Tea Baida: It is expected that the net profit will increase by 22.79% to 32.09% year-on-year in 2025.

Chabado announcement: The company expects to achieve an adjusted net profit of approximately RMB 7.92 billion to RMB 8.52 billion for the year 2025, representing an increase of 22.79% to 32.09% compared to the adjusted net profit for the year ended December 31, 2024 of approximately RMB 6.45 billion. The group also expects to achieve a net profit of approximately RMB 7.80 billion to RMB 8.40 billion for the year 2025, representing an increase of 62.50% to 75.00% compared to the net profit for the year 2024 of approximately RMB 4.80 billion.