During the Track Record Period and up to the Latest Practicable Date, save for Customer I which is a subsidiary within the Lionbridge Group, to the best of our Directors’ knowledge, (i) none of our Directors, their close associates, or any shareholder holding more than 5% of our share capital had any interest in our top five customers in each year during the Track Record Period
Business · p. 169
Customer I is a financial leasing company incorporated in 2012 with a registered capital of US$500.0 million and is a subsidiary within the Lionbridge Group.
Business · p. 171
The decrease in amounts due to related parties/subsidiaries was primarily because (i) the decrease in non-trade in nature due to software license fees to Apollo Intelligent Techniques (Beijing) Co., Ltd, which were paid in annual installments and fully settled in 2025 and (ii) the decrease in both current and non-current non-trade in nature to Lionbridge Financing Leasing (China) Co., Ltd. as we made repayments to the shareholders’ borrowings.
To the best knowledge of our Directors, as at the Latest Practicable Date, the father of Ms. Mai Jiayu, an executive Director and a deputy general manager of our Company, held 22% of equity interests in Customer C and was a supervisor of Customer C.
Business · p. 216
Customer J is directly wholly owned by Xinyi Xinhui, our substantial Shareholder.
Business · p. 216
To the best knowledge of our Directors, as at the Latest Practicable Date, the father and brother of Ms. Mai Jiayu, an executive Director and a deputy general manager of our Company, indirectly aggregately held 10% of equity interests in Customer M and the brother of Ms. Mai Jiayu was a director of Customer M.
Upon its establishment, Shanghai Yingxue was wholly-owned by our Company. In December 2019, our Company disposed of all interests in Shanghai Yingxue to an Independent Third Party. Shanghai Yingxue has ceased to be our subsidiary since then.
Business · p. 285
Except for Shanghai Yingxue, to the best of our knowledge, all of our five largest suppliers in each period during the Track Record Period are independent third parties and none of our Directors, their respective associates or any shareholder who, to the knowledge of such Directors, owned more than 5% of our issued share capital as of the Latest Practicable Date, has any interest in any of our top five suppliers in each period during the Track Record Period.