Strategic Roadmap and Sustainable Growth

Relatively Stable Non-GAAP Net Loss Non-GAAP Net Loss* (RMB MM) Non-GAAP Net Loss Margin -197 -216 3Q2020 (644) 3Q2021 (362) -15.6% -16.1% 3Q2020 (50.8%) 3Q2021 (26.9%) YSG 逸仙 Note: GAAP Net Loss (incl. share-based compensation and amortization of intangible assets) *Non-GAAP net loss is a non-GAAP financial measure, which is defined as net loss excluding (i) share-based compensation expenses, (ii) amortization of intangible assets resulting from assets and business acquisitions and (iii) tax effects on non-GAAP adjustments. 17

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