In December, Xincheng Innovation joined over 500 industry leaders at the 2025 eBay Auto Parts Seller Summit in Xiamen, themed "Drive the Future, Power the Globe". At the annual awards ceremony, we received two top honors: the Traffic Pioneer Award and the Glory Star Award.

• The Traffic Pioneer Award recognizes our strength in data-driven marketing and refined operations, capturing platform traffic trends to deliver sustained, healthy business growth.
• The Glory Star Award rewards our long-term focus on professional operations, quality standards and superior user experience, building us into a trusted brand in the cross-border auto parts sector.

The summit also mapped out 2026 market opportunities. The global aftermarket auto parts market has surpassed $2.3 trillion. Driven by vehicle aging and rising e-commerce penetration, it creates historic growth potential for Chinese sellers with strong supply chain and operational advantages.

• US market: Our core stronghold, with robust demand for high-value, high-barrier heavy parts and core components.
• European market: Fast-expanding blue-ocean opportunities across multiple sites and categories, from basic repairs to custom modifications.

eBay also launched its 2026 Renewal Support Program, providing full-cycle empowerment covering trend insights, tiered incentives and operational efficiency upgrades. This reinforces our 2026 strategy: consolidate our leading position in the US, and unlock new growth in Europe.

Committed to a long-term approach, we will continue to deepen supply chain capabilities, optimize operations and elevate global customer experience. Going forward, we will partner with eBay to accelerate our growth in the global auto parts track.