Despite a very challenging year in 2022, Yum China remained profitable every quarter and expanded our store network, while continuing to make significant progress towards our Environmental, Social and Governance (ESG) goals. Throughout the pandemic, our commitment to our ESG priorities never wavered, and we stayed true to our purpose by supporting our employees, effectively serving our customers, and giving back to our communities. We are committed to making continuous progress towards our ESG goals throughout our company. We have incorporated ESG as a key performance evaluation criterion for each leadership team member, as they are accountable for driving progress towards these goals. Beyond that, we are exploring opportunities to elevate the prominence of ESG throughout our organization by incorporating ESG metrics and results into our broader employee incentive program. This will encourage employees at every level to incorporate ESG priorities into their daily work. We are actively executing on our plan to decarbonize our business. We have set near-term greenhouse gas (GHG) emissions reduction targets that have been approved by the Science Based Targets initiative (SBTi). This represents a major milestone on our journey towards achieving net-zero value chain GHG emissions by 2050. We are committed to reducing GHG emissions by more than 60% by 2035 from a 2020 base year, and we have created a roadmap for achieving a low-carbon future. Our roadmap has three strategic enablers: energy efficiency improvement, renewable energy investment, and supplier engagement. Yum China strives to create a responsible ecosystem by building sustainable restaurants, creating a sustainable supply chain, and contributing to sustainable communities together with all stakeholders. At the Board level, the Board maintains overall responsibility for overseeing the Company’s risk management framework. The Food Safety and Sustainability Committee assists the Board in its oversight of the Company’s practices, policies, procedures, strategies, and initiatives relating to sustainability, including environmental, supply chain, and food nutrition and health. The Food Safety and Sustainability Committee also reviews and oversees the development and implementation of the goals the Company may establish from time to time with respect to its sustainability initiatives.