external environment is a bit fluctuating for high-quality production. But this just verifies our judgment. The basis of the business cycle is still the recognition of users from the heart. The more complex the market, the more it has to return to its original nature. The more intense the competition, the more the focus of the user has to be on the mechanism. As we entered 2026, our strategy has stayed focused on the fundamentals.