Anne: It is expected that the net profit will be a loss of 90-140 million yuan in 2025.

Announcement from Annaer: It is expected that the net profit for the fiscal year 2025 will be a loss of 90-140 million yuan, compared to a loss of 115 million yuan for the same period last year. The main reasons are changes in consumer environment, closing of loss-making stores, adjustments to sales channel structure, and accelerated turnover of old goods, leading to a year-on-year decrease in the company's operating income and gross profit margin.