Among our top five suppliers in each of 2022, 2023 and 2024, five were our customers.
Business · p. 212
The purchases from these overlapping customer-suppliers of the respective year in aggregate amounted to RMB522.7 million, RMB745.6 million and RMB794.0 million in 2022, 2023 and 2024, accounting for 6.3%, 7.9% and 8.6% of our total procurement in the same periods, respectively.
Business · p. 212
Negotiations of the terms of our sales to and purchases from these customer-suppliers were conducted on an individual basis, and the sales and purchases were not inter-conditional with each other.
During the Track Record Period, certain of our customers were also our suppliers (the "Suppliers/Customers"), to whom we primarily sold pharmaceuticals and medical consumables during the same years. As of December 31, 2022, 2023 and 2024, we had a total of 13, 12 and 20 Suppliers/Customer(s), respectively.
Business · p. 392
For the years ended December 31, 2022, 2023 and 2024, the purchase amount from these Suppliers/Customers was RMB15.0 million, RMB8.6 million and RMB15.5 million, respectively.
Business · p. 393
Our Directors confirm that negotiations of the terms of our sales to and purchases from the Suppliers/Customers were conducted on a case-by-case basis, and the products and services supplied to and products sourced from the Suppliers/Customers were neither inter-connected nor inter-conditional with each other.
During the Track Record Period, the total revenue and total purchase amount related to overlapped customers/suppliers, in aggregation, was less than 5% of our total revenue or total transaction amount with suppliers, respectively.
Business · p. 264
The Directors confirm that all of the Group's sales to and purchases from these overlapping customer-suppliers were conducted in the ordinary course of business under normal commercial terms and on arm's length basis.
In each year of the Track Record Period, among our five largest suppliers, Supplier B is our overlapping customer and supplier.
Business · p. 303
At Supplier B’s request, we sold one of our electronic components that Supplier B could assemble and incorporate into Supplier B’s own product into in-vehicle devices and sell to their own customers.
Business · p. 303
Our Directors confirm that all of our purchases from and sales to Supplier B were not inter-conditional, inter-related or otherwise considered as one transaction.
We may, from time to time, have overlapping suppliers and customers, which, according to the CIC Report, is a common practice for contract manufacturers and service providers in the precision engineering industry as raw material suppliers may also require precision engineering services for their own manufacturing equipment and/or products.
Business · p. 217
The revenue generated from Mega Valve and Fitting Pte Ltd amounted to approximately S$21,000 and S$1,300 for the years ended 31 December 2022 and 2023, respectively.
Business · p. 218
Our Directors confirmed that all of such transactions with Mega Valve and Fitting Pte Ltd during the Track Record Period were conducted in the ordinary course of business under normal commercial terms and on arm’s length basis.
The number of our overlapping customers and suppliers was nil, nil and six in 2021, 2022 and 2023, respectively.
Business · p. 474
Negotiations of the terms of our sales to and purchases from these overlapping customers and suppliers were conducted on an individual basis and the sales and purchases were neither inter-connected nor inter-conditional with each other.
Business · p. 474
Our revenue from these overlapping customers and suppliers in 2021, 2022 and 2023 was nil, nil and RMB0.7 million, respectively.
In 2022, Mobileye was also one of our top five customers.
Business · p. 295
For the year ended December 31, 2022, our revenue generated from Mobileye amounted to RMB6.6 million, accounting for 0.5% of our total revenue.
Business · p. 295
Our Directors confirmed that all of our sales to Mobileye and purchases from Mobileye were conducted in the ordinary course of business under normal commercial terms and on arm’s length basis.
Wuhan Tongrui Chengyi Cultural Media Company Limited (武漢通瑞誠益文化傳媒有限 公司) ("Wuhan Tongrui") was one of our advertising agent customers for FY2021 and was also our supplier for FY2020, FY2021, FY2022 and 4M2023.
Business · p. 264
Our Directors confirm that our services to or engagement of Wuhan Tongrui were entered into after due consideration taking into account the prevailing service fee and conducted in the ordinary course of business under normal commercial terms and on an arm's length basis.
Business · p. 264
Negotiations of the terms of our sales to and purchases from the Second Overlapping Customer and Supplier were conducted on an individual basis and the sales and purchases were neither inter-connected nor inter-conditional with each other.
Three of our major suppliers, namely Supplier A, Supplier B and Supplier H, were also our customers, mainly business-end customers of our third party automobile aftermarket service providers, during the Track Record Period, to which our Group provided automobile-related promotion services.
Business · p. 246
The amount of revenue from these suppliers for the years ended 31 December 2020, 2021, 2022 and the six months ended 30 June 2023 as our business-end customers were approximately RMB0.3 million, RMB0.5 million, RMB1.9 million and RMB0.01 million, respectively, representing 0.03%, 0.04%, 0.2% and 0.002% of our total revenue for the respective years/period, respectively.
Business · p. 246
Our Directors confirm that negotiations of the terms of our purchases from and sales to all the above mentioned entities were conducted on an individual basis and the terms of transactions with all these entities are similar to those transactions with our other customers or suppliers.
For the years ended 31 December 2020, 2021 and 2022, revenue from the provision of our engineering construction services to such company was approximately nil, nil and RMB14.3 million, representing approximately nil, nil and 1.0% of our total revenue, respectively.
Business · p. 283
Our purchase amount in relation to engineering construction services provided by such company for the years ended 31 December 2020, 2021 and 2022 amounted to RMB1.1 million, RMB11.1 million and RMB7.3 million, representing approximately 0.1%, 1.3% and 0.7% of our total purchase for the same years, respectively.
Business · p. 283
Our Directors have confirmed that our trade payables to and our trade receivables from the aforementioned engineering construction company were settled separately, and the relevant sales and purchases were neither inter-connected nor inter-conditional with each other.
For the years ended 31 December 2020, 2021 and 2022, revenue from the provision of our heat services to such company was approximately RMB7.0 million, RMB8.9 million and RMB11.4 million, representing approximately 0.5%, 0.7% and 0.8% of our total revenue, respectively.
Business · p. 283
Our purchase amount in relation to gas-fired boilers from such company for the years ended 31 December 2020, 2021 and 2022 amounted to nil, RMB23.7 million and nil, representing approximately nil, 2.7% and nil of our total purchase, respectively.
Business · p. 284
Our Directors have confirmed that our trade payables to and our trade receivables from the aforementioned urban development company were settled separately, and the relevant sales and purchases were neither inter-connected nor inter-conditional with each other.