BAIRONG-W (06608) announced that the Group expects to record an unaudited net profit of approximately RMB 66.5 million to RMB 79.8 million for the year ending December 31, 2025. This represents a decrease of approximately 70% to 75% compared to the net profit for the year ended December 31, 2024, which was approximately RMB 266 million. The primary reasons for this decline are twofold: Firstly, the Group significantly increased its investment in the artificial intelligence (AI) sector during 2025 to adapt to the rapid advancements in AI technology. This included a focus on recruiting AI talent to strengthen the talent foundation and enhance core AI competitiveness, alongside rising costs for data algorithms and increased expenses related to investments in IDC facilities, among other associated costs. The Board of Directors is confident that these strategic initiatives will contribute to the Group's long-term sustainable value growth. Secondly, the issuance of Document No. 9 by the National Financial Regulatory Administration in April 2025, titled "Notice on Strengthening the Management of Commercial Banks' Internet-Assisted Lending Business and Enhancing the Quality and Efficiency of Financial Services," prompted some of the Group's cooperative financial institution clients to prudently adjust and delist certain products. This led to a temporary product shortage for the Group's AI silicon-based marketing specialists, necessitating a restructuring of the product supply framework. Consequently, this has significantly impacted the Group's BaaS financial industry cloud revenue.