Mankalon: Please stay tuned for the company's subsequent disclosure of the 2025 annual report for the specific number of new stores added in 2025.

Securities Daily Online News: On February 12, Mankalon responded to investor questions on the interactive platform, stating that the specific number of new stores in 2025 will be disclosed in the company’s upcoming 2025 annual report. In 2026, the company will continue to adhere to the strategy of opening directly operated stores in key core cities and commercial districts within China, while opening franchise stores in other regions, continuously advancing the nationwide brand store layout.

(Editor: Chu Lijun)

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