Operator

Ladies and gentlemen, thank you for standing by, and welcome to Atour Lifestyle Holdings First Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded.

I would now like to turn the call over to Mr. Luke Hu, IR Director. Thank you. Please go ahead, sir.

Luke Hu

Thank you, operator. Good morning, and good evening, everyone. Welcome to our first quarter 2026 earnings conference call. Today, you will hear from our Founder, Chairman and CEO, Mr. Wang

Haijun; and our EVP Co-CFO, Mr. Wu Jianfeng.

Before we continue, please be aware that this discussion will include forward-looking statements under federal securities laws, and these statements are subject to various risks and uncertainties, and actual results may differ significantly from what is stated or implied in our comments today. The company is not obligated to update any forward-looking statements, except as required by applicable laws.

Additionally, during this call, our management will discuss certain non-GAAP financial measures solely for comparison purpose. For a clear understanding of these measures and the reconciliation of GAAP to non-GAAP financial results, please refer to the earnings release issued earlier today. Furthermore, a webcast replay of this conference call will be accessible on our website at ir.yaduo.com, where a copy of the results presentation is also available.

Now I will turn the call over to Mr. Wang, our CEO.