H World Group Limited

Good day and thank you for standing by. Welcome to H-World Second Quarter 2024 Earnings Conference Call. At this time, all participants are in the 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 withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. It is now my pleasure to hand you over to the Senior IR Director of the company, Mr. Jason Chen. Please go ahead.

Thank you, Amber. Good morning and good evening, everyone. Thanks for joining us today. Welcome to Edgeworth Group 2024 Second Quarter Earnings Conference Call. Joining us today is our founder and chairman, Mr. Jiqi. our CEO, Mr. Jin Hui, and our CFO, Mr. Zhou Jun. Following their prepared remarks, management will be available to answer your questions. Before we continue, please note that the 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 findings with SEC. SWOT Group does not undertake any obligations to update any forward-looking statements except as required and applicable laws. On the call today, we will also mention adjusted financial measures during the discussion of our performance. Reconciliation 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.edgeward.com. With that, now I will hand over the call to our CEO, Mr. Jin Hui, to discuss our business performance in the second quarter of 2024. Mr. Jin, please. Thank you. Hello, investors and analysts.

Before I report to you about the second quarter of our business performance, please allow me to announce good news to you. In May this year, Huazhou Group opened the 10,000th Chinese store in China. As you can see, this Hanting is located on the Mote Line of Xizang Linzhi. It is China's last route on the road. This means that since the end of 2019, Huazhou Group has set a goal of 10 million points. After four years of hard work, we have finally achieved 10 million points, a 1.0 stage milestone. More importantly, as we further advance our strategy, we see that there are still huge opportunities and room for growth in the Chinese market. At the same time, we have accumulated a lot of practical experience and organizational ability. Hello, everyone. Before presenting our second quarter operating performance, please allow me to share a good news with you all. In May, we opened our 10,000 hotels in China. As you can see, this Hanting Hotel is located in Motou County,