AHS Recycle newly set up 10 standard jointly operated stores in April, mainly in the core commercial districts of Changsha, Baoding and Harbin, among other cities. This was to further co-establish recycling and fulfillment capabilities in local markets. At the same time, there was a net increase of 17 shop-in-shops empowering digital business owners with recycling standards in a number of telecom and consumer electronics markets of Baoding, Shijiazhuang, Fuzhou and Hanzhong, etc.

PJT Marketplace recently upgrades its authorized quality inspection program - merchant sellers who keep their return rate lower than the marketplace’s official level, possess professional quality inspection personnel and equipment, and conduct full-process video recording are selected. The program carries out regular training, testing and spot-checks. Those who fail to comply with these requirements will be deauthorized. By upgrading the program, PJT Marketplace aims to further protect the rights and interests of buyers.

ATRenew filed its annual report on Form 20-F for the fiscal year ended on December 31, 2022, with the Securities and Exchange Commission (the “SEC”) on April 18, 2023. The annual report on Form 20-F can be accessed on the SEC's website at https://www.sec.gov and on the Company's investor relations website at https://ir.atrenew.com.

AHS Recycle launched the Cosmic Recycling Alliance, together with leading consumer brands in China. The alliance called for the protection of the Earth and advocated green lifestyles through activities such as recycling for gifts. At the same time, AHS Recycle cooperated with CapitaLand China to launch environmental protection campaigns in Chengdu, Xi'an and Shenzhen while providing consumers with eco-friendly electronics value-added services, multi-category recycling price coupons, and self-service recycling of used shoes and clothes.

On April 26, the Shenzhen Electronics Industry Association held a high-quality development forum for resource innovation industries, launched a professional committee for the electronic product refurbishment industry, and promoted the healthy, sustainable and stable development of the industry. The association also published group standards in many aspects such as general requirements for refurbishment, information disclosure, quality management and technical specifications. ATRenew participated as a leading corporate delegate in the formulation of the series of group standards.