Group 1: Supermarket Transformation - In 2024, the company actively innovated and transformed its supermarket format, launching nine lifestyle theme pavilions and one full warehouse fulfillment center, with the first SP@CE3.0 located in Shenzhen Baoan Tianhong Shopping Center [2] - The company standardized the transformation of six stores based on size and physical structure, including locations in Shenzhen, Xiamen, Nanchang, and Beijing, and partially transformed 18 additional stores [2] - The company deepened end-to-end management of the vertical supply chain to enhance product quality and promote superior products across national stores to better meet customer needs [2] Group 2: Dividend Policy - The company has consistently implemented an active cash dividend policy, focusing on reasonable returns for investors, especially long-term investors [2] - Prior to 2020, the annual cash dividend amount accounted for approximately 50% of the net profit attributable to ordinary shareholders in the consolidated financial statements [2] - In 2024, the cash dividend distribution amount accounted for 91.41% of the net profit attributable to the parent company's shareholders [2] - The company plans to propose dividend schemes based on profit distribution policies and operational needs in the future [2] Group 3: Compliance and Transparency - During the reception process, the company strictly adhered to relevant regulations, ensuring no leakage of undisclosed significant information occurred [3] - The company signed a research commitment letter as required by the Shenzhen Stock Exchange [3]