For the reporting period ended 30 June 2025, the Group generated revenue primarily from branding services, online media advertising services, event execution and production services, and advertisement placement services (including rebates from Media Partners). Total revenue increased compared to the previous period. Gross profit increased from RMB75.0 million for the six months ended 30 June 2024 to RMB108.0 million for the reporting period. Gross profit margin rose from 60.8% to 69.5%, mainly due to the online media advertising services and advertisement placement services, with revenue recognized on a net basis and significant revenue growth. Cost of services decreased from RMB48.3 million for the six months ended 30 June 2024 to RMB47.4 million for the reporting period, mainly attributable to the reduction in certain cost items. Other income and gains, net decreased from RMB1.2 million for the six months ended 30 June 2024 to RMB0.4 million for the reporting period. This decrease was primarily due to lower interest income and foreign exchange gains and the absence of government subsidies during the reporting period. The Group issued 125 million shares in the Global Offering at an offer price of HK$1.04 per share, with net proceeds received after deducting underwriting fees and related expenses. As of 30 June 2025, the Group did not have significant contingent liabilities. The Group financed its capital expenditure mainly through internal resources and bank borrowings. During the reporting period, no material acquisitions, disposals or material investments were made.