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GreenTree Hospitality Group Ltd (GHG) Q1 2021 Earnings Call Transcript

Operator Hello, ladies and gentlemen, and thank you for standing by for GreenTree s fourth-quarter and full-year 2020 earnings conference call. [Operator instructions] As a reminder, today s conference call is being recorded. I would now like to turn the meeting over to your host for today s call, Mr. Rene Vanguestaine of Christensen, GreenTree s investor relations firm. Please proceed, Rene. Investor Relations Thank you. Hello, everyone. Thank you. GreenTree s earnings release was distributed earlier today and is available on our IR website at ir.998.com, as well as on PR Newswire services. As a reminder, we also posted a PowerPoint presentation that accompanies our comments to the same IR website. On the call from GreenTree are Mr. Alex Xu, chairman and chief executive officer; Ms. Selina Yang, chief financial officer; and Mr.

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