Make a friend holding: The total amount of commodity transactions completed in the fourth quarter was approximately 6.49 billion yuan, an increase of about 4.34% year-on-year.

Friend Holdings Announcement: In the fourth quarter of 2025, the company completed a total merchandise trading volume of approximately 6.49 billion yuan, an increase of about 4.34% compared to the same period in 2024. The cumulative GMV completed in 2025 is approximately 16.02 billion yuan, an increase of about 6.23% compared to the same period in 2024.