Joyoung announced that the number of repurchased shares to be canceled this time is 4 million shares, accounting for 0.52% of the total share capital before the cancellation of the repurchased shares. The actual amount for the repurchase cancellation is RMB 68.0269 million. After the cancellation is completed, the company's total share capital will change from 767 million shares to 763 million shares. The company will complete the cancellation procedures for the above 4 million repurchased shares at China Securities Depository and Clearing Corporation on July 25, 2025