Group 1: E-commerce Promotions - Douyin E-commerce announced a "618" merchant incentive policy, investing billions in cash subsidies and trillions in traffic resources to boost merchant sales during the event from May 13 to June 18 [1] - Tmall simplified its "618" promotion rules, offering a single official discount method with a base discount starting at 15% and a maximum discount of 50%, enhancing user shopping experience [2] - Kuaishou E-commerce launched its "618" shopping festival, providing 20 billion in subsidies and trillions in traffic support to help merchants grow their sales during the event [3] Group 2: Marketing Strategies - JD.com introduced the "JD Eating, Drinking, and Entertainment Season" from May 8 to June 1, featuring a large IP amusement park and significant discounts across all categories, leveraging emotional resonance in marketing [4] Group 3: Technology and Innovation - Apollo and Shenzhou Car Rental announced a deep collaboration to launch the world's first autonomous vehicle rental service, aiming to provide accessible smart travel services and enhance the integration of technology and tourism [5]

THREE MONTHS ENDED MARCH 31, 2025 Important Cautionary Notes All amounts in this Supplemental Information are in U.S. dollars unless otherwise specified. Unless otherwise indicated, the statistical and financial data in this document is presented as at March 31, 2025. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION Note: This Supplemental Information contains "forward-looking information" within the meaning of Canadian provincial securities laws and "forward-looking statements" wit ...