ZKH Group Limited Announces Third Quarter 2025 Unaudited Financial Results

ZKH Group Limited (“ZKH” or the “Company”) (NYSE: ZKH), aleading maintenance, repair and operations (“MRO”) procurement service platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2025.

Third Quarter 2025 Operational and Financial Highlights

in thousand RMB, except for number of Third Quartercustomers, percentage and basis points (“bps”) 2024 2025 ChangeGMV[1] 2,685,996 2,622,901 -2.3%GMV by PlatformZKH Platform 2,422,649 2,354,585 -2.8%GBB Platform 263,347 268,316 1.9%GMV by Business ModelProduct Sales (1P) 2,228,234 2,294,239 3.0%Marketplace (3P)[2] 457,762 328,662 -28.2%Number of Customers[3] 47,800 70,800 48.0%Net Revenues 2,280,690 2,328,354 2.1%Gross Profit 388,406 390,177 0.5%% of Net Revenues 17.0% 16.8% -27.3bpsOperating Loss (105,355) (32,338) -69.3%% of Net Revenues -4.6% -1.4% 323.1bpsNon-GAAP EBITDA[4] (62,812) (8,450) -86.5%% of Net Revenues -2.8% -0.4% 239.1bpsNet Loss (81,751) (24,307) -70.3%% of Net Revenues -3.6% -1.0% 254.1bpsNon-GAAP Adjusted Net Loss[5] (66,178) (14,074) -78.7%% of Net Revenues -2.9% -0.6% 229.7bps

Mr. Eric Long Chen, Chairman and Chief Executive Officer ofZKH, stated, “In the third quarter, we drove strengthening momentum in our business. Our GMV and revenues returned to approximately prior-year levels, while higher-margin private-label GMV grew in the mid-teens year over year, further enhancing our profit mix. We expanded our customer base across both large corporations and SME customers, reflecting deeper customer penetration and share gains. This broader and diversified customer base, underpinned by strengthened partnerships with leading suppliers that enhance our SKU assortment, supply reliability, and pricing competitiveness, provides a solid foundation for future growth. We also further embedded AI and data capabilities across various aspects of operations to lift efficiency and control costs, enhancing operating margins. Looking ahead, we will remain committed to advancing our AI development and application, further scale our overseas business, and stay focused on growth to compound long-term value for our shareholders.”

Mr. Max Chun Chiu Lai, Chief Financial Officer of ZKH, added, “We delivered a resilient financial performance in the third quarter, bringing revenue back to a growth trajectory and maintaining efficiency gains that underpin our path to profitability. Disciplined execution drove meaningful margin improvement, with operating loss margin and net loss margin narrowing by 323.1 bps and 254.1 bps, respectively. Supported by a robust RMB105.5 million of operating cash inflow this quarter, we are well-positioned to fund our strategic priorities while optimizing our revenue mix and operating efficiency to deliver quality growth in the quarters ahead.”

[1] GMV is the total transaction value of orders placed on the Company's platform and shipped to customers, excluding taxes, net of the returned amount.[2]The proportion of GMV generated by the marketplace model was 17.0% and 12.5% for the third quarter of 2024 and 2025, respectively.[3]Customers are customers that transacted with the Company during the reporting period, mainly comprised of enterprise customers in various industries. The total number of customers is rounded to the nearest hundred.[4]Non-GAAP EBITDA is defined as net loss before interest expenses, income tax expenses/(benefits) and depreciation and amortization expenses.[5] Non-GAAP adjusted net loss is defined as net loss excluding share-based compensation expenses.

Third Quarter 2025 Business Highlights

— Business Momentum. The Company's business entered a clear recovery trajectory in the third quarter, following nearly four quarters of strategic optimization. GMV increased across both large corporations and SME customers. Although GMV from central SOE customers still declined modestly year over year, it recorded two consecutive quarters of double-digit sequential growth.

— Product Capabilities. The Company added more than 2.3 million sellable SKUs during the quarter, bringing the total to over 19 million. This expansion was complemented by an advancement in profitability mix, driven by approximately 16.7% year-over-year growth in higher-margin private-label product GMV, which now accounts for approximately 8.2% of total GMV. The Company newly launched more than 600 private-label products during the quarter.

— Fulfillment Network. As part of ongoing efforts to optimize warehousing network and enhance operating efficiency, the Company completed the consolidation of the Wuxi (æ-é”i) and Shanghai (äSæu-) central warehouses, which is expected to generate annualized savings in rent, inventory, and freight. In the third quarter, the through-warehouse fulfillment fee declined by about 13% year over year, marking the seventh consecutive quarter of year-over-year improvement.

— AI Capabilities. The Company leveraged AI capabilities across various aspects of operations, including material standardization and management, product recommendations, sales conversion, data governance, and process automation. One of the key outcomes of this strategy was the ProductRecom Agent (AIæå”ånè”'), which has generated over RMB100 million in incremental revenue from launch in the fourth quarter of 2024through the end of September 2025 by recommending more than 20 million material line items.

— International Expansion. The Company broadened its U.S. distribution channels beyond the independent Northsky site to include platforms such as Amazon.

Third Quarter 2025 Financial Results

Net Revenues. Net revenues were RMB2,328.4 million (US$327.1 million), representing an increase of 2.1% from RMB2,280.7 million in the same period of 2024.

in thousand RMB, except for percentage Third Quarter 2024 2025 ChangeNet Revenues 2,280,690 2,328,354 2.1%Net Product Revenues 2,207,277 2,274,027 3.0%From ZKH Platform 1,943,742 2,012,358 3.5%From GBB Platform 263,535 261,669 -0.7%Net Service Revenues 57,666 42,963 -25.5%Other Revenues 15,747 11,364 -27.8%

Cost of Revenues.Cost of revenues was RMB1,938.2 million (US$272.3 million), representing an increase of 2.4% from RMB1,892.3 million in the same period of 2024. The increase was outpaced by the growth in product revenues, mainly due to the effectiveness of the Company's initiatives to reduce overall product procurement costs.

Gross Profit and Gross Margin.Gross profitwas RMB390.2 million (US$54.8 million), representing an increase of 0.5% from RMB388.4 million in the same period of 2024. Gross margin was 16.8%, compared with 17.0% in the same period of 2024. The decrease was mainly due to lower revenue contribution from the marketplace model, which yields a 100% gross margin under the net revenue recognition basis. Nevertheless, gross profit as a percentage of GMV was 14.9%, compared with 14.5% in the same period of 2024.Both the gross margin of the product sales model and the take rate of the marketplace model increased, driven by optimized procurement costs and a higher proportion of GMV from higher-margin private label products.

in thousand RMB, except for percentage and Third Quarterbasis points (“bps”) 2024 2025 ChangeGross Profit 388,406 390,177 0.5%% of Net Revenues 17.0% 16.8% -27.3bps% of GMV 14.5% 14.9% 41.5bpsUnder Product Sales (1P)ZKH Platform 311,947 325,209 4.3%% of Net Product Revenues from ZKH Platform 16.0% 16.2% 11.2bpsGBB Platform 14,522 20,276 39.6%% of Net Product Revenues from GBB Platform 5.5% 7.7% 223.8bpsUnder Marketplace (3P) 57,666 42,963 -25.5%% of Net Service Revenues 100.0% 100.0% -% of GMV from the Marketplace Model (Take Rate[6]) 12.6% 13.1% 47.5bpsOthers 4,271 1,729 -59.5%% of Other Revenues 27.1% 15.2% -1,190.8bps

Operating Expenses.Operating expenses were RMB422.5 million (US$59.4 million), a decrease of 14.4% from RMB493.8 million in the same period of 2024. Operating expenses as a percentage of net revenues were 18.1%, compared with 21.6% in the same period of 2024.

— Fulfillment Expenses. Fulfillment expenses were RMB90.4 million (US$12.7 million), a decrease of 9.8% from RMB100.2 million in the same period of 2024. The decrease was primarily attributable to lower employee benefit expenses and warehouse rental costs. Fulfillment expenses as a percentage of net revenues were 3.9%, compared with 4.4% in the same period of 2024.

— Sales and Marketing Expenses. Sales and marketing expenses were RMB145.9 million (US$20.5 million), a decrease of 13.2% from RMB168.2 million in the same period of 2024. The decrease was primarily attributable to lower employee benefit expenses and travel expenses. Sales and marketing expenses as a percentage of net revenues were 6.3%, compared with 7.4% in the same period of 2024.

— Research and Development Expenses. Research and development expenses were RMB40.3 million (US$5.7 million), a decrease of 19.0% from RMB49.8 million in the same period of 2024. The decrease was primarily attributable to lower employee benefit expenses. Research and development expenses as a percentage of net revenues were 1.7%, compared with 2.2% in the same period of 2024.

— General and Administrative Expenses. General and administrative expenses were RMB145.8 million (US$20.5 million), a decrease of 17.0% from RMB175.6 million in the same period of 2024. The decrease was primarily attributable to lower employee benefit expenses, share-based compensation expenses and credit loss allowances. General and administrative expenses as a percentage of net revenues were 6.3%, compared with 7.7% in the same period of 2024.

Loss from Operations. Loss from operations was RMB32.3 million (US$4.5million), compared with RMB105.4 million in the same period of 2024. Operating loss margin was 1.4%, compared with 4.6% in the same period of 2024.

Non-GAAP EBITDA. Non-GAAP EBITDA was negative RMB8.5 million (US$1.2 million), compared with negative RMB62.8 million in the same period of 2024.Non-GAAP EBITDA margin was negative 0.4%, compared with negative 2.8% in the same period of 2024.

Net Loss. Net loss was RMB24.3 million (US$3.4million), compared with RMB81.8 million in the same period of 2024. Net loss margin was 1.0%, compared with 3.6% in the same period of 2024.

Non-GAAP Adjusted Net Loss.Non-GAAP adjusted net loss was RMB14.1 million (US$2.0million), compared with RMB66.2 million in the same period of 2024. Non-GAAP adjusted net loss margin was 0.6%, compared with 2.9% in the same period of 2024.

Basic and Diluted Net Loss per ADS[7] and Non-GAAP Adjusted Basic and Diluted Net Loss per ADS[8].Basic and diluted net loss per ADS were RMB0.15 (US$0.02), compared with RMB0.50 in the same period of 2024. Non-GAAP adjusted basic and diluted net loss per ADS were RMB0.09 (US$0.01), compared with RMB0.40 in the same period of 2024.

[6] Take rate of the marketplace model represents gross profit from the marketplace model divided by GMV from the marketplace model.[7]ADSs are American depositary shares, each of which represents thirty-five (35) Class A ordinary shares of the Company.[8] Non-GAAP adjusted basic and diluted net loss per ADS is a non-GAAP financial measure, which is calculated by dividing non-GAAP adjusted net loss attributable to the Company's ordinary shareholders by the weighted average number of ADSs.

Balance Sheet and Cash Flow

As of September 30, 2025, the Company had cash and cash equivalents, restricted cash and short-term investments of RMB1.90 billion (US$267.2 million), compared with RMB2.06 billion as of December 31, 2024.

Net cash generated from operating activities was RMB105.5 million (US$14.8 million) in the third quarter of 2025, compared with net cash generated from operating activities of RMB160.5 million in the same period of 2024.

Share Repurchase Update

Pursuant to the Company's share repurchase program of up to US$50 million adopted on June 13, 2025 and effective through June 13, 2026, the Company had repurchased an aggregate of approximately 0.63 million ADSs for approximately US$1.92million from the open market as of October 31, 2025.

Exchange Rate

This announcement contains translations of certain Renminbi (“RMB”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ were made at a rate of RMB7.1190 to US$1.00, the exchange rate in effect as of September 30, 2025, as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System. The Company makes no representation that any RMB or US$ amounts could have been, or could be, converted into US$ or RMB, as the case may be, at any particular rate, or at all.

Conference Call Information

The Company's management will hold a conference call on Thursday, November 20, 2025, at 7:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing Time to discuss its financial results and operating performance for the third quarter of 2025.

United States (toll free): +1-888-317-6003International: +1-412-317-6061Mainland China (toll free): 400-120-6115Hong Kong (toll free): 800-963-976Hong Kong: +852-5808-1995Access Code: 1976591

The replay will be accessible through November 27, 2025 by dialing the following numbers:

United States: +1-855-669-9658International: +1-412-317-0088Replay Access Code: 9206894

A live and archived webcast of the conference call will also be available on the Company's investor relations website at https://ir.zkh.com.

About ZKH Group Limited

ZKH Group Limited (NYSE: ZKH) is a leading MRO procurement service platform in China, underpinned by robust supply chain capabilities and dedicated to serving customers globally through a product-led, agentic AI-driven approach. Through its primary online platforms, the ZKH platform, the GBB platform and the Northsky platform, along with innovative technology and extensive industry expertise, the Company provides bespoke MRO procurement solutions to a diverse and loyal customer base. These solutions encompass hyper-personalized product curation from a comprehensive selection of quality products at competitive prices. Additionally, the Company ensures timely and reliable product delivery through professional fulfillment services. By focusing on reducing procurement costs and addressing management efficiency challenges, ZKH is transforming the opaque MRO procurement process and empowering all stakeholders across the value chain.

For more information, please visit: https://ir.zkh.com.

Use of Non-GAAP Financial Measures

This press release contains the following non-GAAP financial measures: non-GAAP adjusted net loss, non-GAAP adjusted net loss per ADS, basic and diluted, and non-GAAP EBITDA. The non-GAAP financial measures should not be considered in isolation from or construed as alternatives to their most directly comparable financial measures prepared in accordance with accounting principles generally accepted in the United States of America. Investors are encouraged to review the historical non-GAAP financial measures in reconciliation to their most directly comparable GAAP financial measures.

The Company defines non-GAAP adjusted net loss for a specific period as net loss in the same period excluding share-based compensation expenses. The Company defines non-GAAP EBITDA as net loss before interest expenses, income tax expenses/(benefits) and depreciation and amortization expenses. Non-GAAP adjusted net loss per ADS is calculated by dividing adjusted net loss attributable to the Company's ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods and then multiplied by 35.

The Company presents these non-GAAP financial measures because they are used by the management to evaluate the Company's operating performance and formulate business plans. The Company believes that these non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that are included in net loss and certain expenses that are not expected to result in future cash payments or that are non-recurring in nature. The Company also believes that the use of these non-GAAP financial measures facilitates investors' assessment of its operating performance, enhances the overall understanding of its past performance and future prospects and allows for greater visibility with respect to key metrics used by the management in financial and operational decision making.

The non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies. The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations. They may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider the non-GAAP financial measures as substitutes for, or superior to, their most directly comparable financial measures prepared in accordance with GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of Non-GAAP Results” set forth at the end of this press release.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aim,” “estimates,” “intends,” “plans,” “believes,” “is/are likely to,” “potential,” “continue,” and similar statements. Among other things, the quotations from management in this press release and ZKH's strategic and operational plans contain forward-looking statements. ZKH may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press release and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ZKH's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ZKH's mission, goals and strategies; ZKH's future business development, financial condition and results of operations; the expected changes in its revenues, expenses or expenditures; the expected growth of the MRO procurement service industry in China and globally; changes in customer or product mix; ZKH's expectations regarding the prospects of its business model and the demand for and market acceptance of its products and services; ZKH's expectations regarding its relationships with customers, suppliers, and service providers on its platform; competition in the Company's industry; government policies and regulations relating to ZKH's industry; general economic and business conditions in China and globally; the outcome of any current and future legal or administrative proceedings; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ZKH's filings with the SEC. All information provided herein is as of the date of this announcement, and ZKH undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

ZKH Group Limited IR Department E-mail: IR@zkh.com

Piacente Financial Communications Jenny Cai Tel: +86-10-6508-0677 E-mail: zkh@thepiacentegroup.com

In the United States:

Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 E-mail: zkh@thepiacentegroup.com

ZKH GROUP LIMITEDUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All amounts in thousands, except share, ADS, per share and per ADS data) As of As of September 30, December 31, 2024 2025 RMB RMB US$AssetsCurrent assets:Cash and cash equivalents 1,423,943 905,814 127,239Restricted cash 92,939 79,362 11,148Short-term investments 543,978 917,002 128,811Accounts receivable (net of allowance 3,090,323 2,993,104 420,439for credit losses of RMB145,789 andRMB162,420 as of December 31,2024 and September 30, 2025,respectively)Notes receivable 234,213 188,424 26,468Inventories 625,390 738,363 103,717Prepayments and other current assets 179,387 174,762 24,549Total current assets 6,190,173 5,996,831 842,371Non-current assets:Property and equipment, net 183,572 187,929 26,398Land use right 10,808 10,639 1,494Operating lease right-of-use assets, net 179,945 143,230 20,119Intangible assets, net 15,931 17,246 2,423Goodwill 30,807 30,807 4,327Total non-current assets 421,063 389,851 54,761Total assets 6,611,236 6,386,682 897,132LiabilitiesCurrent liabilities:Short-term borrowings 311,000 300,000 42,141Current portion of long-term borrowings 997 2,305 324Accounts and notes payable 2,553,396 2,514,533 353,214Operating lease liabilities 81,379 42,338 5,947Advance from customers 27,433 31,223 4,386Accrued expenses and other current 365,333 350,623 49,252liabilitiesDerivatives – 5,565 782Total current liabilities 3,339,538 3,246,587 456,046Non-current liabilities:Long-term borrowings 38,887 43,803 6,153Non-current operating lease liabilities 109,096 108,623 15,258Other non-current liabilities 25,224 30,342 4,262Total non-current liabilities 173,207 182,768 25,673Total liabilities 3,512,745 3,429,355 481,719ZKH Group Limited shareholders' equity:Ordinary shares (USD0.0000001 par value; 4 4 1500,000,000,000 and 500,000,000,000shares authorized; 5,658,952,794 and5,679,694,214 shares issued andoutstanding as of December 31, 2024 andSeptember 30, 2025, respectively)Additional paid-in capital 8,305,304 8,359,497 1,174,252Statutory reserves 6,303 6,303 885Accumulated other comprehensive 4,764 (17,012) (2,390)income/(loss)Accumulated deficit (5,177,126) (5,321,665) (747,530)Treasury stock (40,758) (69,800) (9,805)Total ZKH Group Limited shareholders' 3,098,491 2,957,327 415,413equityTotal liabilities and shareholders' deficit 6,611,236 6,386,682 897,132ZKH GROUP LIMITEDUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF LOSS(All amounts in thousands, except share, ADS, per share and per ADS data) For the three months ended For the nine months ended September 30, September 30, 2025 September 30, September 30, 2025 2024 2024 RMB RMB US$ RMB RMB US$Net revenuesNet product revenues 2,207,277 2,274,027 319,431 6,146,017 6,272,857 881,143Net service revenues 57,666 42,963 6,035 193,481 121,564 17,076Other revenues 15,747 11,364 1,596 51,597 36,079 5,068Total net revenues 2,280,690 2,328,354 327,062 6,391,095 6,430,500 903,287Cost of revenues (1,892,284) (1,938,177) (272,254) (5,285,622) (5,351,218) (751,681)Operating expensesFulfillment (100,176) (90,408) (12,700) (296,621) (274,526) (38,562)Sales and marketing (168,161) (145,923) (20,498) (489,963) (432,088) (60,695)Research and development (49,785) (40,339) (5,666) (128,052) (121,423) (17,056)General and administrative (175,639) (145,845) (20,487) (497,019) (436,353) (61,294)Loss from operations (105,355) (32,338) (4,543) (306,182) (185,108) (26,001)Interest and investment income 17,279 12,822 1,801 49,779 38,688 5,434Interest expense (4,967) (3,346) (470) (16,184) (8,733) (1,227)Others, net 11,883 (1,438) (202) 34,391 10,816 1,519Loss before income tax (81,160) (24,300) (3,414) (238,196) (144,337) (20,275)Income tax expenses (591) (7) (1) (745) (202) (28)Net loss (81,751) (24,307) (3,415) (238,941) (144,539) (20,303)Less: net income attributable to non- – – – – – -controlling interestsLess: net loss attributable to redeemable – – – – – -non-controlling interestsNet loss attributable to ZKH Group (81,751) (24,307) (3,415) (238,941) (144,539) (20,303)LimitedAccretion on preferred shares to – – – – – -redemption valueNet loss attributable to ZKH Group (81,751) (24,307) (3,415) (238,941) (144,539) (20,303)Limited's ordinary shareholdersNet loss (81,751) (24,307) (3,415) (238,941) (144,539) (20,303)Other comprehensive loss:Foreign currency translation adjustments 34,122 (14,192) (1,994) 21,651 (21,776) (3,059)Total comprehensive loss (47,629) (38,499) (5,409) (217,290) (166,315) (23,362)Less: comprehensive income attributable – – – – – -to non-controlling interestsLess: comprehensive loss attributable to – – – – – -redeemable non-controlling interestsComprehensive loss attributable (47,629) (38,499) (5,409) (217,290) (166,315) (23,362)to ZKH Group LimitedAccretion on Preferred Shares to – – – – – -redemption valueTotal comprehensive loss (47,629) (38,499) (5,409) (217,290) (166,315) (23,362)attributable to ZKH Group Limited'sordinary shareholdersNet loss per ordinary share attributableto ordinary shareholdersBasic and diluted (0.01) (0.00) (0.00) (0.04) (0.03) (0.00)Weighted average number of sharesBasic and diluted 5,743,094,981 5,667,874,386 5,667,874,386 5,744,351,364 5,680,656,034 5,680,656,034Net loss per ADS attributable toordinary shareholdersBasic and diluted (0.50) (0.15) (0.02) (1.46) (0.89) (0.13)Weighted average number of ADS (35Class A ordinary shares equal to 1ADS)Basic and diluted 164,088,428 161,939,268 161,939,268 164,124,325 162,304,458 162,304,458ZKH GROUP LIMITEDRECONCILIATIONS OF GAAP AND NON-GAAP RESULTS(All amounts in thousands, except share, ADS, per share and per ADS data) For the three months ended For the nine months ended September 30, September 30, 2025 September 30, September 30, 2025 2024 2024 RMB RMB US$ RMB RMB US$Net loss (81,751) (24,307) (3,415) (238,941) (144,539) (20,303)Income tax expenses 591 7 1 745 202 28Interest expenses 4,967 3,346 470 16,184 8,733 1,227Depreciation and amortization expense 13,381 12,504 1,756 42,084 36,532 5,132Non-GAAP EBITDA (62,812) (8,450) (1,188) (179,928) (99,072) (13,916) For the three months ended For the nine months ended September 30, September 30, 2025 September 30, September 30, 2025 2024 2024 RMB RMB US$ RMB RMB US$Net loss (81,751) (24,307) (3,415) (238,941) (144,539) (20,303)Add:Share-based compensation expenses 15,573 10,233 1,437 94,447 43,756 6,146Non-GAAP adjusted net loss (66,178) (14,074) (1,977) (144,494) (100,783) (14,157)Non-GAAP adjusted net lossattributable to ordinaryshareholders per shareBasic and diluted (0.01) (0.00) (0.00) (0.03) (0.02) (0.00)Weighted average number of ordinarysharesBasic and diluted 5,743,094,981 5,667,874,386 5,667,874,386 5,744,351,364 5,680,656,034 5,680,656,034Non-GAAP adjusted net lossattributable to ordinaryshareholders per ADSBasic and diluted (0.40) (0.09) (0.01) (0.88) (0.62) (0.09)Weighted average number of ADS (35Class A ordinary shares equal to 1ADS)Basic and diluted 164,088,428 161,939,268 161,939,268 164,124,325 162,304,458 162,304,458

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