Gransol announced on November 11th that despite the persistently weak sentiment in the Hong Kong retail trade, the company's Hong Kong e-commerce business achieved encouraging operational performance in October 2024, particularly benefiting from the October Thanksgiving event starting on October 15, 2024:

1. The average daily order total commodity trade volume increased by 4.5%, reaching 23.2 million Hong Kong dollars in October 2024, generating a monthly total commodity trade volume of 0.719 billion Hong Kong dollars; 2. The number of active users of the HKTVmall application increased to approximately 1.67 million per month; and 3. The number of independent customers remained stable at around 606,000.