...Operator Ladies and gentlemen, welcome to TH International Limited first quarter 2023 earnings presentation. My name is Ting Zhou, Head of Investor Relations. TH International Limited announced its first quarter 2023 financial results earlier today, a press release as well as a company presentation which contains operational and financial highlights are now available on the company's IR website at ir.timschina.com. Today, you'll hear from Mr. Yongchen Lu, our CEO and Director, and Mr. Albert Li, our CFO. You can also find a webcast of this presentation on our IR website. Before we get started, I'd like to remind you that our earnings presentation and investor materials contain forward-looking statements which are subject 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...