Trip.com Group Limited

Thank you for standing by and welcome to the trip.com group 2020 Q4 earnings conference call. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Michelle Chee, Senior Director. Please go ahead.

Thank you.

Good morning and welcome to TRIP.com Group's 2020 Q4 Earnings Conference Call. Joining me today on the call are Mr. James Lam, Executive Chairman of the Board, Ms. Jen Sun, Chief Executive Officer, and Ms. Cindy Wong, Chief Financial Officer. During this call, we will discuss our future outlook and performance, which are forward-looking statements made under the Sixth Harbor Prohibition of the U.S. 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 TRIP.com Group's public filings with the Security and Exchange Commission. TRIP.com Group does not undertake any obligation to update any forward-looking statements, except as required under applicable law. Jim, Jen, and Cindy will share our strategy and business updates, operating highlights and financial performance for the fourth quarter of 2020, as well as the updates for the first quarter of 2021. After the prepared remarks, we will have a Q&A session. With that, I will turn the call over to Jim. Jim, please.