Glacier Network: Estimated net loss of 9.5 million to 13.5 million yuan in the first quarter of 2026.

Glacier Network Announcement: It is expected that the net loss attributable to shareholders of the listed company in the first quarter of 2026 will be between 9.5 million and 13.5 million yuan, while the net profit in the same period last year was 189 million yuan. The net loss after deducting non-recurring gains and losses is expected to be between 29 million and 33.5 million yuan, compared to a net profit of 186 million yuan in the same period last year. During the reporting period, based on the previous game product testing data, the company continued to carry out large-scale market promotion for the new SLG product "X-Clash", leading to a significant increase in sales expenses.