Luckin Coffee Inc

Ladies and gentlemen, welcome to Luckin Coffee's second quarter 2026 earnings conference call. All participants will be in a listen-only mode during management's prepared remarks, and there will be a question and answer session to follow. Please be advised that today's call is being recorded. Now, I'd like to turn the call over to Ms. Nancy Song, Head of Investor Relations for Luckin Coffee. Nancy, please go ahead.

Thank you, and hello, everyone. Welcome to Locking Coffee's second quarter, 2026 earnings conference call. We announced our financial results earlier today before the US market opens. The earnings release is now available on our IR website and Available Services. Today, you will hear from Dr. Guo Jinyi, co-founder and CEO of Locking Coffee, who will share a strategic overview of our business. then Ms. An Jing, our CFO, will discuss our financial results in greater detail. Afterwards, we will open up the call for questions. During today's call, we will be making some forward-looking statements regarding future events and expectations. Any statements that are not historical facts, including but not limited to statements about our beliefs and expectations are forward-looking statements. These statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our findings with the ICC. In addition, for land-gap matters discussed today, reconciliation information related to those matters can be found in our earnings press release. During today's call, Dr. Guo will speak in Chinese and his comments will be translated into English. Now, I'd like to turn the call over to Dr. Guo Jingyi, co-founder and CEO of Locking Coffee. Dr. Guo, please go ahead.

Good day, everyone, and welcome to today's earnings conference call. Thank you for your continued interest and support for Locking Coffee. In the second quarter of 2026, we firmly promote a high-quality growth strategy, and the growth of our business is solid and steady. In a complex and diverse market environment, we continue to strengthen our store network and product innovation, strengthen the customer base and brand mentality, and continuously enhance long-term performance advantages, continue to expand market share, and further consolidate the leading position in the industry.