1H 2025 Financial Results Briefing

Good morning, ladies and gentlemen, friends from the media, analysts, bankers, investors, and CDL colleagues. My name is Belinda, and I'm the head of investor relations and corporate communications at CDL. On behalf of the CDL management, thank you so much for joining us today for CDL's briefing on our first half, and ended 30th June 2025, financial results. Now the first half of 2025 was a significant period for our group, but I am so delighted to see everyone here in this room, as well as the hundreds of you joining us virtually online this morning. So for today's briefing in line with CDL's commitment to environmental sustainability, we encourage you to please scan the QR code on the screen earlier so that you can download the documents that were uploaded on SGXNet. So here's the QR code.

For those that are joining online, you can also similarly download those documents which are available on the SGX website as well as our CDL website. Now they include, firstly, a copy of the detailed financial statement. Secondly, a press release summarizing the key highlights of our first half 2025 performance. And thirdly, a presentation deck that the management team will be walking through very shortly. Now, for all our guests joining us virtually, you would similarly be seeing these documents online. I would like to introduce you to the CDL management panel. In the center, we have our executive chairman, Mr. Quack Ling Bing, followed by ex-school members, Mr. Sherman Quack, our group CEO on his right, Mr. Quack Xing, our group COO on his left, And then Mr. Qian Yang Hong, our group general manager, and Ms. Yong-Yin Ming, our group financial, chief financial officer.

Now the format of today's briefing will be in two parts. We will kick off with a presentation of some of the key highlights led by Sherman, then later followed by Yim Ming on the financial highlights. And then we will kick off with the Q&A for an opportunity for us to engage with the panelists. So without further ado, I would just like to invite Sherman to please come forward and then let's kickstart the presentation, thanks. Morning everyone, thank you for taking the time to come attend our briefing for our first half results for 2025 and of course a warm welcome to everyone online as well. I think today a lot of people joining us online so great to see your interest. I will take us through our results along with yearming and subsequently we will open it up for Q&A.