Puer Lan Cang Ancient Tea Co., Ltd. (Lancang Ancient Tea) released its interim report on June 30, 2024, showing that the company's revenue was RMB 195.1 million, a 15.9% decrease from the same period in 2023, with a gross profit of RMB 124.7 million, a 10.8% decrease. The profit attributable to the owners of the company was RMB 5.1 million, a 79.1% decrease, with basic and diluted earnings per share of RMB 0.06. During the reporting period, the company did not declare any interim dividends. Lancang Ancient Tea stated that the decrease in revenue was mainly due to a decrease in offline store purchases, and actively developing online e-commerce and sales to large customers. In addition, on August 7, 2024, the company held a shareholder meeting, approving a resolution to change the use of part of the proceeds from the listing, investing some of the raised funds in the Shanshui Ancient Fermentation and production capacity expansion projects. The company's board of directors and audit committee have reviewed the unaudited interim performance and confirmed compliance with applicable accounting standards.

Puer Lan Cang Ancient Tea Co., Ltd. (Lancang Ancient Tea) released its interim report on June 30, 2024, showing that the company's revenue was RMB 195.1 million, a 15.9% decrease from the same period in 2023, with a gross profit of RMB 124.7 million, a 10.8% decrease. The profit attributable to the owners of the company was RMB 5.1 million, a 79.1% decrease, with basic and diluted earnings per share of RMB 0.06. During the reporting period, the company did not declare any interim dividends. Lancang Ancient Tea stated that the decrease in revenue was mainly due to a decrease in offline store purchases, and actively developing online e-commerce and sales to large customers. In addition, on August 7, 2024, the company held a shareholder meeting, approving a resolution to change the use of part of the proceeds from the listing, investing some of the raised funds in the Shanshui Ancient Fermentation and production capacity expansion projects. The company's board of directors and audit committee have reviewed the unaudited interim performance and confirmed compliance with applicable accounting standards.