BetterLife Holding Limited reported mixed interim results for the six months ended 30 June 2026.

Key operating metrics • Vehicles sold rose 11.1 % year-on-year to 9,229 units. • Average selling price fell 13.70 % to RMB 328,100. • Network comprised 19 luxury and ultra-luxury 4S dealerships and one showroom across seven provinces/municipalities.

Income statement highlights • Total revenue edged up 1.00 % to RMB 3.85 billion. – Vehicle sales revenue declined 4.10 % to RMB 3.03 billion, accounting for 78.6 % of revenue. – After-sales services revenue climbed 26.10 % to RMB 824.60 million, lifting its contribution to 21.4 % of the top line. • Gross profit surged to RMB 215.20 million from RMB 13.00 million a year earlier, expanding gross margin to 5.6 % from 0.3 %. • Other income fell 81.0 % to RMB 69.18 million, mainly on lower commission fees from value-added auto services. • Selling and distribution expenses increased 8.0 % to RMB 246.53 million and administrative expenses rose 10.6 % to RMB 116.47 million. • Finance costs decreased 10.1 % to RMB 26.76 million. • The Group recorded a net loss of RMB 107.34 million versus a profit of RMB 11.63 million in the prior-year period; net margin moved to –2.8 % from 0.3 %.

Cash flow and balance-sheet developments • Operating activities generated net cash of RMB 237.47 million (1H 2025: RMB 361.68 million). • Inventory rose 22.4 % to RMB 842.59 million; average inventory turnover lengthened to 38.1 days from 33.5 days. • Interest-bearing bank and other borrowings declined 7.9 % to RMB 854.39 million; debt-to-equity ratio eased slightly to 32.7 %. • Cash, cash equivalents, pledged deposits and restricted cash totaled RMB 816.90 million, down from RMB 909.10 million at end-2025.

Capital expenditure and commitments • Capex was RMB 52.19 million, sharply lower than RMB 699.70 million in 1H 2025. • Outstanding capital commitments stood at RMB 1.70 million.

Dividends • The board did not declare an interim dividend (1H 2025: nil).

Management commentary The company cited weaker consumer sentiment and a shift toward lower-priced models for the drop in average selling price and the consequent revenue contraction in vehicle sales. Strong growth in after-sales services supported gross margin improvement, but higher operating expenses and reduced commission income led to the interim loss.

BetterLife Holding intends to maintain a prudent capital structure and flexible expansion strategy, focusing on inventory discipline and selective dealership growth to navigate market volatility. No material subsequent events were reported up to 31 August 2026.