LINKLOGIS-W(09959): The company will continue to focus on improving operations with a sustained abundance of liquidity in working capital.

LINKLOGIS-W (09959) announces that the Group is expected to incur a comprehensive loss attributable to equity shareholders in the range of RMB 810 million to RMB 840 million for the year ending December 31, 2024, compared to approximately RMB 441 million for the year ending December 31, 2023. The Board believes that the increase in the expected comprehensive loss is mainly due to a significant increase in impairment losses on financial assets recognized under the expected credit loss model, primarily related to the supply chain assets held for bridge purposes on our balance sheet. However, the increase in impairment losses has no significant impact on the Group's cash flow for the year ending December 31, 2024. As of December 31, 2024, the Group's cash reserves (including cash and cash equivalents, as well as restricted cash) amounted to RMB 5.1 billion, an increase of approximately RMB 200 million compared to December 31, 2023, indicating continued ample liquidity. Furthermore, despite the challenging operating environment in 2024, the Board is confident that the Group will be able to gradually improve its financial performance through strategic adjustments and ongoing optimization of core businesses. The Group has also strengthened its credit risk management for bridge supply chain assets and implemented special recovery measures for legacy risk assets. The Board holds a firm belief in the long-term development potential and market opportunities for the Group. The Group will continue to focus on improving operations and achieve sustainable and robust growth in the future.