Pinduoduo Chen Lei: Uncertainties exist in global business.

During the financial report conference call tonight, Chen Lei, Chairman and Co-CEO of Pinduoduo Group, stated that Pinduoduo has been advancing compliance work for its global business and actively collaborating with external stakeholders. However, regulatory policies in various countries and regions are still undergoing significant changes. As a young global company, it is necessary to acknowledge that this process involves significant uncertainty, which may expose the company to unpredictable and difficult-to-calculate risks, potentially affecting short-term and long-term financial performance.