According to the Zhitong Finance App, Babytree Group (01761) announced that the group is mainly engaged in providing a mother and child community platform in China and is committed to connecting and serving young families. From the suspension of trading in corporate securities until the date of this announcement, the Group's business operations have continued as usual in all significant aspects, and the financial situation and business operations will continue to be monitored. Furthermore, taking into account the recent macroeconomic environment and optimizing the cost structure and improving operating efficiency, the Group has recently implemented a series of cost reduction measures, including but not limited to reducing personnel costs and streamlining low-profit or unprofitable business lines.

As of the date of this announcement, an independent investigation is ongoing, and independent investigators are still determining the estimated time for completion of the independent investigation. The company is working closely with independent investigators to closely monitor the progress of the independent investigation, and will continue to provide the independent investigators with all necessary information and assistance to facilitate the independent investigation. In view of the above situation, the announcement stated that the expected publication date of the 2022 annual report needs to be further determined with the Independent Investigation Commission.

Furthermore, trading continues to be suspended.