A：Yali Group Limited's strategic direction for capturing market trends includes leveraging its growing product portfolio to deliver market drivers, focusing on a more mature and urban digital ecosystem across the region, and looking for opportunities to extend its value and user base.

A：Recent achievements in Yali Group Limited's game distribution initiative include the collaboration with leading gaming studios for the distribution of New East, which is on track for a year-end release, and the successful acquisition and retention of mobile users.

A：Yali Group Limited is utilizing AI to serve as the intelligent backbone of content moderation and security, improve the accuracy of analyzing impacts and images, and detecting inappropriate content, as well as enhancing advertising and user acquisition efficiency through an in-house AI event orchestration engine.

A：As of November 7, 2025, Yali Group Limited has repurchased more than 7.7 million shares for a total of $51.9 million, fulfilling its full year 2025 repurchase commitment of $50 million ahead of schedule. With a remaining balance of approximately $48.6 million for share repurchases as of November 10, 2025, the company plans to maintain a similar level of share repurchases in the coming year.

A：The operational highlights for the third quarter in terms of user growth and engagement include an increase in average MAUs by 8.1% year over year to 3.4 million, supported by channel optimization and AI-driven innovations across the product portfolio, resulting in higher engagement and user stickiness.

A：The revenue growth of Real La's flagship products was contributed by engaging online activities, retargeted campaigns, and events such as the successful test quarterly of the original As event series, 'Carnival,' with record higher revenue growth, and '101 Okl Love' delivering its highest quarter revenue ever in the third quarter.

A：The CEO's statement signifies the company's immense pride in its achievements over the past year, emphasizing the deep capture of user feedback in the Mena region and directness in product innovation as key drivers of sustained growth.

A：Yola returned a total of $51.9 million to shareholders through its share repurchase program in 2025.

A：Operating income was $33.8 million, a 3.9% increase from $32.5 million in the same period last year. Interest income was $6.3 million compared with $7.8 million in the same period last year. Investment income was $2.2 million compared with $0.1 million in the same period last year.

A：The revenue outlook for the fourth quarter of 2025 is expected to be between $78 million and $85 million.

A：The flagship products have received positive user feedback in markets like Europe and North America. In South America, where the company has had a strong performing market for years, it gained valuable cross-market experience. The products support 8 languages, allowing for a diverse user base worldwide. The Middle East remains a key strategic region, and the company is actively expanding into new markets while maintaining focus on core engagement in established ones.

A：The company's view on the future performance of its flagship products is optimistic, with both titles achieving significant press reviews and operational activities in the recent quarter. Features such as a new mini-games module and a new Versus 1 mode have enriched user entertainment and driven community engagement to new heights. Looking ahead, the company expects both mature products to remain stable in terms of business scales and plans to introduce new features and strengthen operational activities and initiatives to pursue incremental growth.

A：The company has successfully completed the previous share repurchase commitment of $50 million for the year 2025, having repurchased over 7.7 million ADS for an aggregate amount of $51.9 million. As of November 7, 2025, the remaining shares have been fully canceled. For the upcoming year, the company plans to maintain a similar level of share repurchase as in 2025, with an expectation to execute the 150 million US dollar share repurchase plan within the year of 2026. The company prioritizes shareholder interest and seeks to maximize shareholder value through an optimized return strategy.

A：The company's outlook for Q3 and Q4 of 2026 suggests that full year 2025 revenue will be broadly in line with or exhibit low single-digit growth compared to 2024. The contribution from new candidates is expected to be limited in the fourth quarter. On profitability, the full year 2025 net margin is anticipated to reach about 40%. For 2026, the company expects investment trends to follow a similar pattern to 2020-2025, assuming consistent market conditions. It will dynamically adjust investments based on new product performance while maintaining a healthy financial outlook. The company will continue to invest in innovative business initiatives to ensure long-term growth and stable profitability through refined operations.