Laiyi: It is expected to have a revenue loss of 170 million yuan in 2025, with the loss expanding year-on-year.

Laiyifen Announcement: According to preliminary calculations, the company expects the net profit attributable to the shareholders of the listed company to be approximately -170 million yuan for the period from January 1 to December 31, 2025, and the non-recurring net profit is expected to be approximately -190 million yuan. In the same period last year, the net profit attributable to the shareholders of the listed company was -75.26 million yuan, and the non-recurring net profit was -90.02 million yuan. The main reason for the expected loss in performance is the company's adjustment of the store types and structures in some regions, leading to a year-on-year decrease in the total number of stores and gross profit margin; non-recurring gains and losses are expected to affect the net profit by approximately 20 million yuan.