Thank you for standing by and welcome to the Trip.com 2021 Q3 Earnings Conference Call. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Michelle <unk>, Trip.com, IR director. Please go ahead. Thank you Darcy. Thank you all good morning. And the evening. Welcome to Trip.com 2021 Q3 Earnings Conference Call. Joining me today on the Call are Mr. James Liang, Executive Chairman of the Board, Ms. Jane Sun, Chief Executive Officer and Ms. Cindy Wang, Chief Financial Officer. During this Call, we will discuss our future <unk> and performance, which are forward looking statements made and are the Safe Harbor Provisions of the US Private Securities Litigation Reform Act of 1995. Forward looking statements involve inherent risks and uncertainties. As such, our results may be materially are different from the views expressed today. A number of potential risks and uncertainties are outlined in Trip.com Group's Public Filings with the security and exchange commission. Trip.com Group does not undertake any obligation to update any forward looking statements except as required under applicable law. James, Jane and Cindy will share now strategy and business updates, operating highlights and financial performance for the third quarter of 2021, as well as a, outlook for the fourth quarter of 2021. After the prepared remarks, we will have a Q&A session. With that, I will turn the Call over to James. James, please. Thank you, Michelle. Thank you everyone for joining us to come call today. In the third quarter, we are glad to see the world to continue to transition towards normalcy. Thanks to rapid vaccine laws and evening of travel curves. People are more comfortable with traveling and able to do more in destinations. The Trans-Atlantic travel markets have seen recovery take shape and Europe and the United States to reopen their borders to fully active travelers. These digital COVID certificate has helped to facilitate free movement and travel within the continent. We're also happy to see many countries have adopted travel fresh policies to smoothen the path for international travel and tourism. In China, the spread of Delta variant beginning at the end of July <inaudible> the summer vacation season, and had to oppress the travel momentum in winter. The vaccination rate in the country continues to rise with the expectation that over 85% of the Chinese population will be fully vaccinated early next year. A highly vaccination rate and the national <inaudible> booster shots will help us build resilience to pandemic challenges. The recent discovery of Omicron variant may have sponsored new rounds and global concern. And once again, human rights <inaudible> sorts of restrictions. Pandemic uncertainly, will continue to be an ongoing issue for consumers and the business life in next year. It what believe that the remaining agile in the face of change is the key to hold off pandemic impacts. We'll continue to adopt the due circulation strategy to focus on both the Chinese domestic and the global travel market. The <unk> fees and <inaudible> any opportunity, amidst tough changing market conditions. On China domestic market we may focused on <inaudible> supply chains to enrich our product offerings, to cover more user cases scenario, and leveraging our content strategies attract the younger generations. Our content channel is not only an inspirational channel for travelers, but it's also a platform where business part- where business partners can showcase their products and interact with Trip.com Group's for high quality users. This year, more than 200 of many users have viewed our content. Remarkably, 35% of the unique app visitors have developed the habits of browsing our content channel. As the leading one stop travel platform, our content to transaction conversion rate is also higher. Business partners can enjoy this monthly <inaudible>, business partners can enjoy monthly conversion rates up to 30% encouraging them to reinforce our corporation. On the international front, Asia Pacific and Europe will continue to be our key focuses. In APAC market, our global brand Trip.com has been gaining shares in markets, such as Hometown, Singapore, Japan, and South Korea with increasing brand awareness and app usage. During the pandemic, Trip.com swiftly adopted to meet different demands and focus our expectations by strengthening local hotel brands. In Europe, all of our brands have been closely collaborating throughout the previous quarters giving a strong boost to Trip.com product competitiveness in the region. In the long run, Trip.com will continually enhance offering and leverage <inaudible> strong traffic and strengthening it <inaudible> market presence in Europe. A short local focus global vision will continue to be our course strategy in coming years. We'll remain focused on strengthening the boots competitiveness and will prepare to embrace the global travel revival and tourism bloom. We hope to see such inputs start to bear fruit and to be reflected in the performance of business over the next three, five years. With that, I will send a call over to Jane for operational <inaudible>. Thank you, James. Good morning, everyone. I would like to start with a brief overview of our performance in the past quarter and updates. Uh, our strategic focuses. In a third quarter, our total net revenue remained stable year over year and decreased by 9% quarter over quarter, mainly due to natural disasters and in new rounds of infections, which affect multiple provinces in China. We are glad to see the world moving ahead in normalizing international tourism. Yet, the road to global recovery is not without ups and downs. The performance of travel markets in major economies has been divergent. The China travel market has been frequently interrupted by the resurgences of COVID cases. It has witnessed a strong recovery in July until natural disasters and the Delta variant emerged to slow it down. Industry wise, the hotel occupancy rate and air ticket bookings in Q3 were done by around 30% when compared to the pre COVID 2019 level for market performances. Nevertheless, our domestic hotel business was able to <inaudible> the market by 20 to 25%. And our domestic air ticket booking recovery was much higher than the market levels as well. The global market on the other hand has been making great progresses in returning to normalcy, especially in Europe and United States. Air ticket bookings in these markets made some major stride towards pre pa- pandemic levels in the past month. While the global flight volume was still below 2019 level, Trip.com overall international air ticket booking have increased by around 40% quarter over quarter with air ticket bookings in Europe growing by 170%. Sky scanner also saw air ticket bookings increased by approximately 100% year over year and around 35% quarter over quarter. While COVID 19 pandemic has negatively affected the travel industry, there is no doubt the industry will emerge out from the trenches and come back stronger. We hope to see the travel industry take off in mid 2022 as vaccination level rise in the key markets and