Cross-border communication: It is expected that the net profit will be a loss of 390 million to 490 million yuan in 2025.

Cross-border announcement, it is expected that the company's net profit for the year 2025 will be a loss of 390 million to 490 million yuan. The expected operating income is 5.2 billion to 5.6 billion yuan. At the end of this reporting period, the company hired an evaluation agency to conduct a preliminary evaluation and calculation of the goodwill formed by the company's acquisition of Shanghai Youyi E-commerce Co., Ltd. It is estimated that there is a risk of impairment of goodwill in Shanghai Youyi, and the company will make provision for impairment of goodwill in accordance with the relevant provisions of the Enterprise Accounting Standards.