JS Global Lifestyle : ANNOUNCEMENT ON THE FIRST QUARTERLY REPORT OF JOYOUNG CO., LTD. FOR THE THREE MONTHS ENDED MARCH 31, 2021

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JS Global Lifestyle Company Limited

JS 環球生活有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1691)

ANNOUNCEMENT ON THE FIRST QUARTERLY REPORT OF

JOYOUNG CO., LTD. FOR THE THREE MONTHS

ENDED MARCH 31, 2021

This announcement is made by JS Global Lifestyle Company Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Joyoung Co., Ltd. ("Joyoung") is a subsidiary of the Company and its shares are listed on the Shenzhen Stock Exchange (Stock Code: 002242). In compliance with the applicable regulations of Shenzhen Stock Exchange, Joyoung has published on April 30, 2021 its first quarterly report of 2021 on the website of Shenzhen Stock Exchange.

Please refer to the appendix to this announcement which set out the principal financial information of Joyoung for the three months ended March 31, 2021 prepared based on PRC Accounting Standards for Business Enterprises, and which are unaudited.

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APPENDIX

KEY FINANCIAL DATA AND INDICATORS FOR THE THREE MONTHS ENDED MARCH 31, 2021 (UNAUDITED)

	From	From
	January 1,	January 1,
	2021 to	2020 to
	March 31,	March 31,
	2021	2020	Change (%)
Operating revenue (RMB Yuan)	2,242,694,899.52	1,702,037,045.29	31.77%
Net profit attributable to shareholders
of Joyoung (RMB Yuan)	180,103,795.09	146,873,325.81	22.63%
Net profit attributable to shareholders
of Joyoung before non-recurring gains
and losses (RMB Yuan)	161,576,890.20	143,533,461.10	12.57%
Net cash flow from operating activities
(RMB Yuan)	-179,932,954.23	143,106,492.72	-225.73%
Basic earnings per share (RMB Yuan/share)	0.24	0.19	26.32%
Diluted earnings per share (RMB Yuan/share)	0.23	0.19	21.05%
			Increased by 0.28
Weighted average return on net assets	4.12%	3.84%	percentage point
	March 31,	December 31,
	2021	2020	Change (%)
Total assets (RMB Yuan)	8,621,160,146.97	9,134,826,691.51	-5.62%
Net assets attributable to shareholders
of Joyoung (RMB Yuan)	4,465,160,802.75	4,283,761,519.10	4.23%

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Non-recurring gain and loss items and amounts thereof
		Unit: RMB Yuan
	From
	January 1,
	2021 to
	March 31,
Item	2021	Note
Gains or loss from disposal of non-current assets
(including the write-off of the asset impairment provision)	108,899.57
Government grants included in the current profit or loss
(that is closely related to the operations of Joyoung,
except for those of fixed quotas or amounts according
to the nationally unified standards)	5,076,094.43
Gains or losses from changes in fair value arising from the
holding of trading financial assets, derivative financial
assets, trading financial liabilities and derivative financial
liabilities and investment income from disposal of
trading financial assets, derivative financial assets, trading
financial liabilities, derivative financial liabilities and other
debt investments, excluding the effective hedging business
related to Joyoung's normal business operations	19,838,743.14
Other non-operating income or expenses except the above items	-1,291,305.36
Less: Impact of income taxes	5,042,204.03
Impact of minority interests (after tax)	163,322.86
Total	18,526,904.89	-

Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.

By order of the Board

JS Global Lifestyle Company Limited

Wang Xuning

Chairman

Hong Kong, April 30, 2021

As at the date of this announcement, the board of directors of the Company comprises Mr. Wang Xuning, Ms. Han Run and Ms. Huang Shuling as executive directors, Mr. Hui Chi Kin Max, Mr. Stassi Anastas Anastassov and Mr. Mao Wei as non- executive directors and Dr. Wong Tin Yau Kelvin, Mr. Timothy Roberts Warner and Mr. Yang Xianxiang as independent non- executive directors.

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