Joyoung Co. Ltd. Interim Report of the First Quarter 2026 Ticker: 002242 Stock Abbreviation: Joyoung Joyoung Co. Ltd.Interim Report of the First Quarter 2026 The Company and all members of the Board of Directors have guaranteed that the information disclosed is true accurate and complete and contains no false record misleading statements or material omissions.Important notes: Board of Directors all the directors and senior management staff of Joyoung Co. Ltd. (hereinafter referred to as the “Company”) have guaranteed that this Report contains no false record misleading statement or material omission and shall be jointly and severally liable for the factuality accuracy and completeness of the information given in this Report.CEO of the Company CFO of the Company and Chief Accountant of Accounting Institution declared that the quarterly financial statements should be true accurate and complete.In case of any discrepancy the Chinese version of the report shall prevail.Whether the first quarterly report was audited □ Yes √ No 1Joyoung Co. Ltd. Interim Report of the First Quarter 2026 I. Key Accounting Data and Financial Indicators 1. Key Accounting Data and Financial Indicators Whether the Company performed a retroactive adjustment to or restatement of accounting data □Yes ? No From 1 January 2026 to 31 From 1 January 2025 to 31 March 2026 March 2025 YoY Change(%) Operating revenue (RMB) 1811739072.65 1999944950.10 -9.41% Net Profit attributable to shareholders of the Company (RMB) 82848185.00 101488347.36 -18.37% Net profit attributable to shareholders of the Company before non-recurring 81085913.91 106503121.32 -23.87% gains and losses (RMB) Net cash flows from operating activities (RMB) -124513989.16 245581933.84 -150.70% Basic earnings per share (RMB / share) 0.11 0.14 -21.43% Diluted earnings per share (RMB / share) 0.11 0.14 -21.43% Weighted average return on net assets(%) 2.40% 2.87% decreased by 0.47pct. 31 March 2026 31 December 2025 Flux(%) Total assets (RMB) 7430458838.64 7794224747.51 -4.67% Net assets attributable to shareholders of the Company (RMB) 3483567511.63 3433241112.10 1.47% 2. Non-recurring gain and loss items and amounts thereof √ Applicable □Not applicable Unit: RMB From 1 January Item 2026 to 31 March Note 2026 Profit or loss from disposal of non-current assets (including the write off of the provision for impairment of assets) -114722.66 Government grants included in the current profit or loss (except for government grants that are closely related to the Company's normal business operations comply with national policies are enjoyed in accordance with determined standards and have a continuous 6994095.73 impact on the company's profit and loss) Gains or losses from changes in fair value arising from the holding of financial assets and Mainly due to changes financial liabilities by non-financial enterprises and gains and losses arising from the in the fair value of the disposal of financial assets and financial liabilities excluding the effective hedging -3659310.48 trust and fund products business related to the Company’s normal business operations during this period.Other non-operating income or expenses except the above items -850954.80 Less: Impact of income taxes 606836.70 Total 1762271.09 -- Other details of profit and loss items that meet the definition of non-recurring profit or loss □ Applicable √ Not applicable 2Joyoung Co. Ltd. Interim Report of the First Quarter 2026 Not Applicable to the Company.Explain the reasons if the Company classifies any non-recurring gain/loss item mentioned in the as a recurring gain/loss item □ Applicable √ Not applicable Not Applicable to the Company. 3. Changes in key accounting data and financial indicators and reasons for such changes √ Applicable □Not applicable Unit: RMB Item 31 March 2026 31 December 2025 Flux(%) Notes Accounts Payable 988938429.29 1509032583.11 -34.47%Mainly due to the payments for goods during thecurrent period.Payroll payable 21107881.52 112707094.22 -81.27%Mainly due to the payment of year-end bonusesduring the current period.Non-current Liabilities Due within One Year 13024406.42 19396898.18 -32.85% Mainly due to the payment of lease-related expenses during the current period.Other Comprehensive Income -32575550.05 729415.64 -4565.98%Mainly due to foreign exchange fluctuations duringthe current period.Item From 1 January 2026 From 1 January 2025 to 31to 31 March 2026 March 2025 YoY(%) Note Taxes and Surcharges 5891530.78 10382642.14 -43.26%Mainly due to a decrease in tax payments duringthe current period.Finance Costs -14642796.10 -24115842.37 39.28%Mainly due to foreign exchange fluctuations duringthe current period.Other Income 22671220.89 9727620.64 133.06%Mainly due to an increase in the additional VATdeduction during the current period.Investment Income 5055465.66 496580.43 918.06%Mainly due to dividends received from funds duringthe current period.Mainly due to a smaller decline in bad debt Credit Impairment Losses 3686385.25 6072108.08 -39.29% provisions for accounts receivable during the current period.Asset Impairment Losses -2135669.27 2424846.25 -188.07%Mainly due to the provision for inventoryimpairment recognized during the current period.Tax Refunds Received 21786906.28 45831270.20 -52.46%Mainly due to a decrease in export tax rebatesreceived during the current period.Cash Received relating to Other Operating Activities 290184717.58 423609123.09 -31.50% Mainly due to a decrease in the recovery of bill margin deposits during the current period.Net Cash Flows from Operating Mainly due to lower revenue in the current period Activities -124513989.16 245581933.84 -150.70% leading to decreased cash receipts from sales anda reduction in the recovery of bill margin deposits.Cash Received relating to Other Investing Activities 784812098.34 181293656.31 332.90% Mainly due to an increase in redemptions of wealth management products during the current period.Cash Received from Returns on 3576527.07 173553.00 1960.77%Mainly due to dividends received from funds duringInvestments the current period.Cash Paid relating to Other Investing Activities 1670626844.01 35062892.99 4664.66% Mainly due to an increase in the purchase of wealth management products during the current period.Cash Paid relating to Other 8022183.57 33492246.11 -76.05%Mainly due to the purchase of minority interests inFinancing Activities the prior period.Effect of Exchange Rate Changes on Cash and Cash -32618403.43 3819423.47 -954.01%Mainly due to foreign exchange losses during the Equivalents current period. 3Joyoung Co. Ltd. Interim Report of the First Quarter 2026 II. Shareholder Information 1. Total number of common shareholders and number of preferred shareholders with resumed voting rights shareholdings of the top ten shareholders at the period-end Unit: share Total number of common shareholders at the end 41405 Total number of preferred shareholders with resumedof the Reporting Period voting rights at the end of the Reporting Period (if any) 0 Top 10 shareholders（excluding lending and transfer of shares business） Nature of Shareholding Total shares Number of Pledged or frozen sharesName of shareholder shareholder percentage held at the restrictedperiod-end shares held Status Number Shanghai Lihong Enterprise Management Domestic non-state-owned corporation 50.40% 384523746 0 N/A 0Co. Ltd.JS Global Capital 17.03% 129924090 Management Limited Foreign corporation 0 N/A 0 Joyoung ESOP Plan Others 2.01% 15313800(Phase 1) 0 N/A 0 Central Huijin Asset State-owned Management Ltd. corporation 1.47% 11201233 0 N/A 0 Hong Kong Securities Clearing Co. Ltd. Foreign corporation 0.70% 5307412 0 N/A 0 CPIC-Dividend-Personal Dividend Others 0.40% 3045512 0 N/A 0 Yingxin Wang Domestic Natural Person 0.24% 1864800 0 N/A 0 Industrial and Commercial Bank of China Limited– Dacheng CSI 360 Others 0.23% 1758917 0 N/A 0 Internet Plus Big Data 100 Index Securities Investment Fund Zhenjun Jiang Domestic Natural Person 0.22% 1710100 0 N/A 0 Han Wei Domestic Natural Person 0.20% 1554900 0 N/A 0 Top 10 non-restricted shareholders (excluding lending and transfer of shares business excluding executive restricted shares) Name of shareholder Number of non-restricted Type of sharesshares held Type of shares Number Shanghai Lihong Enterprise Management Co. Ltd. 384523746 RMB common stock 384523746 JS Global Capital Management Limited 129924090 RMB common stock 129924090 Joyoung ESOP Plan (Phase 1) 15313800 RMB common stock 15313800 Central Huijin Asset Management Ltd. 11201233 RMB common stock 11201233 Hong Kong Securities Clearing Co. Ltd. 5307412 RMB common stock 5307412 CPIC-Dividend-Personal Dividend 3045512 RMB common stock 3045512 Yingxin Wang 1864800 RMB common stock 1864800 Industrial and Commercial Bank of China Limited– Dacheng CSI 360 Internet Plus Big Data 100 Index Securities Investment Fund 1758917 RMB common stock 1758917 Zhenjun Jiang 1710100 RMB common stock 1710100 Han Wei 1554900 RMB common stock 1554900 In April 2019 the shareholding structure of BILTING Related or acting-in-concert parties among shareholders above DEVELOPMENTS LIMITED changed. MR. Xuning WANG the actual controller of the Company became the actual controller of BILTING 4Joyoung Co. Ltd. Interim Report of the First Quarter 2026 DEVELOPMENTS LIMITED (See Report No. 2019-027 of the Company on www.chinainfo.com.cn.). As a result Shanghai Lihong Enterprise Management Co. Ltd. and BILTING DEVELOPMENTS LIMITED both controlled by Mr. Xuning WANG are defined as acting-in-concert parties by the Administrative Measures for the Takeover of Listed Companies.Other than the aforementioned related and acting-in-concert parties the Company is uncertain about whether there are related or acting-in- concert parties among shareholders above.In July 2024 BILTING DEVELOPMENTS LIMITED changed its name to JS Global Capital Management Limited which is still a party acting in concert with the controlling shareholder of the Company Shanghai Lihong Enterprise Management Co. Ltd. The aforementioned change does not involve any equity change of the Company’s controlling shareholder and has no impact on the Company's operating activities and there has been no change in the Company's controlling shareholder and de facto controller.Explanation on top 10 shareholders participating in securities margin Zhenjun Jiang holds 0 shares of the Company through an ordinary trading (if any) securities account and 1710100 shares through a credit securitiesaccount with a total of 1710100 shares of the Company.Shareholders holding more than 5% of shares top 10 shareholders and top 10 shareholders with non-restricted shares outstanding participating in the lending and transfer of shares business □ Applicable √ Not applicable Top 10 shareholders and top 10 shareholders with non-restricted shares outstanding changed from the previous period due to lending/repatriation in the lending and transfer of shares business □ Applicable √ Not applicable 2. Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings □ Applicable √ Not applicable III. Other Significant Events □ Applicable √ Not applicable IV. Quarterly Financial Statements 1. Financial Statements 1.1 CONSOLIDATED BALANCE SHEET Prepared by: Joyoung Co. Ltd. 31 March 2026 Unit: RMB 5Joyoung Co. Ltd. Interim Report of the First Quarter 2026 Item 31 March 2026 1 January 2026 Current assets: Cash at bank and on hand 3048360262.97 3802344068.96 Deposit reservation for balance 0.00 0.00 Lending funds 0.00 0.00 Trading financial assets 626098615.25 0.00 Derivative financial assets 0.00 0.00 Notes receivable 363476234.69 474242692.64 Accounts receivable 753740771.72 844530212.00 Receivables financing 380633249.19 366229143.46 Prepaid expense 42838912.94 39155130.21 Premium receivable 0.00 0.00 Reinsurance accounts receivable 0.00 0.00 Provision of cession receivable 0.00 0.00 Other receivables 16437928.20 14962889.22 Including: Interest receivable 0.00 0.00 Dividend receivable 0.00 0.00 Redemptory monetary capital for sale 0.00 0.00 Inventories 545638348.15 536531279.01 Including: Data Resource 0.00 0.00 Contract assets 0.00 0.00 Holding assets for sale 0.00 0.00 Current portion of non-current assets 0.00 0.00 Other current assets 79154828.47 104591571.53 Total current assets 5856379151.58 6182586987.03 Non-current assets: Issuance of loans and advances 0.00 0.00 Debt Investments 0.00 0.00 Other debt investments 0.00 0.00 Long-term receivables 11863000.00 11863000.00 Long-term equity investments 126204119.69 125823796.35 Investments in other equity instruments 278946595.38 282857131.24 Other non-current financial assets 210736614.88 216690768.42 Investment properties 105091692.56 107968662.27 Fixed assets 539828082.09 553197700.08 Construction in progress 1302140.69 1077254.78 Productive biological asset 0.00 0.00 Oil and gas assets 0.00 0.00 Right-of-use assets 15846020.23 21809903.49 Intangible assets 111938817.73 113471329.64 Including: Data Resource 0.00 0.00 Development expenditures 0.00 0.00 Including: Data Resource 0.00 0.00 Goodwill 0.00 0.00 Long-term prepaid expenses 1566895.40 1654874.93 Deferred tax assets 170755708.41 175223339.28 Other non-current assets 0.00 0.00 Total non-current assets 1574079687.06 1611637760.48 TOTAL ASSETS 7430458838.64 7794224747.51 Current liabilities: Short-term borrowings 0.00 0.00 Loans from the central bank 0.00 0.00 Loans from other banks 0.00 0.00 Trading financial liabilities 0.00 0.00 Derivative financial liability 0.00 0.00 Notes payable 2238411693.24 2004702049.92 6Joyoung Co. Ltd. Interim Report of the First Quarter 2026 Item 31 March 2026 1 January 2026 Accounts payable 988938429.29 1509032583.11 Unearned revenue 0.00 0.00 Contract liabilities 216113454.11 227229133.62 Financial assets sold for repurchase 0.00 0.00 Deposits from customers and interbank 0.00 0.00 Receivings from vicariously traded securities 0.00 0.00 Receivings from vicariously sold securities 0.00 0.00 Payroll payable 21107881.52 112707094.22 Tax payable 18219574.77 25623201.76 Other payables 223961854.32 220521260.97 Including: Interest payable 0.00 0.00 Dividend payable 0.00 0.00 Handling fees and commissions payable 0.00 0.00 Dividend payable for reinsurance 0.00 0.00 Holding liabilities for sale 0.00 0.00 Current portion of non-current liabilities 13024406.42 19396898.18 Other current liabilities 31973618.38 45623089.36 Total current liabilities 3751750912.05 4164835311.14 Non-current liabilities Reserve fund for insurance contracts 0.00 0.00 Long-term borrowings 0.00 0.00 Bonds payable 0.00 0.00 Including: Preferred stock 0.00 0.00 Perpetual bonds 0.00 0.00 Lease liabilities 2414221.53 3085096.72 Long-term payables 0.00 0.00 Long-term payroll payable 0.00 0.00 Accrued liabilities 3419421.82 3292941.91 Deferred income 4948914.18 6762106.67 Deferred tax liabilities 12047704.88 12121387.95 Other non-current liabilities 0.00 0.00 Total non-current liabilities 22830262.41 25261533.25 Total liabilities 3774581174.46 4190096844.39 Shareholders’ equity Share capital 763017000.00 763017000.00 Other equity instruments 0.00 0.00 Including: preferred stock 0.00 0.00 Perpetual bond 0.00 0.00 Capital surplus 577166604.99 576383424.77 Less: Treasury stock 0.00 0.00 Other comprehensive income -32575550.05 729415.64 Special reserve 0.00 0.00 Surplus reserve 397820873.71 397820873.71 General risk reserve 0.00 0.00 Undistributed profits 1778138582.98 1695290397.98 Total equity attributable to shareholders of the Company 3483567511.63 3433241112.10 Minority interests 172310152.55 170886791.02 Total shareholders’ equity 3655877664.18 3604127903.12 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7430458838.64 7794224747.51 Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo 1.2 CONSOLIDATED INCOME STATEMENTS FOR THE THREE MONTHS ENDED 31 MARCH 2026 Unit: RMB 7Joyoung Co. Ltd. Interim Report of the First Quarter 2026 Item For the three months For the three monthsended 31 March 2026 ended 31 March 2025 Total revenue 1811739072.65 1999944950.10 Including: Operating revenue 1811739072.65 1999944950.10 Interest income 0.00 0.00 Earned Premium 0.00 0.00 Handling fees and commission income 0.00 0.00 Total operating cost 1747208004.04 1898015747.70 Including: Cost of sales 1366337768.65 1473441186.62 Interest expense 0.00 0.00 Handling fees and commission expenses 0.00 0.00 Surrender value 0.00 0.00 Net payments for insurance claims 0.00 0.00 Net provision for insurance liability 0.00 0.00 Bond insurance expense 0.00 0.00 Amortized Reinsurance Expenditures 0.00 0.00 Taxes and surcharges 5891530.78 10382642.14 Selling and distribution expenses 240063806.45 262541273.56 General and administrative expenses 80707379.60 87665909.91 Research and development expenses 68850314.66 88100577.84 Financial income -14642796.10 -24115842.37 Including: Interest expenses 171599.30 269248.04 Interest income 19409837.64 21551638.45 Add: Other income 22671220.89 9727620.64 Investment income/(loss) 5055465.66 496580.43 Including: Investment income from associates and joint ventures 380323.34 323027.43 Profits or losses arising from derecognition of financial assets measured at amortized costs 0.00 0.00 Foreign exchange gains/(losses) 0.00 0.00 Net exposure to hedging gains/(losses) 0.00 0.00 Gains/(Losses) on changes in fair value -5167119.80 -6266325.65 Credit impairment losses 3686385.25 6072108.08 Asset impairment losses -2135669.27 2424846.25 Gain on disposal of assets 0.00 199100.16 Operating profit 88641351.34 114583132.31 Add: Non-operating income 788647.38 662808.61 Less: Non-operating expenses 1754324.84 2267459.89 Total profit 87675673.88 112978481.03 Less: Income tax expenses 3404127.35 11997076.50 Net Profit 84271546.53 100981404.53 (1) Classified by continuity of operations Net profit from continuing operations 84271546.53 100981404.53 Net profit from discontinued operations 0.00 0.00 (2) Classified by ownership of the equity Attributable to shareholders of the Company 82848185.00 101488347.36 Minority interests 1423361.53 -506942.83 Other comprehensive income net of tax -33304965.69 -2316273.70 Other comprehensive income attributable to equity owners of the Company -30485365.73 -2316273.70 8Joyoung Co. Ltd. Interim Report of the First Quarter 2026 Item For the three months For the three monthsended 31 March 2026 ended 31 March 2025 net of tax (1) Other comprehensive income items which will not be reclassified subsequently to profit or loss -3910535.86 -479822.65 1) Changes arising from remeasurement of defined benefit plan 0.00 0.00 2) Other comprehensive income that cannot be transferred to profit or loss under the equity method 0.00 0.00 3) Changes in fair value of investments in other equity instruments -3910535.86 -479822.65 4) Changes in fair value of an enterprise's own credit risk 0.00 0.00 5) Others 0.00 0.00 (2) Other comprehensive income items which will be reclassified subsequently to profit or loss -26574829.87 -1836451.05 1) Other comprehensive income available for transfer to profit or loss under the equity method 0.00 0.00 2) Changes in fair value of other debt investments 0.00 0.00 3) Reclassification of financial assets to other comprehensive income 0.00 0.00 4) Provision for credit impairment of other debt investments 0.00 0.00 5) Cash flow hedge reserve 0.00 0.00 6)Differences on translation of foreign currency financial statements -26574829.87 -1836451.05 7)Others 0.00 0.00 Other comprehensive income attributable to minority shareholders net of tax -2819599.96 0.00 Total comprehensive income 50966580.84 98665130.83 Attributable to equity owners of the Company 52362819.27 99172073.66 Attributable to minority interests -1396238.43 -506942.83 Earnings per share: (1) Basic earnings per share 0.11 0.14 (2) Diluted earnings per share 0.11 0.14 In the case of a business combination under the same control in the current period the net income realized by the party being consolidated before the combination was: RMB 0.00 and the net income realized by the party being consolidated in the previous period was: RMB 0.00.Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo 1.3 CONSOLIDATED CASH FLOW STATEMENTS Unit: RMB Item For the three months ended For the three months ended31 March 2026 31 March 2025 1. Cash flows from operating activities Cash received from sales of goods or rendering of services 2175275672.82 2359895738.59 Net increase in customer deposits and deposits from banks and other financial institutions 0.00 0.00 Net decrease in deposits with the Central Bank 0.00 0.00 Net decrease in deposits with other financial institutions 0.00 0.00 Cash received from premiums of original insurance contracts 0.00 0.00 Net cash received from reinsurance operations 0.00 0.00 Net increase in policyholders' savings and investment funds 0.00 0.00 Cash received from interest fee and commission 0.00 0.00 Net increase in borrowed funds 0.00 0.00 Net increase in funds for repurchase operations 0.00 0.00 Net cash received from agency purchases and sales of securities 0.00 0.00 Refund of taxes and surcharges 21786906.28 45831270.20 9Joyoung Co. Ltd. Interim Report of the First Quarter 2026 Item For the three months ended For the three months ended31 March 2026 31 March 2025 Cash received relating to other operating activities 290184717.58 423609123.09 Sub-total of cash inflows 2487247296.68 2829336131.88 Cash paid for goods and services 1837256008.27 1640925569.37 Net increase in loans and advances to customers 0.00 0.00 Deposits from banks and other financial institutions 0.00 0.00 Cash payment of benefits from the original insurance contract 0.00 0.00 Net increase in funds removed 0.00 0.00 Cash paid for interest fee and commission 0.00 0.00 Cash paid as policy dividends 0.00 0.00 Cash paid to and on behalf of employees 253324936.55 225579185.12 Payments of taxes and surcharges 32595921.17 43934221.63 Cash paid relating to other operating activities 488584419.85 673315221.92 Sub-total of cash outflows 2611761285.84 2583754198.04 Net cash flows from operating activities -124513989.16 245581933.84 2. Cash flows from investing activities Cash received from disposal of investments 800000.00 227600.00 Cash received from returns on investments 3576527.07 173553.00 Net cash received from disposal of fixed assets intangible assets and other long-term assets 0.00 464377.88 Net cash received from disposal of subsidiaries and other business units 0.00 0.00 Cash received relating to other investing activities 784812098.34 181293656.31 Sub-total of cash inflows 789188625.41 182159187.19 Cash paid to acquire fixed assets intangible assets and other long-term assets 711289.08 3006913.36 Cash paid to acquire investments 0.00 0.00 Net increase in pledged loans 0.00 0.00 Net cash paid to acquire subsidiaries and other business units 0.00 0.00 Cash paid relating to other investing activities 1670626844.01 35062892.99 Sub-total of cash outflows 1671338133.09 38069806.35 Net cash flows from investing activities -882149507.68 144089380.84 3. Cash flows from financing activities Cash received from capital contributions 0.00 0.00 Including: Cash received from capital contributions by minority shareholders of subsidiaries 0.00 0.00 Cash received from borrowings 0.00 0.00 Cash received relating to other financing activities 0.00 0.00 Sub-total of cash inflows 0.00 0.00 Cash repayments of borrowings 0.00 0.00 Cash payments for interest expenses and distribution of dividends or profits 0.00 0.00 Including: Cash payments for dividends or profit to minority shareholders of subsidiaries 0.00 0.00 Cash payments relating to other financing activities 8022183.57 33492246.11 Sub-total of cash outflows 8022183.57 33492246.11 Net cash flows from financing activities -8022183.57 -33492246.11 4. Effect of foreign exchange rate changes on cash and cash equivalents -32618403.43 3819423.47 5. Net increase in cash and cash equivalents -1047304083.84 359998492.04 Add: Cash and cash equivalents at the beginning of the period 3379483355.79 2309238593.71 6. Cash and cash equivalents at the end of the period 2332179271.95 2669237085.75 10Joyoung Co. Ltd. Interim Report of the First Quarter 2026 2.Adjustments to items related to financial statements at the beginning of the year of first-time implementation of new accounting standards from 2026 onwards □ Applicable √ Not applicable 3. Auditing Report Whether the first quarterly report was audited □ Yes √ No The first quarterly report was not audited.Joyoung Co. Ltd. Board of Directors 30 April 2026 11