H World Group Limited

Good day and thank you for standing by. Welcome to H-World First Quarter 2023 Earnings Conference Call. At this time, all participants are in a 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 redraw your question, please press star 11 again. Please be advised that today's conference is being recorded. And I'd like to hand the conference over to the IR Director, Mr. Jason Chen. Please go ahead, sir.

Thank you. Good morning and good evening, everyone. Thanks for joining us today. Welcome to Edgeworth Group 2023 First Quarter Earnings Conference Call. Joining us today is our founder and chairman, Mr. Jiqi, our CEO, Mr. Jinghui, our CFO, Ms. He Jihong, and our president, Ms. Liu Xingxing. Following their prepared remarks, management will be available to answer your questions. Before we continue, please note that discussion today will include forward-looking statements made under the safe harbor provision of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in our public filings with the SEC. Edgeward Group does not undertake any obligations to update any forward-looking statements except as required by applicable laws. On the call today, we will also mention adjusted financial measures during the discussion of our performance. Reconciliations of those measures to comparable gap information can be found in our earnings release that was distributed yesterday. As a reminder, this conference call is being recorded. The webcast of this conference call, as well as supplementary slide presentation, is available at IR.EdgeWorld.com. With that, now I will hand over the call to our CFO, Ms. He Ji Hong, for opening speech. Ms. He, please.

Good morning and good evening, ladies and gentlemen. Thank you for joining our first quarter 2023 earning call today. With the reopening in China, we have experienced a very positive growth in the first quarter of 2023. Our franchisees are rebuilding their confidence and accelerated investment in new hotels. After COVID, we observed people in China are willing to expand more experience-related activities like travel, similar to what happened in the rest of the world. In a nutshell, we had a very good start in this year, and we're very happy to report a strong performance in the first quarter of 2023. Mr. Jin Hui, CEO of H-World Group, will highlight the key achievements in this quarter, followed by elaboration of financial performance. As always, we will have a Q&A session after management presentation. With this, I now hand over to Mr. Jin Hui.