Implementing the Core Strategy of “Single Brand, Multi-Categories, Diversified Channels” | Excelling Through Professionalism, Strengthening Strategic Foundations

FINANCIAL HIGHLIGHTS

• In the first half of the year, the Group recorded the following operating results:

- Revenue rose by 3.3% to RMB14,817 million; gross profit margin declined by 0.4 percentage points to 50%

- Net operating cash inflow was RMB2,411 million

- Net profit attributable to equity holders was RMB1,737 million with net profit margin of 11.7%, and EBITDA margin was 23.7%

• Working capital remained at a healthy level:

- The percentage of gross average working capital to revenue was 7.3%

- The cash conversion cycle was flat at 31 days compared to the same period last year

• The Board resolved to declare an interim dividend of RMB33.59 cents per ordinary share of the Company issued or to be issued upon conversion of convertible securities for the six months ended 30 June 2025.