Kylie Yeung
Investor Relations Director
Replay available
Tongcheng Travl Hldgs Ltd (OTC: TNGCF) Q3 2025 earnings conference call, held 2025-11-25. Replay captured from the company's public earnings webcast.

Investor Relations Director
Executive Director and CEO
Interpreter
Chief Capital Officer
Chief Financial Officer
Analyst, CICC
Analyst, Morgan Stanley
Analyst, Citi
Analyst, UBS
Analyst, Jefferies
Good evening and good morning, everyone. Welcome to Tongchuan Travel's 2025 Third Quarter Results Conference Call. I'm Kylie Yeung, Investor Relations Director of the company. Joining us today on the conference call are our Executive Directors and CEO, Mr. Ho Ma, our CFO, Mr. Julian Vang, and our Chief Capital Officer, Ms. Joyce Nee. For today's call, our management team will provide a review of the company's performance in the third quarter. Hope will brief us on the company's strategies. Joyce will discuss our business and operational highlights. And then Julian will address the details of financial performance accordingly. We will take your questions during the Q&A section that follows. As always, our presentation contains forward-looking statements. Such statements are based on management's current expectations and current market operating conditions and relate to events at known or unknown risk. uncertainties and other factors which may cause the company's actual results, performance or achievements to differ from those in the forward-looking statements. This presentation also contains some unordered non-IFRS financial measures. They should be considered in addition to, but not as a substitute for measures of the company's financial performance paired in accordance with IFRS. For a detailed discussion of non-IFRS measures, please refer to our disclosure documents in the IR section of our website. Now, let me introduce our CEO, Hope. Hope will be presenting in Mandarin, and our colleague will provide the English translation afterwards. Hope, please go ahead. Thank you, Kylie. Good evening, everyone. I would like to welcome you to our third quarter of the phone conference in 2025. In the third quarter of 2025, The growth potential of the Chinese tourism market con...