TH International Limited

Ladies and gentlemen, and welcome to the Teams China's second quarter 2026 earnings conference call. All participants will be in listen-only mode during management's prepared remarks, and then there will be a question and answer session to follow. Today's conference is being recorded. At this time, I would like to turn the call over to Patty Yu, Teams China's public and media relations manager, for prepared remarks and introductions. Please go ahead, Patty.

Hello, everyone. And thank you for joining us on today's call. Techie International Limited announced its second quarter 2026 financial results earlier today. A press release as well as a company presentation which concludes operational and financial highlights are now available on the complex IR website at ir.teamchina.com. Today you will hear from John Chen, our CEO, and Albert Li, our CFO. After the company prepares the remarks, the management team will conduct a question and answer session. You will find the webcast of today's earnings call on our IR website. Before we get started, I would like to remind you that our earnings presentation and investor materials contain forward-looking statements which are subjected to future events and uncertainties. Statements that are not historical facts including but not limited to statements about the company's beliefs and expectations are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and our actual results may differ materially from those forward-looking statements. All forward-looking statements should be considered in conjunction with the cautionary statements. in our earnings relief and risk factors included in our findings with the SEC. This presentation also included certain non-GAAP financial measures which we believe can be helpful in evaluating our performance. However, those measures should not be considered substitute for the comparable GAAP measures. reconciliation information related to those non-GAAP and GAAP measures can be found in our earnings press release issued earlier today. With that said, I would like now to turn it over to John Chen, our EEO. Please go ahead, John.

Well, thank you, Patty. Good morning, good evening, everyone. Thank you for joining us today. Tim Hortons is one of the world's top 10 most valuable restaurant brands and China represents one of the most compelling consumer market. It's truly a privilege to take on this role as the CEO of Teams China. I'm truly excited and honored to be here and very passionate about our future. Since joining the company, well, in fact, I have to say, even before joining the company in mid-June, I spent a lot of my time diving into the business, visiting stores and suppliers, talking to our barristers and store managers, hearing from our partners, and most importantly, connecting with our customers. These learnings have helped me having a strong grip of where we are and what we need to do differently moving forward. Everything I've seen and heard tell me we have significant strength to build on and our brand is enduring. Over time, market and competition evolved. Consumer habit change. There are many things we need to change to get consumer back. and get them back more often. I look forward to sharing more about my framework of a plan going forward and how to drive our next phase of growth for Teams China Review shortly. But first, I would like to turn it over to our CFO, Albert Lee, for a more detailed overview of our second quarter 2026 financial performance. Albert.