MINISO Group Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to Minnesota's earning conference call for the first half of 2024. At this time, all participants are in a listen-only mode. After the management's prepared remarks, we will conduct a question and answer section. Before joining the question and answer section, pre-announce your name and institution and be kindly noted that this event is being recorded. We have announced our June quarter as an interim financial result earlier today. An earnings release is now available on our investor relations website at ia.miso.com. Joining us today are our founder and CEO, Mr. Jack Yeh, and our CFO, Mr. Yisheng Zhang. Before we continue, I would like to refer you to the safe hopper statements in our earnings press release, which also applies to this call as we will be making forward-looking statements. Please also note that we will be discussing on Aparla's financial measures today. which we have explained and reconciled to the most comparable measures reported under the International Financial Reporting Standard in the company's earnings press release and followings with the US SEC and Hong Kong Stock Exchange. The currency unit is Chinese yuan, unless that advice stated. In addition, we have prepared a PowerPoint presentation for today's call, which contains financial and operational information. If you are using Zoom meetings, you should be seeing it right now. You can also revisit it on our IA website later. Now, I'd like to hand over the conference over to Mr. Ye and Mr. Alex Chen from the Minnesota IR team to translate for Mr. Ye. Please go ahead, sir.

Hello everyone, welcome to Minisource Group's earnings conference call for the first half of 2024. During the reporting period, our global market footprints continue to expand.

we achieved a milestone of 7,000 stores globally, which is less than a year since we surpassed 6,000 stores.