{"id":86890,"date":"2026-10-07T14:11:00","date_gmt":"2026-10-07T14:11:00","guid":{"rendered":"https:\/\/english.saigonbiz.com\/vn\/?p=86890"},"modified":"2026-10-08T01:42:38","modified_gmt":"2026-10-08T01:42:38","slug":"lucas-gc-limited-announces-1h-2026-financial-results-revenue-at-us35-74-million-with-increases-in-gross-margin","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/lucas-gc-limited-announces-1h-2026-financial-results-revenue-at-us35-74-million-with-increases-in-gross-margin\/","title":{"rendered":"Lucas GC Limited Announces 1H 2026 Financial Results: Revenue at US$35.74 million with Increases in Gross Margin"},"content":{"rendered":"<p align=\"justify\">NEW YORK, Oct.  07, 2026  (GLOBE NEWSWIRE) &#8212; Lucas GC Limited (NASDAQ: LGCL) (\u201cLucas\u201d or the \u201cCompany\u201d), an artificial intelligence (the \u201cAI\u201d) technology-driven Platform-as-a-Service (the \u201cPaaS\u201d) company, applying such technologies in human resources and insurance industry verticals today announced its financial results for 1H fiscal year of 2026.<\/p>\n<p align=\"justify\"><strong>1H 2026 Financial Highlights<\/strong><\/p>\n<ul>\n<li style=\"text-align:justify;\">Our revenue was RMB245.3 million (US$35.7 million) for the six months ended June 30, 2026, compared with RMB386.9 million for the six months ended June 30, 2025, representing a decrease of 36.6%.<\/li>\n<li style=\"text-align:justify;\">We recorded a gross margin of 35.4% for the six months ended June 30, 2026, representing an increase of 1.7% compared with that of the six months ended June 30, 2025.<\/li>\n<li style=\"text-align:justify;\">We recorded net income of RMB19.9 million (US$2.9 million) for the six months ended June 30, 2026, compared with RMB21.5 million for the six months ended June 30, 2025.<\/li>\n<li style=\"text-align:justify;\">Our net income margin increased to 8.0% for the six months ended June 30, 2026, compared with 5.5% for the six months ended June 30, 2025.<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Management Commentary<\/strong><\/p>\n<p align=\"justify\">Howard Lee, Chief Executive Officer of Lucas, said: \u201cOur first-half performance highlights the success of our ongoing pivot from providing traditional service into higher value-added technology services. While macroeconomic headwinds in China and our strategic shift from lower-margin contracts impacted top-line revenue, our focus on higher-margin product lines and expansion delivered remarkable bottom-line expansion. In return, our gross margin expanded by 1.7% to 35.4%, while net income decreased slightly by 7.6% year-over-year to RMB19.9 million, with a net margin of 8.0%.\u201d<\/p>\n<p align=\"justify\"><strong><em>Comparison of Interim Financial Results for the six months ended June 30, 2025 and 2026<\/em><\/strong><\/p>\n<p align=\"justify\">The following table summarizes the results of our operations during the six months ended June 30, 2025 and 2026, respectively, and provides information regarding the dollar and percentage increase or (decrease) during such periods.<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>For the Period Ended June 30,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Variance<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Percentage<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:23%; width:23%; min-width:23%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"13\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(In thousands, except percentages)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Total revenues<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">386,890<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">245,285<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">35,744<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">100.0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(141,605<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(36.6<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Cost of revenues<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(256,355<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(66.3<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(158,392<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(23,081<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(64.6<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(97,963<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(38.2<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Gross profit<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>130,535<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>33.7<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>86,893<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>12,663<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>35.4<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(43,642<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(33.4<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Operating expenses<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Selling and marketing expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(30,562<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(7.9<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(19,204<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,798<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(7.8<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11,358<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(37.2<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">General and administrative expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(38,798<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(10.0<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(17,807<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,595<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(7.3<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(20,991<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(54.1<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Research and development expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(45,881<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11.9<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(24,017<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,500<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(9.8<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(21,864<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(47.7<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total operating expenses<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(115,241<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(29.8<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(61,028<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(8,893<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(24.9<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(54,213<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(47.0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Income from operations<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>15,294<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3.9<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>25,865<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3,770<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>10.5<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>10,571<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>69.1<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Other income (expenses)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Financial expenses, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(325<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(0.1<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,402<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(204<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(0.6<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,077<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">331.4<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Other (expenses) income, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(89<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(0.0<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">13<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">102<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">114.6<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total other expenses, net<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(414<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(0.1<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(1,389<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(202<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(0.6<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">975<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>235.5<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Income before income tax benefit (expenses)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>14,880<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3.8<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>24,476<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3,568<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>9.9<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>9,596<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>64.5<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income tax benefit (expenses)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">6,613<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.7<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(4,620<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(673<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1.9<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11,233<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(169.9<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Net income<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>21,493<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>5.5<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>19,856<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,895<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>8.0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(1,637<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(7.6<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<p align=\"justify\"><strong><em>Revenues<\/em><\/strong><\/p>\n<p align=\"justify\">Our revenues decreased by approximately RMB141.6 million, or 36.6%, from RMB386.9 million for the six months ended June 30, 2025 to RMB245.3 million (US$35.7 million) for the six months ended June 30, 2026, primarily due to a decrease of revenues from outsourcing service. The following table sets forth a breakdown of our revenues, each expressed in the absolute amount and as a percentage of our total revenues, for the periods indicated:<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>For the Six Months Ended June 30,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Variance<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Percentage<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:23%; width:23%; min-width:23%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"13\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(In thousands, except percentages)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Revenues:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Recruitment service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31,806<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8.2<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">26,266<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,828<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">10.7<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(5,540<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(17.4<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Outsourcing service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">334,471<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">86.5<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">213,656<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31,134<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">87.1<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(120,815<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(36.1<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Others<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,613<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5.3<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5,363<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">782<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2.2<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(15,250<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(74.0<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total revenues<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>386,890<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>100.0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>245,285<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>35,744<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>100.0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(141,605<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(36.6<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Revenues from recruitment services decreased by RMB5.5 million, or 17.4%, from RMB31.8 million for the six months ended June 30, 2025 to RMB26.3 million (US$3.8 million) for the six months ended June 30, 2026. Broader macroeconomic headwinds led corporate customers to exercise caution regarding headcount growth, resulting in lower volume for traditional recruitment placements as clients increasingly favored outsourced workforce solutions.<\/p>\n<p align=\"justify\">Revenues from outsourcing services decreased by approximately RMB120.8 million, or 36.1%, from RMB334.5 million for the six months ended June 30, 2025 to RMB213.7 million (US$31.1 million) for the six months ended June 30, 2026. The decrease was primarily driven by a reduction in corporate customer demand, as customers exercised spending discipline and deferred investments in custom IT systems, process automation, and labor-optimization projects. To mitigate these top-line headwinds, management focused on optimizing our service mix by prioritizing toward higher-value technology solutions during the period.<\/p>\n<p align=\"justify\">Revenues from other services decreased by RMB15.3 million, or 74.0%, from RMB20.6 million for the six months ended June 30, 2025 to RMB5.4 million (US$0.8 million) for the six months ended June 30, 2026. The decrease was mainly due to softened demand for non-core information technology services as clients exercised budget discipline amid a challenging economic climate.<\/p>\n<p align=\"justify\"><strong><em>Cost of revenues<\/em><\/strong><\/p>\n<p align=\"justify\">Our cost of revenues decreased by approximately RMB98.0 million, or 38.2%, from RMB256.4 million for the six months ended June 30, 2025 to RMB158.4 million (US$23.1 million) for the six months ended June 30, 2026, which was mainly due to the decrease in outsourcing service, which had higher cost. The following table sets forth a breakdown of our cost of revenues by revenue streams, expressed as an absolute amount and as a percentage of the total revenues, for the periods indicated.<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>For the Six Months Ended June 30,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Variance<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Percentage<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:23%; width:23%; min-width:23%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"13\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(In thousands, except percentages)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Cost of revenues:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Recruitment service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">17,873<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4.6<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">12,708<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,852<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5.2<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(5,165<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(28.9<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Outsourcing service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">224,733<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">58.1<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">142,453<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,758<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">58.1<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(82,280<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(36.6<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Others<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">13,749<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3.6<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,231<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">471<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.3<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(10,518<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(76.5<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total cost of revenues<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>256,355<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>66.3<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>158,392<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>23,081<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>64.6<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(97,963<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(38.2<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Cost related to recruitment services decreased by approximately RMB5.2 million, or 28.9%, from RMB17.9 million for the six months ended June 30, 2025 to RMB12.7 million (US$1.9 million) for the six months ended June 30, 2026, primarily due to the decrease of revenues in recruitment service.<\/p>\n<p align=\"justify\">Cost related to outsourcing services decreased by approximately RMB82.3 million, or 36.6%, from RMB224.7 million for the six months ended June 30, 2025 to RMB142.5 million (US$20.8 million) for the six months ended June 30, 2026, primarily attributable to the decline in active outsourcing project volume, which reduced direct operational expenditures, including fees paid to third-party partners.<\/p>\n<p align=\"justify\">Cost related to other services decreased by approximately RMB10.5 million, or 76.5%, from RMB13.7 million for the six months ended June 30, 2025 to RMB3.2 million (US$0.5 million) for the six months ended June 30, 2026, primarily in line with the decrease in other services.<\/p>\n<p align=\"justify\"><strong><em>Gross profits and margin<\/em><\/strong><\/p>\n<p align=\"justify\">The following table sets forth a breakdown of our gross profit, margin by revenue streams, expressed as an absolute amount and as a percentage of their corresponding revenues for the periods indicated.<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>For the Six Months Ended June 30,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Variance<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Percentage<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:23%; width:23%; min-width:23%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:9%; width:9%; min-width:9%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"13\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(In thousands, except percentages)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Gross profits:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Recruitment service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">13,933<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3.6<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">13,558<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,976<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5.5<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(375<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2.7<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Outsourcing service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">109,738<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">28.4<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">71,203<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">10,376<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">29.0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(38,535<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(35.1<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Others<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">6,864<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.7<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,132<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">311<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.9<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(4,732<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(68.9<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total gross profits<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>130,535<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>33.7<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>86,893<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>12,663<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>35.4<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(43,642<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(33.4<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">As a result of the foregoing, we recorded a gross profit of RMB130.5 million and RMB86.9 million (US$12.7 million) for the six months ended June 30, 2025 and 2026, respectively. Moreover, our strategic transit from pursuing revenue scale expansion to driving value optimization through gross margin enhancement, attributable to slightly gross profit margin increase from 33.7% to 35.4% in 2025 and 2026, respectively.<\/p>\n<p align=\"justify\"><strong><em>Operating expenses<\/em><\/strong><\/p>\n<p align=\"justify\">Our operating expenses decreased from RMB115.2 million for the six months ended June 30, 2025 to RMB61.0 million (US$8.9 million) for the six months ended June 30, 2026, representing a decrease of 47.0%, primarily due to the following:<\/p>\n<p align=\"justify\"><em>General and administrative expenses<\/em><\/p>\n<p align=\"justify\">Our general and administrative expenses decreased by 54.1% from RMB38.8 million for the six months ended June 30, 2025 to RMB17.8 million (US$2.6 million) for the six months ended June 30, 2026, which was primarily due to the decrease of RMB22.6 million (US$3.3 million) in user support operation expenses, for which we were able to normalize support spending and optimizing administrative overhead.<\/p>\n<p align=\"justify\"><em>Research and development expenses<\/em><\/p>\n<p align=\"justify\">Our research and development expenses decreased by 47.7% from RMB45.9 million for the six months ended June 30, 2025 to RMB24.0 million (US$3.5 million) for the six months ended June 30, 2026. This reduction was primarily attributable to engineering efficiencies gained from our prior-period platform investments, which reduced the need for major AI model updates during the period. We will continue allocating capital toward high-ROI technology initiatives to support long-term commercialization and margin expansion.<\/p>\n<p align=\"justify\"><em>Selling and marketing expenses<\/em><\/p>\n<p align=\"justify\">Our selling and marketing expenses decreased by 37.2% from RMB30.6 million for the six months ended June 30, 2025 to RMB19.2 million (US$2.8 million) for the six months ended June 30, 2026, which was mainly due to our commercial strategy toward margin optimization and organic client retention. Leveraging strong recurring relationships with returning corporate customers allowed us to streamline customer acquisition expenditure while continuing to serve the high-value enterprise accounts that power our core outsourcing business.<\/p>\n<p align=\"justify\"><strong><em>Other income\/(expenses), net<\/em><\/strong><\/p>\n<p align=\"justify\">Total other expenses, net increased by 235.5% from RMB0.4 million for the six months ended June 30, 2025 to RMB1.4 million (US$0.2 million) for the six months ended June 30, 2026.<\/p>\n<p align=\"justify\">Financial expenses mainly consist of interest income and expenses, bank charges and exchange gain or loss. Our financial expenses, net increased from RMB0.3 million for the six months ended June 30, 2025 to RMB1.4 million (US$0.2 million) for the six months ended June 30, 2026 primarily due to the increased bank interest expenses from 1.0 million for the six months ended June 30, 2025 to 1.5 million for the six months ended June 30, 2026; and the increase is offset by the exchange gain, which decreased from 0.7 million for the six months ended June 30, 2025 to 0.07 million for the six months ended June 30, 2026.<\/p>\n<p align=\"justify\"><strong><em>Income tax benefits (expenses)<\/em><\/strong><\/p>\n<p align=\"justify\">We recorded an income tax expense of RMB4.6 million (US$0.7 million) for the six months ended June 30, 2026, compared to an income tax benefit of RMB6.6 million for the six months ended June 30, 2025. This swing from a tax benefit to a tax expense was primarily attributable to the utilization of net operating loss carryforwards as profitability improved, alongside adjustments to recognized deferred tax assets associated with R&amp;D tax credit incentives and prior-year loss carryforwards.<\/p>\n<p align=\"justify\"><strong><em>Net income<\/em><\/strong><\/p>\n<p align=\"justify\">As a result of the foregoing, our net income decreased slightly by RMB1.6 million, from RMB21.5 million for the six months ended June 30, 2025 to RMB19.9 million (US$2.9 million) for the six months ended June 30, 2026.<\/p>\n<p align=\"justify\"><strong><em>Cash Flow<\/em><\/strong><\/p>\n<p align=\"justify\">As of June 30, 2026, we had cash and cash equivalents of RMB10.4 million (US$1.5 million). The following table sets forth a summary of cash flows for the periods indicated:<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"7\" style=\"width:29.3505%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>For the Six Months Ended June 30,<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"width:18.5049%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Variances<\/strong><\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:7.78186%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"width:19.4853%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:7.04657%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:9.74265%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Percentage<\/strong><\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:7.78186%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:9.375%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:8.02696%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:7.04657%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"width:9.74265%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>%<\/strong><\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"13\" style=\"width:49.5711%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">(In thousands, except for percentages)<\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">Net cash provided by operating activities<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.78186%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,349<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.375%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8,345<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:8.02696%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,217<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.04657%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,996<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.74265%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">91.9<\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">Net cash used in investing activities<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.78186%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(68,789<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">)<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.375%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(309,602<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">)<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:8.02696%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(45,116<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">)<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.04657%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">240,813<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.74265%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">350.1<\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">Net cash provided by financing activities<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.78186%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">63,368<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.375%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">284,824<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:8.02696%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">41,505<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.04657%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">221,456<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.74265%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">349.5<\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">Effect of exchange rate changes on cash and cash equivalents<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.78186%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(507<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">)<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.375%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,455<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">)<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:8.02696%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(405<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">)<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.04657%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,948<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.74265%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">581.5<\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \"><strong>Net decrease in cash and cash equivalents<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.78186%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(1,579<\/strong><\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.375%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(19,888<\/strong><\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:8.02696%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(2,799<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.04657%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>18,309<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.74265%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>1,159.5<\/strong><\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \">Cash and cash equivalents at the beginning of period<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.78186%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31,661<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.375%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">30,305<\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:8.02696%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,334<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.04657%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,356<\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">)<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.74265%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(4.3<\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"width:48.7745%;;vertical-align: bottom ; \"><strong>Cash and cash equivalents at the end of period<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.78186%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>30,082<\/strong><\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.375%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>10,417<\/strong><\/td>\n<td style=\"width:1.10294%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.980392%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:8.02696%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>1,535<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:7.04657%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(19,665<\/strong><\/td>\n<td style=\"width:0.919118%;;vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"width:0.796569%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"width:9.74265%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(65.4<\/strong><\/td>\n<td style=\"width:0.857843%;;vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><strong><em><br \/>Cash flows from operating activities<\/em><\/strong><\/p>\n<p align=\"justify\">For the six months ended June 30, 2026, our net cash provided by operating activities was RMB8.3 million (US$1.2 million), which was primarily attributable to (i) net income of RMB19.9 million (US$2.9 million), primarily adjusted for depreciation of software and equipment of RMB9.8 million (US$1.4 million) and provision of expected credit losses of RMB3.2 million; (ii) an increase in advances to suppliers of RMB44.5 million (US$6.5 million), primarily due to increased upfront payments made to secure critical capacity and vendor resources for ongoing IT outsourcing deployments; (iii) an increase in accounts receivable of RMB76.9 million (US$11.2 million), primarily driven by a concentration of project completions and customer billings toward the end of the second quarter for which collections remain outstanding; (iv) an increase in accounts payable of RMB74.9 million (US$10.9 million) due to the timing of vendor settlements near the end of the interim period; and (v) an increase in contract liabilities of RMB17.3 million (US$2.5 million) due to the additional cash prepayments collected from customers in advance of product delivery and milestone completions.<\/p>\n<p align=\"justify\">For the six months ended June 30, 2025, our net cash provided by operating activities was RMB4.3 million, which was primarily attributable to (i) net income of RMB21.5 million, primarily adjusted for depreciation of software and equipment of RMB5.7 million and provision of expected credit losses of RMB3.2 million; (ii) an increase in prepaid expenses and other current assets of RMB5.0 million; (iii) an increase in deferred tax assets of RMB6.6 million, driven by expanded R&amp;D expenditure and tax loss carryforwards; and offset by (iv) a decrease in accounts receivable of RMB10.7 million, reflecting cash collections from clients on outstanding balances during the period; (v) a decrease in accounts payable of RMB18.7 million, resulting from the timely settlement and payment of outstanding vendor balances; and (vi) a decrease in contract liabilities of RMB8.1 million, primarily due to the recognition of unearned revenue as performance obligations were fulfilled for advance customer prepayments.<\/p>\n<p align=\"justify\"><strong><em>Investing activities<\/em><\/strong><\/p>\n<p align=\"justify\">For the six months ended June 30, 2026, our net cash used in investing activities was RMB309.6 million (US$45.1 million), which was primarily due to (i) purchase of software and equipment of RMB6.6 million (US$1.0 million); (ii) purchase of research development of RMB23.6 million (US$3.4 million); and (iii) deposits for investment in partnership entities of RMB279.4 million (US$40.7 million).<\/p>\n<p align=\"justify\">For the six months ended June 30, 2025, our net cash used in investing activities was RMB68.8 million, which was primarily due to (i) purchase of software and equipment of RMB29.5 million; (ii) purchase of research development of RMB19.2 million; and (iii) deposits for investment in partnership entities of RMB21.5 million.<\/p>\n<p align=\"justify\"><strong><em>Financing activities<\/em><\/strong><\/p>\n<p align=\"justify\">For the six months ended June 30, 2026, our net cash provided by financing activities was RMB284.8 million (US$41.5 million), which was primarily attributable to (i) proceeds from short-term borrowings of RMB47.0 million (US$6.8 million); (ii) sale of ordinary shares through private placement of RMB280.0 million (US$40.8 million); and offset by (iii) repayment of short-term borrowing of RMB44.0 million (US$6.4 million).<\/p>\n<p align=\"justify\">For the six months ended June 30, 2025, our net cash provided by financing activities was RMB63.4 million, which was primarily attributable to (i) proceeds from short-term borrowings of RMB55.0 million; (ii) sale of public shares through public offering of RMB43.6 million; offset by (iii) repayment of short-term borrowing of RMB31.7 million; (iv) payments of offering costs related to follow-on offering of RMB1.3 million; and (v) repayment to a related party of RMB2.3 million.<\/p>\n<p align=\"justify\"><strong>About Lucas GC Limited<\/strong><\/p>\n<p align=\"justify\">With 24 granted U.S. and Chinese patents and over 75 registered software copyrights in AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company, applying such technologies in human resources and insurance industry verticals. For more information, please visit: <em>www.lucasgc.com<\/em>.<\/p>\n<p align=\"justify\"><strong>Forward-Looking Statements<\/strong><\/p>\n<p align=\"justify\">Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute \u201cforward-looking statements.\u201d The words \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201cwould\u201d and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions. Any forward-looking statements contained in this press release speak only as of the date hereof, and Lucas GC Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.<\/p>\n<p align=\"justify\">For Investor Inquiries and Media Contact:<\/p>\n<p align=\"justify\">https:\/\/www.lucasgc.com\/<br \/>ir@lucasgc.com<br \/>T: 818-741-0923<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"13\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>LUCAS GC LIMITED<br \/>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS<br \/>(All amounts in thousands, except for share and per share data, or otherwise noted)<\/strong><strong><br \/><\/strong><strong><br \/><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>As of<\/strong><br \/><strong>December 31,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>As of June 30,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(Audited)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(Unaudited)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:61%; width:61%; min-width:61%;;vertical-align: bottom ; \"><strong>ASSETS<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Current assets<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Cash and cash equivalents<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">30,305<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">10,417<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,535<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Short-term investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,813<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,780<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">704<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Accounts receivable, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">30,730<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">104,415<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">15,389<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Advance to suppliers, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">156,289<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">200,760<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">29,589<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Deferred offering costs<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">104<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">104<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">15<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Prepaid expenses and other current assets<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,010<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,125<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">608<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total current assets<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>225,251<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>324,601<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>47,840<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Non-current assets<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Software and equipment, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">154,125<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">150,941<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">22,246<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Development expenditures<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">34,816<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">58,400<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8,607<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Operating lease right-of-use assets, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">124<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">186<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">27<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Deferred tax assets, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19,800<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">15,179<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,237<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Deposits for investment in partnership entities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19,721<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">299,134<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">44,088<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total non-current assets<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>228,586<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>523,840<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>77,205<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>TOTAL ASSETS<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>453,837<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>848,441<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>125,045<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>LIABILITIES AND SHAREHOLDERS\u2019 EQUITY<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Current liabilities<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Short-term borrowings<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">94,861<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">97,861<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">14,423<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Accounts payable<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">35,530<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">110,453<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">16,279<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Contract liabilities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,764<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,026<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,952<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income tax payable<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">55<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">54<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Amounts due to related parties<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5,547<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">7,371<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,086<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Operating lease liabilities, current<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">105<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">15<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Accrued expenses and other current liabilities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">977<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,992<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">292<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total current liabilities<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>139,734<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>237,862<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>35,055<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Operating lease liabilities, non-current<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">81<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">12<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total non-current liability<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>&#8211;<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>81<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>12<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>TOTAL LIABILITIES<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>139,734<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>237,943<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>35,067<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Shareholders\u2019 equity<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Class A Ordinary shares (US$0.0002 par value; 235,000,000 shares authorized as of December 31, 2025 and June 30, 2026; 2,792,810 shares issued and 2,790,404 shares outstanding as of December 31, 2025 and 42,792,810 shares issued and 42,790,404 shares outstanding as of June 30, 2026)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">57<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Class B Ordinary Shares (US$0.0002 par value; 15,000,000 shares authorized as of December 31, 2025 and June 30, 2026; nil shares issued and outstanding as of December 31, 2025 and June 30, 2026)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Subscription receivables<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Treasury Stock<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(856<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(856<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(126<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Additional paid-in capital<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">182,968<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">462,914<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">68,226<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Statutory reserve<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">25,836<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">25,836<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,808<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Retained earnings<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">104,335<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">124,044<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">18,282<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Accumulated other comprehensive loss<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(998<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(4,459<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(657<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total Lucas GC Limited shareholders\u2019 equity<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>311,285<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>607,533<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>89,541<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Non-controlling interests<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,818<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,965<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">437<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total shareholders\u2019 equity<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>314,103<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>610,498<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>89,978<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>TOTAL LIABILITIES AND SHAREHOLDERS\u2019 EQUITY<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>453,837<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>848,441<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>125,045<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\"><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"13\" style=\"text-align: center ;  vertical-align: middle; \"><strong>LUCAS GC LIMITED<br \/>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME<br \/>(All amounts in thousands, except for share and per share data, or otherwise noted)<\/strong><strong><br \/><\/strong><strong><br \/><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"10\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>For the six months ended June 30,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(Unaudited)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(Unaudited)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:61%; width:61%; min-width:61%;;vertical-align: bottom ; \"><strong>Revenues<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Recruitment service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31,806<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">26,266<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,828<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Outsourcing service<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">334,471<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">213,656<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31,134<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Others<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,613<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5,363<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">782<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total revenues<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">386,890<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">245,285<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">35,744<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Cost of revenues<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(256,355<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(158,392<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(23,081<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Gross profit<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>130,535<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>86,893<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>12,663<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Operating expenses<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Selling and marketing expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(30,562<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(19,204<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,798<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">General and administrative expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(38,798<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(17,807<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,595<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Research and development expenses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(45,881<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(24,017<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,500<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total operating expenses<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(115,241<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(61,028<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(8,893<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Income from operations<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>15,294<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>25,865<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3,770<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Other expenses<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Financial expenses net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(325<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,402<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(204<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Other (expenses) income, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(89<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">13<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total other expenses, net<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(414<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(1,389<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(202<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Income before income tax benefit (expenses)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>14,880<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>24,476<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3,568<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income tax benefit (expenses)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">6,613<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(4,620<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(673<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Net income<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>21,493<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>19,856<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,895<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Less: net income attributable to non-controlling interests<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(159<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(147<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(21<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Net income attributable to Lucas GC Limited\u2019s ordinary shareholders<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>21,334<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>19,709<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,874<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Net income<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>21,493<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>19,856<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,895<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Other comprehensive income:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Foreign currency translation difference, net of tax<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(506<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,461<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(504<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Total comprehensive income<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,987<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">16,395<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,391<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Less: total comprehensive income attributable to non-controlling interests<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(159<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(147<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(21<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Comprehensive income attributable to Lucas GC Limited<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>20,828<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>16,248<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,370<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Earnings per share for Class A and Class B ordinary shares:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Basic<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">10.55<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.58<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.08<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Diluted<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">10.55<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.58<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.08<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Weighted average number of Class A and Class B ordinary shares outstanding used in calculating basic and diluted earnings per share:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Basic<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,022,399<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">34,171,619<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">34,171,619<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Diluted<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,022,399<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">34,171,619<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">34,171,619<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\"><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"30\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>LUCAS GC LIMITED<br \/>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS\u2019 EQUITY<br \/>(All amounts in thousands, except for share and per share data, or otherwise noted)<\/strong><strong><br \/><\/strong><strong><br \/><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Ordinary<br \/>Shares<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Treasury<br \/>Stock<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Subscription<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Additional <br \/>paid-in<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Statutory<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Accumulated <br \/>(deficit)\/<br \/>Retained<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Accumulated <br \/>other <br \/>comprehensive<br \/><\/strong><strong>(loss)\/<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Total Lucas<br \/><\/strong><strong>GC Limited<br \/><\/strong><strong>shareholders\u2019<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Non-<br \/><\/strong><strong>controlling<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Total <br \/>shareholders\u2019<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:16%; width:16%; min-width:16%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:5%; width:5%; min-width:5%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Share<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:5%; width:5%; min-width:5%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:5%; width:5%; min-width:5%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Share<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:5%; width:5%; min-width:5%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Amount<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>receivables<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>capital<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:5%; width:5%; min-width:5%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>reserve<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>earnings<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>income<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>equity<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>interests<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; width:6%; min-width:6%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>equity<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>Balance as of December 31, 2024<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>1,986,677<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:2%; min-width:2%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,406<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:3%; min-width:3%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(856<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:5%; min-width:5%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(3<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; min-width:6%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>142,828<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:4%; min-width:4%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>23,271<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:11%; min-width:11%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>97,118<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:11%; min-width:11%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>472<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:6%; min-width:6%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>262,833<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:5%; min-width:5%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,745<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:7%; min-width:7%;;border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>265,578<\/strong><\/td>\n<td style=\"max-width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">21,334<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">21,334<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">159<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">21,493<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Sale of public shares through public offering, net of offering cost<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">803,750<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">40,140<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">40,140<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">40,140<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Foreign currency translation<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(506<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(506<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(506<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Balance as of June 30, 2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,790,427<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,406<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(856<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(3<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>182,968<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>23,271<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>118,452<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(34<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>323,801<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,904<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>326,705<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Balance as of December 31, 2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,790,404<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>3<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,406<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(856<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(3<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>182,968<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>25,836<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>104,335<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(998<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>311,285<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,818<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>314,103<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19,709<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19,709<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">147<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19,856<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Sale of ordinary shares through private placement<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">40,000,000<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">54<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">279,946<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">280,000<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">280,000<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Foreign currency translation<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,461<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,461<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,461<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Balance as of June 30, 2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>42,790,404<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>57<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,406<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(856<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(3<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>462,914<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>25,836<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>124,044<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(4,459<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>607,533<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2,965<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>610,498<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">*The shares and per share information are presented on a retroactive basis to reflect the reorganization, the stock consolidation on October 13, 2025 and the dual-class share structure.<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"10\" style=\"text-align: center ;  vertical-align: middle; \"><strong>LUCAS GC LIMITED<br \/>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<br \/>(All amounts in thousands, except for share and per share data, or otherwise noted)<\/strong><strong><br \/><\/strong><strong><br \/><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>For the six months ended June 30,<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2026<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:64%; width:64%; min-width:64%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>RMB<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"max-width:10%; width:10%; min-width:10%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>US$<\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(Unaudited)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"4\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(Unaudited)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Cash flows from operating activities:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net income<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">21,493<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19,856<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,895<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Adjustments to reconcile net income to net cash provided by operating activities:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Depreciation and amortization<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5,691<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">9,787<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,426<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Amortization of right-of-use assets<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">207<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">26<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Allowance for expected credit losses<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,162<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,228<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">470<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Fair value (gains) losses on short-term investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(18<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">33<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Changes in operating assets and liabilities:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Accounts receivable<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">10,671<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(76,913<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11,208<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Advance to suppliers, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,238<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(44,471<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(6,480<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Prepaid expenses and other current assets<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(4,976<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,115<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(162<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Deferred tax assets, net<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(6,613<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,620<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">673<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Accounts payable<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(18,674<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">74,923<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">10,918<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Contract liabilities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(8,063<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">17,261<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,515<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income tax payables<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Operating lease liabilities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(254<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">99<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">14<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Accrued expenses and other current liabilities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">485<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,012<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">147<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Net cash provided by operating activities<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>4,349<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>8,345<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>1,217<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Cash flows from investing activities:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Purchases of software and equipment<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(29,494<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(6,604<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(962<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Addition to development expenditures<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(19,200<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(23,585<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,437<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Maturities of short-term investments<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,396<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Deposits for investment in partnership entities<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(21,491<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(279,413<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(40,717<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Net cash used in investing activities<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(68,789<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(309,602<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(45,116<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Cash flows from financing activities:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Proceeds from short-term borrowings<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">55,000<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">47,000<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">6,849<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Repayments of short-term borrowings<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(31,670<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(44,000<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(6,412<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Payments of offering costs related to followed-on offering<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,306<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Repayments to a related party<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,300<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Advance from a related party<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,824<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">266<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Sale of public shares through public offering<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">43,644<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Sale of ordinary shares through private placement<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">280,000<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">40,802<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Net cash provided by financing activities<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>63,368<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>284,824<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>41,505<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Effect of exchange rate changes on cash and cash equivalents<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(507<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(3,455<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>(405<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net decrease in cash and cash equivalents<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,579<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(19,888<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,799<\/td>\n<td style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Cash and cash equivalents at the beginning of period<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31,661<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">30,305<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,334<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Cash and cash equivalents at the end of period<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>30,082<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>10,417<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<td style=\"border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>1,535<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Supplemental disclosure of cash flow information:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Income tax paid<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">159<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Interest paid<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,014<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,482<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">216<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong>Supplemental disclosure of non-cash flow information:<\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Obtaining right-of-use assets in exchange for lease liability<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">&#8211;<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">211<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><img alt=\"\" src='https:\/\/ml.globenewswire.com\/media\/NzllNTkwMTUtMzZhNi00ZDIzLThlZWYtNDFlZjA3ZmQ0NDBmLTEzMDQ3MTgtMjAyNi0xMC0wNy1lbg==\/tiny\/Lucas-GC-Limited.png' referrerpolicy='no-referrer-when-downgrade' \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) &#8212; Lucas GC Limited (NASDAQ: LGCL) (\u201cLucas\u201d or the \u201cCompany\u201d), an artificial intelligence (the \u201cAI\u201d) technology-driven Platform-as-a-Service (the \u201cPaaS\u201d) company, applying such technologies in human resources and insurance industry verticals today announced its financial results for 1H fiscal year of 2026. 1H 2026 Financial Highlights Our revenue was [&#8230;]\n","protected":false},"author":1,"featured_media":85254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-86890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globe-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lucas GC Limited Announces 1H 2026 Financial Results: Revenue at US$35.74 million with 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