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Hong Kong Exchanges and Clearing Limited and the Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . China Youzan Limited 中國 有 贊 有限公司 ( Incorporated in Bermuda with limited liability ) ( Stock Code : 8083 ) FIRST QUARTERLY RESULTS ANNOUNCEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2021 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED ( THE “ STOCK EXCHANGE " ) GEM has been positioned as a market designed to accommodate small and mid - sized companies to which a higher investment risk may be attached than other companies listed on the Main Board of the Stock Exchange . Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration . Given that the companies listed on GEM are generally small and mid - sized companies , there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM . This announcement , for which the directors ( the " Directors " ) of China Youzan Limited ( the " Company " , together with its subsidiaries , the " Group " , " Youzan " or " We " ) collectively and individually accept full responsibility , includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange ( the “ GEM Listing Rules ” ) for the purpose of giving information with regard to the Company . The directors , having made all reasonable enquiries , confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive , and there are no other matters the omission of which would make this announcement or any statement herein misleading . 1