H World Group Limited

Good day and thank you for standing by. Welcome to the H-World Q2 2025 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 this 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. I would now like to hand the conference over to your speaker today, Jason Chen.

Please go ahead.

Thank you, Heidi. Good morning and good evening, everyone. Thanks for joining us today. Welcome to Edgeworth Group 2025 Second Quarter Earnings Conference Call. Joining us today is our founder and 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 Security 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 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 early today. As a reminder, this conference call is being recorded. Cost 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 second quarter of 2025. Mr. Jin, please.