The total operating expenses were RMB 1.3 billion, down 3% sequentially. Benefited from our disciplined expense management.

Nov 18, 2025 / receipt, needs a key / Jun Wang, CFO | earnings call 2025-11-18 | transcript 8bba9f9b-f651-4cde-befc-c2e693d27b77 | chars 21151-21274 | segment 21

From financial perspective, what is current situation of the overseas business in terms of revenue and profit contribution and How shall we expect from the overseas business in the next one to three years? 海外业务是2019年下半年开始做体了, 但是很不幸,因为疫情三年, 然后各种插口,各种人不太方便, 导致前三年发展比较慢。 We started our overseas business in second half of 2019. And after that, we experienced three years of COVID. So there were some difficulties in terms of getting accounts and also travel plans between mainland China and overseas. So the developments were actually quite slower than expectations. After COVID, in the recent two years, the business has been going through a very rapid development phase.

May 21, 2025 / receipt, needs a key / Jun, CFO | earnings call 2025-05-21 | transcript 3cb2c025-d5bc-424b-8626-d2e4574a7235 | chars 32266-32935 | segment 32

The surge in travel and offline entertainment during the very first Chinese New Year holiday of this year post-COVID also partially dilutes the online activities.

May 16, 2024 / receipt, needs a key / Mr. Gong, CEO | earnings call 2024-05-16 | transcript 3ee2fd44-a712-44e0-8ca9-54f6210e5ae7 | chars 5003-5165 | segment 5