THE ANNOUNCEMENT OF 'PREMIUM NEXUS' JSC

The Company's Board of Directors resolved to inform shareholders and potential investors about the Company's profitability. This decision follows a preliminary review of the Company's unaudited consolidated management accounts and currently available information.

During the first quarter of 2024, the Company operated with a net loss of 0.8 percent, approaching the breakeven point. Consequently, expectations were raised that the Company would achieve profitability by the end of 2024. As of the second quarter, the Company's operations have further improved, leading to an earlier-than-expected realization of profitability. The consolidated financial statements for the first half of the year are expected to reflect a total net profit in the range of MNT10-11 billion.

The Company's management has been implementing strategic initiatives focused on developing robust infrastructure, enhancement of convenience business ecosystem partnerships, and fostering a corporate culture that meets international standards. In 2023, it was announced that CU had reached a critical mass in the number of stores, and these efforts are now yielding tangible results.

It is important to note that business profitability is significantly influenced by external factors such as climate, market competition, a stable macroeconomic environment, and household consumption levels. The potential impact of these factors on profitability, whether positive or negative, remains considerable.

Please be aware that the profitability estimates provided are based solely on the Company's internal unaudited consolidated financial results and currently available information. These figures have not been verified by any independent auditing firms or other regulatory bodies.

Further details regarding the Company's operations and performance will be included in the forthcoming semi-annual report.

"Mongolian Stock Exchange" JSC does not bear any responsibility related to this statement, and the Issuer is responsible for the accuracy of the information.

MONGOLIAN STOCK EXCHANGE