Luckin Coffee Inc

Ladies and gentlemen, welcome to Luckin Coffee's first quarter 2022 earnings conference call. All participants will be in a listen-only mode during management's prepared remarks. Today's conference is being recorded. At this time, I would now like to turn the call over to Mr. Bill Zimmer at ICR for opening remarks and introductions. Please go ahead, sir.

Hello, everyone, and thank you for joining us on today's call, the company's first investor conference call in two years. Luckin Coffee announced its first quarter 2022 financial results earlier today. A press release is now available on the company's IR website at investor.lkcoffee.com. Today, you will hear from Jinny Guo, Chairman and CEO of Luckin Coffee, Reinhard Schackel, CFO and CSO of the company, and Chan Jiang, Senior Vice President of Due to time constraints, we will not have a Q&A session on this call. We will be referring to a slide presentation on today's call, which can be found via a conference call webcast link as well as on the company's IR website. Again, the IR website link is investor.lkcoffee.com. During this call, the company will be making some forward-looking statements regarding future events and results. Statements that are not historical facts, including but not limited to statements about the company's beliefs and expectations, are forward-looking statements. Four looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the company's filings with the SEC. With respect to any non-GAAP measures discussed during the call today, the accompanying reconciliation information related to those measures can be found in the earnings press release issued earlier. During today's call, Dr. Guo will speak in Chinese and his comments will be translated into English. With that said, I would now like to turn the call over to Dr. Guo, Chairman and CEO of Luckin Coffee, Please go ahead.

大家好,欢迎各位参加今天的电话会。 也感谢各位对玉姓咖啡的持续关注和支持。 我是玉姓咖啡的董事长兼CEO郭锦一。 在中文中,我的名字很好记。 锦言盛行的锦,表里如一的一。 我在北京交通大学获得了交通预出规划与管理专业的工学博士学位, 透过有多年的科研、政府和企业的工作经验, My personal hobbies are running and coffee. It is also due to my passion for coffee that I participated in the creation of RuiXin Coffee in 2017. Since the establishment of the company, I have been mainly responsible for product research and development, helping RuiXin to build the first generation of product research and development framework. In May 2020, after the fake boom, I took the lead and became the CEO of the company. Two months later, the board of directors of the company recognized me as the chairman.