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ADDED NEWS ER

Positive
Customer base grew 16.9% YoY to 47,876
Gross margin improved by 72.1 basis points to 17.0%
Net loss reduced by 16.3% to RMB81.8 million
Generated positive operating cash flow of RMB160.5 million vs negative in prior year
Net revenues increased 0.7% to RMB2,280.7 million

Negative
GMV declined 7.2% YoY to RMB2,686 million
Marketplace (3P) GMV decreased 35.8% YoY
Operating loss of RMB105.4 million despite improvement
Net service revenues decreased 27.8% YoY
General and administrative expenses increased 16.6% YoY
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