Rabbit Express: Intends to repurchase Class B shares for no more than 1 billion Hong Kong dollars.

JiTu Express Announcement: The company's board of directors has approved a plan to repurchase up to 10% of the total number of Class B shares issued by exercising the repurchase authority granted by shareholders. The source of funds will be existing cash reserves and operating cash flow, with an estimated amount not exceeding 1 billion Hong Kong dollars. The company believes that the trading price of Class B shares undervalues the group's performance and intrinsic value. In the future, the company will focus on the Southeast Asia and China markets, seize the opportunity of global expansion of e-commerce platforms, continue to reduce costs, strengthen brand building, expand non-platform customers, and improve profitability. The proposed repurchase plan will be decided at the full discretion of the board of directors based on market conditions.