Lending, bills financing & guarantees

Hong Kong IPO disclosure precedents · 5 companies, 5 items

loans to or from third parties or related parties in breach of lending rules, loan 'turnover' arrangements, bills financing without genuine trade, guarantees

Compliance matters are read from filings since 24 August 2026.

2026-09-29Application ProofNon-compliance
DataCanvas Co., Ltd.北京九章云极科技股份有限公司

Our other receivables increased to RMB24.0 million as of June 30, 2026, primarily due to an increase in loans to third parties from RMB1.8 million as of December 31, 2025 to RMB5.1 million as of June 30, 2026, mainly attributable to a loan to a third party in connection with our strategic cooperation.

Financial Information · p. 216

For the six months ended June 30, 2026, our net cash used in investing activities was RMB19.7 million, mainly due to purchase of property, plant and equipment of RMB13.7 million and loans to third parties of RMB5.0 million.

Financial Information · p. 222
The company's explanation, the adviser's view and the page in the filing: see Matters
2026-09-13PHIPNon-compliance
Hunan Junxin Environmental Protection Co., Ltd.湖南军信环保股份有限公司

We recorded interest income on a loan to a third party in the three months ended March 31, 2026, primarily due to the collection of previously credit-impaired loans to a third parties acquired from Renhe Group.

Financial Information · p. 222

Interest income on a loan to a related party | – | – | 34 | – | 397 | 0.3 | 98 | 0.3 | 30 | 0.1

Financial Information · p. 222
The company's explanation, the adviser's view and the page in the filing: see Matters
2026-08-31ProspectusNon-compliance
Excelland Robotics (Wuxi) Co. Ltd.优地机器人(无锡)股份有限公司03231.HK

In FY2024, our net cash flows used in investing activities were RMB43.4 million, which was primarily attributable to (i) purchase of items of property, plant and equipment of RMB17.3 million and (ii) loans to related parties of RMB22.2 million income.

Financial Information · p. 266

In FY2025, our net cash flows used in investing activities were RMB33.6 million, which was mainly attributable to (i) purchase of property, plant and equipment of RMB28.6 million; (ii) loans to related parties of RMB30.7 million; (iii) purchase of financial assets at fair value through profit and loss, which represented our subscription of CB, and partially offset by the repayments of loans from related parties of RMB34.3 million.

Financial Information · p. 266

In 3M2026, our net cash flows used in investing activities were RMB6.9 million, which was mainly attributable to (i) purchase of property, plant and equipment of RMB3.0 million; and (ii) loans to related parties of RMB4.0 million.

Financial Information · p. 266
The company's explanation, the adviser's view and the page in the filing: see Matters
2026-08-28Application ProofCompliance confirmed
VivaVision Biotech (Zhejiang) Co., Ltd.维眸生物科技(浙江)股份有限公司

All of the amount due from the employee were unsecured loans in U.S. dollars, bearing interest rate of 1.26% per annum with no fixed repayment term and non-trade in nature.

Financial Information · p. 257

As confirmed by our PRC Legal Advisers, our loan agreement with such employee is binding and valid and the provisions therein do not violate the Provisions of the Supreme People’s Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases ( 《最高人民法院 關於審理民間借貸案件適用法律若干問題的規定》).

Financial Information · p. 257

All of the amounts due from a director were unsecured loans in RMB, bearing interest rate of 3.65% per annum with no fixed repayment term and non-trade in nature.

Financial Information · p. 259
The company's explanation, the adviser's view and the page in the filing: see Matters
2026-08-28Application ProofNon-compliance
Zhejiang Chint Electrics Co., Ltd.浙江正泰电器股份有限公司

As of December 31, 2023, 2024 and 2025 and June 30, 2026, the outstanding amount of our financial guarantee contracts was RMB3,193.8 million, RMB2,413.7 million, RMB2,342.8 million and RMB1,917.9 million, respectively.

Financial Information · p. 208

(1) joint and several liability guarantees provided by Chint Anneng in respect of bank loans obtained by certain individual customers to finance their purchases of residential photovoltaic equipment, a portion of which was supported by counter-guarantees provided by our service suppliers;

Financial Information · p. 208
The company's explanation, the adviser's view and the page in the filing: see Matters

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