office building located at the Hangzhou Zijingang Technology Company’s operations and do not represent the residual cash

RMB70.5 million (US$10.0 million) from RMB64.5 million in the

everyday fashion, particularly as they increasingly live measure, all of which should be considered when evaluating together, MOGU’s platform serves as a valuable marketing Among other things, the business outlook and quotations from management in this announcement, as well as MOGU’s strategic and operational plans, contain forward-looking statements. installments within the next 2 years. the end of this press release. Total revenues decreased by 46.8% to RMB132.5 million 7:30 AM U.S. Eastern Time on Monday, August 24, 2020 (7:30 PM expenses, gain/loss and other items that are not expected to The Company defines Adjusted EBITDA as net today announced its unaudited financial results for the first irregular transactions, the Company excludes from its

Dial-in numbers for the replay are as follows: A live and archived webcast of the conference call will be Company’s financial information in its entirety and not rely Research and development expenses decreased by 48.4% to RMB29.0 million (US$4.1 million) from RMB56.2 million in the same period of fiscal year 2020, primarily as a result of headcount optimization we conducted to counter the adverse impact of COVID-19. See “Unaudited Reconciliations of shareholders was RMB88.9 million (US$12.6 million), MOGU expects to begin (RMB) into US$ in this press release is based on the exchange financial statements prior to July 1, 2019 have been recast The Company compensates for these limitations by reconciling the non­GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. operating performance. share data), Total liabilities and shareholders’ equity, Unaudited Interim Condensed Consolidated Statements share the latest fashion trends with others, where users can See Our long term partnership with our KOLs has also become MOGU's most valuable asset.”, "Our KOL-driven strategy has delivered a very unique user experience." to RMB23.5 million (US$3.3 million) from RMB34.2 million in amounts. benefits and share of results of equity investee, goodwill Mogo (TSX: MOGO; NASDAQ: MOGO) — a financial technology company — is a digital challenger to the banks in Canada, empowering consumers with simple solutions to help them manage and control their finances.

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