The new store opening and multi-category recycling capability upgrade are both on track. The net increase of 5 self-operated AHS stores in June mainly happened in core commercial areas of high-tier cities. These new stores, which acquire used consumer electronics, luxury bags and watches, and gold and accessories from individuals, reflect AHS Recycle’s commitment to circulate more pre-owned products. There was a net increase of 9 standard franchise stores during the month. In addition, AHS Recycle adjusted some shop-in-shops and set up new touchpoints in low-tier cities in northern China.

On June 16th, PJT Marketplace set its 48-hour sales guarantee live for certified POP (platform open plan) sellers who have passed the thresholds of transaction volume and platform credit rating. Pre-owned mobile phone products that meet the requirements for model, grade, and condition can enjoy such a guarantee. Sellers can enjoy advanced efficiency in capital turnover according to the confirmed guaranteed selling price.

On June 30th, AHS Recycle, the C2B recycling brand of ATRenew, officially appeared on Apple's official website and flagship stores in mainland China, opening up the back-end supply chain to Apple’s Trade In and Upgrade programs. AHS Recycle provides attractive recycling prices for its partners’ trade-in programs to better meet consumer demand for premium new smartphones with ease. This shall also satisfy consumers’ pursuit of the betterment of life and green consumption.

On June 20th, ATRenew released its annual environmental, social and governance report for the third consecutive year, presenting the overall performance to its stakeholders and highlighting improvements in respective areas. On the environment, greenhouse gas emission intensity associated with the purchase of electricity (scope 2) continued to decrease since ATRenew first disclosed it in the 2020 report. In 2022, ATRenew oversaw the responsible recycling and green disposal of waste electronic devices totaling 270,000 units, reducing 43.2 tons of e-waste. It also reused 18 tons of packaging fillers for B2B businesses and 36,000 cardboard boxes for B2C businesses. On social, ATRenew obtained ISO 9001 quality management system certification. The Company remained committed to recruiting and training talents, provided themed training sessions to over 8,000 merchant users of PJT Marketplace, and donated a cumulative amount of RMB1 million to charity programs during the reporting period. On governance, the Company further enhanced its risk and incident management capabilities. In addition, it rolled out internal audits and rectified 90% of the defects. As for top-down management, the board of directors was further diversified, leading to 37.5% independent directors and 25% female composition as of June, 2023.

The China Chain Store and Franchise Association (CCFA) and a number of local life service organizations first jointly launched and conducted a survey, themed “2022 Top 100 Chain Store Businesses in Local Service Industry”, covering nearly 20 sub-sectors of local services. CCFA unveiled the list on June 15th during the CCFA New Consumer Forum. ATRenew was honored in the list as a representative from the recycling and maintenance industry.

On June 30th, Counterpoint, a tech industry research firm, released the “White Paper on China Premium Smartphone Market”. Despite the pressure on the overall smartphone industry, sales volume of China's high-end smartphones is on a rising trend. In 2022, China's high-end mobile phone shipment accounted for more than 26% of the overall market, while the market share of ultra-premium phones (wholesale price ≥ USD700) increased significantly compared with 2021. The competition around the ultra-premium market is becoming increasingly intense, where Apple still occupies over 70% of this specific segment.