H World Group Limited

Good day and thank you for standing by. Welcome to H-World Third 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 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 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 Chin. Please go ahead.

Thank you, Amber. Good morning and good evening, everyone. Thanks for joining us today. Welcome to Edgeworth Group 2024 Third Quarter Earnings Conference Call. Joining us today is our Chairman, Mr. Jiqi, our CEO, Mr. Jinghui, our CFO, Ms. Chenghui, and our CSO, Ms. He Jihong. 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 filings with the SEC. Edgeworth Group does not undertake any obligations to update any forward-looking statements except as required and applicable laws. On the court today, we will also mention adjusted financial measures during the discussion of our performance. Reconciliations of those measures to comparable GAAP 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 CEO, Mr. Jin Hui, to discuss our business performance in the third quarter of 2024. Mr. Jin, please. Hello, everyone. Thanks for joining Edgewater Group Third Quarter's 2024 Earnings Conference Call.

In the third quarter of 2020, the overall travel demand in China continues to grow steadily. Due to the impact of high ADR in the hotel industry last year, RERPAR was also affected. In addition, the extreme typhoon weather before and after the Mid-Autumn Festival caused a certain impact on travel in Shanghai and surrounding areas. At the same time, in the third quarter, we have made some proactive business strategy adjustments, especially the optimization of sales channels. I will explain in detail later. Although this adjustment has had a negative impact on the performance of this quarter, it has a very important strategic meaning for the long-term sustainable sustainable development of the company. Please turn to page 3. Let us review the business performance of Huazhou China in the third quarter. Huazhou China's third quarter RERPA is In the third quarter of 2024,