Hong Kong IPO disclosure precedents · 255 companies, 282 items
a director, shareholder or their associates has an interest in a top-five customer or supplier, or a major customer / supplier is a shareholder or former employee's entity
Customer B is a subsidiary of one of our Shareholders, and such shareholder owned less than 5% of our issued share capital as of the Latest Practicable Date.
Business · p. 172
As of the Latest Practicable Date, none of our Directors, their associates or any of our Shareholders (who or which to the knowledge of the Directors owned more than 5% of our issued share capital) had any interest in any of our five largest customers in each year during the Track Record Period.
Supplier H has advised us to complete the Series E financing.
Business · p. 207
Supplier H is the general partner of certain [REDACTED] Investors, being Aile Zhide, Xiade Investment, Yide Investment and Linde Investment.
Business · p. 208
Save for the above, all our top five suppliers in 2024 and 2025 are Independent Third Parties, and none of our Directors, their respective associates or any Shareholder who, to the knowledge of our Directors, owned more than 5% of our issued share capital immediately following the completion of the [REDACTED] (assuming the [REDACTED] is not exercised) had any interest in any of our five largest suppliers during the Track Record Period.
During the Track Record Period and up to the Latest Practicable Date, to the best of our knowledge, except for Geely Related Group, Customer B and Customer F, being associates of Mr. Li Shufu, none of our Directors, their associates or any of our shareholders (who owned or, to the knowledge of our Directors, had owned more than 5% of our issued share capital) had any interest in any of our five largest customers.
Summary · p. 6
To the best knowledge and belief of our Directors, Customer B and Customer F are associates of Mr. Li Shufu, the ultimate beneficial owner of Geely Related Group, who holds more than 30% equity interest in each of Customer B and Customer F.
While the controlling shareholder of Xin Zhifeng, one of our Shareholders, holds certain equity interest in Customer F, none of our Directors and their close associates or any of our current Shareholders (who, to the knowledge of our Directors, own more than 5% of our share capital) has any interest in any of our top five customers in each year during the Track Record Period that is required to be disclosed under the Listing Rules.
Summary · p. 4
While the controlling shareholder of Xin Zhifeng, one of our Shareholders, holds certain equity interest in Customer F, none of our Directors and their close associates or any of our current Shareholders (who, to the knowledge of our Directors, own more than 5% of our share capital) has any interest in any of our top five customers in each year during the Track Record Period that is required to be disclosed under the Listing Rules.
We hold 40% of interest in Customer G. Saved as this customer, none of our Directors, their close associates or any Shareholders which, to the knowledge of our Directors, owns more than 5% of our share capital as of the Latest Practicable Date, has any interest in any of our five largest customers.
Bosch is one of our shareholders holding 3.63% of our H Shares as of the Latest Practicable Date.
Business · p. 187
To the best of our knowledge, except for Bosch, all of our five largest suppliers during each year/period of the Track Record Period are Independent Third Parties.
Business · p. 180
As of the Latest Practicable Date, Bosch had not established similar collaborations with other intelligent connected vehicle solution providers in China.
During the Track Record Period, to the best knowledge of our Directors, none of our Directors, their associates or any of our current Shareholders (who, to the knowledge of our Directors, own more than 5% of our share capital) had any interest in our five largest customers or suppliers (except for PSMC) in any period during the Track Record Period that are required to be disclosed under the Listing Rules.
Summary · p. 4
(ii) PIHC, a shareholder of PSMC, is also an indirect shareholder of our Group, further strengthening the business ties between both parties;
To the best of our knowledge, other than ZF ADAS BU, affiliated to our shareholder ZF Holdings B.V., all of our five largest suppliers in each year 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 year during the Track Record Period.
Business · p. 152
Procurement through ZF ADAS BU aligned with industry practice and was commercially necessary to our business. All transactions with ZF ADAS BU were conducted on an arm’s length basis and on normal commercial terms.
one trading partner of a subsidiary newly acquired in December 2025 which primarily produces and sells high-temperature thin-film platinum resistance temperature chips, is controlled by a director of this subsidiary (such trading relationship pre-existed our acquisition of this subsidiary, and the scale of this subsidiary is immaterial to the overall operations of the Group)
To the best of our knowledge, during the Track Record Period and up to the Latest Practicable Date, except for Supplier G, all of our remaining four largest suppliers in each year during the Track Record Period were Independent Third Parties.
Business · p. 161
Supplier G is our associate company incorporated in Vietnam, primarily engaging in the production and sale of SPC, LVT and EPC flooring and wall panel products.
As of the Latest Practicable Date, except for one supplier, who is a connected person of one of our Directors and was our fifth-largest supplier in 2023, all of our major customers and suppliers were Independent Third Parties and none of our Directors, their close associates or any of our Shareholders (who owned, or to the knowledge of our Directors, had owned more than 5% of our issued share capital) had any interest in any of our major customers or suppliers in each year during the Track Record Period.
Business · p. 136
Our Directors further confirmed that all of our transactions with this aforementioned supplier were conducted in the ordinary course of business under normal commercial terms and on an arm’s length basis.
To the best of our knowledge, other than our connected person as disclosed in the section titled "Connected Transactions", all of our five largest customers in each year during the Track Record Period are independent third parties.
Business · p. 164
To the best of our knowledge, other than Geely Group (in its capacity as a supplier), all of our five largest suppliers in each year 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 year during the Track Record Period.
Business · p. 171
We do not anticipate any continuing connected transactions with Geely Holding Group (in its capacity as a supplier) following the [REDACTED].
Purchases of carbon-containing industrial off-gas from our connected persons for each year during the Track Record Period accounted for 64.6%, 67.8% and 59.0% of our total purchases of carbon-containing industrial off-gas for the respective year.
Summary · p. 5
During the Track Record Period, except for Shougang Jingtang, none of our Directors, Supervisors, their respective associates or any of our Shareholders (who owned or, to the knowledge of our Directors, had owned more than 5% of our Shares) had any interest in any of our five largest suppliers for each year during the Track Record Period.
Revenue generated from these five distributors for each of the years ended December 31, 2023, 2024 and 2025 accounted for 10.2%, 15.1% and 3.2% of our distributorship revenue during the same years, respectively.
Business · p. 136
For each year during the Track Record Period, our sales to LanzaTech Group accounted for 2.7%, 6.7% and 16.0%, respectively, of our total revenue, and our purchases from LanzaTech Group accounted for 0.0%, 0.6% and 0.6%, respectively, of our total purchases.
To the best of our knowledge, save for CMS (康哲), a reputable pharmaceutical company with decades of track record in supply of pharmaceutical products, all of our five largest suppliers for each period during the Track Record Period were independent third parties, and none of our Directors, their respective associates, or any Shareholders (which to the best knowledge of our Directors owned more than 5% of our share capital as at the Latest Practicable Date), has any interest in any of our five largest suppliers for each period during the Track Record Period.
Business · p. 165
During the Track Record Period, the pricing and other terms of our purchases from CMS were negotiated on arm’s length basis.
In 2023 and 2024 and up to January 20, 2025, Chery Group was our connected person as it remained the controlling shareholder of Chery (which wholly owns Chery Technology) until that date.
Business · p. 120
As of the Latest Practicable Date, save for Chery, which indirectly owns a 14.56% equity interest in our Company through Chery Technology, all the other top five customers in each year during the Track Record Period were Independent Third Parties.
Benefiting from such successful cooperation, and to further expand our online self-operated channels, we planned to deepen the collaboration by investing in Customer D and acquired a 60% equity stake in Customer D, making it a subsidiary in June 2019.
Business · p. 169
In addition, certain of our major customers have shared presence in the 3D printing and cross-border e-commerce industries, and there have been historically or currently overlaps in shareholding, management personnel and supervisors among Customer D, Customer B and Customer F, primarily due to co-entrepreneurship and personnel mobility in the industry.
Business · p. 169
Nonetheless, Customer D, Customer F, and Customer B maintain independent assets, operations, personnel, finances, and organizational structures, and operate independently without any subordinate or unified management relationship.
Image Frame Investment (HK) Limited, an entity controlled by Tencent Holdings Limited, is our substantial shareholder.
Summary · p. 12
Certain entities affiliated with Tencent Group were also our customer or supplier during the Track Record Period.
Summary · p. 12
Except for certain entities affiliated with Tencent Group, all of our top five suppliers in each period during the Track Record Period were Independent Third Parties.
During the Track Record Period, we purchased R&D and clinical-related services in our ordinary course of business from Hangzhou Tigermed and MabPlex, who were among our five largest suppliers, and such transactions were conducted on an arm’s length basis.
Summary · p. 6
As of the Latest Practicable Date, to the best of our knowledge, save for Hangzhou Tigermed and our Non-executive Director, Wang Yanbing, who held an equity interest below 1% in MabPlex, none of our Directors, their respective close associates or any Shareholder who owned more than 5% of our issued share capital had any interest in any of our five largest suppliers in each year during the Track Record Period.
One of the controllers of Smart Digital Media Co., Limited is a brother of a member of our senior management.
Summary · p. 7
Our revenue generated from sales to Smart Digital Media Co., Limited was RMB14.1 million, RMB251.3 million and RMB574.9 million in 2020, 2021 and 2022, respectively.
Business · p. 181
Other than the sales transactions set out above, there was not any other transactions or fund flows or sharing of resources between our Group and Smart Digital Media Co., Limited.