Hong Kong IPO disclosure precedents · 3 companies, 3 items
Convertible loan notes or similar debt instruments designated as financial liabilities at fair value through profit or loss, with fair-value movements and growing carrying amounts over the track record.
The convertible loan notes contain two components, the debt component and derivative component.
Financial Information · p. 263
Change in fair value | 5,263 | 30,152 | 9,472
Financial Information · p. 263
The company's explanation, the adviser's view and the page in the filing: see MattersCarrying amount at the end of the year/period | 128,276 | 178,428 | 187,900
Financial Information · p. 263
Our effective rate increased from 20.3% for the nine months ended December 31, 2024 to 62.4% for the nine months ended December 31, 2025, mainly due to the influence of the fair value change of derivative liabilities amounting to USD118.2 million, which was related to the Convertible Notes, on our income before taxes.
Financial Information · p. 229
The conversion feature is classified as equity if the conversion results in a fixed amount of Shares being exchanged for a fixed amount of cash. Otherwise, the conversion feature is classified as a derivative liability.
Financial Information · p. 222
The company's explanation, the adviser's view and the page in the filing: see MattersWe define adjusted net income as net income adjusted by excluding certain non-cash items, items subject to volatility resulting from factors unrelated to our core operations in the corresponding period, and items that will settle in future periods, including impairment adjustments and reversal, foreign exchange gain or loss, dilution gain or loss, share-based compensation, share of gain or loss of associates, gain or loss on fair valuation of derivative liabilities, gain or loss on investments, and expenses that are unrelated to our normal operations and are not expected to continue.
Financial Information · p. 223
Our convertible loan notes increased from RMB390.6 million as of December 31, 2021 to RMB417.0 million as of December 31, 2022, primarily due to an increase in their fair value.
Financial Information · p. 379
The company's explanation, the adviser's view and the page in the filing: see MattersOur convertible loan notes decreased from RMB417.0 million as of December 31, 2022 to nil as of December 31, 2023, primarily because we repaid our convertible loan notes in 2023.
Financial Information · p. 379