Wanchen Group: Community retail space is broad; the company is piloting new store formats in some regions.

Wanchen Group stated at a conference call on October 28 that community retail offers broad space, and the company's trial of new store formats in some regions is a preliminary exploratory attempt that, while focusing on its core business, combines the company's existing core capabilities, supply chain efficiency, and the universal applicability of the hard-discount logic. Before the single-store model is fully proven, the company will not set aggressive targets or engage in blind replication and expansion, and will invest only limited resources and effort, always keeping the healthy development of its core business at the center.