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(Interpreted) Good morning, welcome to Li Ning Company Limited 2019 annual results announcement. So, now I will pass the meeting to our speakers.
(Interpreted) Good morning. Welcome to Li Ning Company Limited's 2019 annual results announcement. Today's meeting will be conducted on the phone and also via webcast. You may be able to view the presentation on the webcast and download the materials. This afternoon the materials will be uploaded to our IR section of the website. This meeting will be conducted in Mandarin and, through the Chinese conference call and also webcast, you may be able to listen to the presentation.
Let me introduce the Company representatives: Mr. Li Ning, Executive Chairman and Interim CEO; Mr. Kosaka Takeshi, Joint CEO; Mr. Terence Wah-Fung Tsang, CFO. Mr. Tsang, CFO, will go through financial performance and then Mr. Li Ning will go through a business review. And then after that, Mr. Takeshi is going to go through the Group's strategic plan. After that a Q&A session. Now
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