According to the Zhitong Finance APP, Yeahka (09923) released an announcement in the third quarter of 2024, with offline consumption margins improving. Our merchants' demand for increased online exposure and offline traffic continues to rise, leading to a recovery in business growth momentum. During the National Day holiday in October 2024, our daily payment transaction volume also reached a historic high. Overseas, we have strengthened cooperation with card organizations, added multiple major customers in the csi leading consumption and services index sector, and expanded our business coverage in places like japan.

The following is a summary of the business performance in the third quarter of 2024 (unaudited):

Consumer confidence is gradually recovering; payment services are showing orderly growth.

• Total payment transaction volume (GPV) increased by 7.9% compared to the previous quarter, and continued to rise in the second half of the year; (1) the average amount per transaction; (2) the average daily number of transactions; and (3) the peak average daily number of transactions all continued to increase.

• The national business footprint is expanding, especially in lower-tier cities; the number of partners of software as a service (saas) providers increased by 12.6% compared to the previous period, providing new growth opportunities for one-stop payment services in the second half of the year.

The in-store e-commerce business continues to confirm high-quality growth and profitability.

The number of merchants we cooperate with increased to 19,478 in the third quarter of 2024, a quarter-on-quarter growth of 7.8%.

Merchant stickiness and willingness to pay continue to increase, with the proportion of upfront costs increasing quarter-on-quarter, further improving the sustainability of higher-quality profitability.

In the third quarter of 2024, the average revenue and profit contribution per merchant, as well as our per capita revenue and profit, all recorded quarter-on-quarter growth.

Smooth expansion of overseas business into new markets, channels, and vertical coverage.

Our overseas business's GPV maintained strong momentum, with a nearly 50% year-on-year growth in the third quarter of 2024.

The addition of Visa and Mastercard payment channels further enriches our merchant client portfolio, including autos dealerships, entertainment venues, and one-stop self-service payment providers.

At the same time, our subsidiary yeahka has expanded its service scope, providing services to Starbucks outlets operated by Mayse Heart in the Southeast Asian market; including brands like KOI and Mr.Coconut in our client base; entering the Japanese market to serve Levi’s; and extending services to brands in Australia, New Zealand, and south korea;

In the second half of the year, we will continue to explore new markets to further solidify our position as a global leader in empowering local digital businesses.