Hong Kong IPO disclosure precedents · 138 companies, 139 items
General related-party/connected transactions entered into in the track record, disclosed per the accountant's report, which are trade in nature and conducted on arm's-length or normal commercial terms.
During the Track Record Period, our transactions with related parties mainly consisted of (i) sales of goods; (ii) purchases of goods; (iii) leased out buildings to related parties, (iv) leased buildings from related parties; (v) provision of labor services and (vi) purchase of labor services.
Financial Information · p. 247
It is the view of our Directors that each of the related party transactions set out in Note 44 of the Accountants’ Report in Appendix I to this prospectus (i) was conducted on normal commercial terms and/or on terms not less favorable than terms available from Independent Third Parties, which are considered fair, reasonable and in the interest of our Shareholders as a whole; and (ii) does not distort our Track Record Period results or make our historical results not reflective of future performance.
Financial Information · p. 247
We have applied for, and the Stock Exchange has granted us, a waiver from strict compliance with certain requirements set out in Chapter 14A of the Listing Rules for certain continuing connected transactions.
Related party transactions are set out in Note 40 to the Accountants’ Report included in Appendix I, Our Directors confirm that these transactions were conducted in the ordinary and usual course of business and on an arm’s length basis, and they did not distort our results of operations or make our historical results not reflective of our future performance.
During the Track Record Period, save for Channel Partner A (the ''Relevant Channel Partner''), in which we held an approximately 3% equity interest, all of our channel partners were Independent Third Parties.
Business · p. 150
Our equity interest in the Relevant Channel Partner was a minority, passive investment and did not confer control or significant influence over the Relevant Channel Partner.
Business · p. 150
We held such minority interest in, and conducted business with, the Relevant Channel Partner primarily because, to the best of our Directors' knowledge after making reasonable enquiries, the Relevant Channel Partner possessed downstream customer resources that were complementary to our business and could facilitate the development of our customer base.
In 2024 and 2025, we entered into related party transactions of RMB65.2 million and RMB42.1 million, primarily relating to sales of autonomous mining trucks.
Financial Information · p. 239
The amount due from related parties of RMB9.9 million as of December 31, 2025 is non-trade in nature and is expected to be collected upon the Listing.
Financial Information · p. 233
Our Directors are of the view that each of the related party transactions was conducted in the ordinary course of business on an arm’s-length basis and with normal commercial terms between the relevant parties.
During the Track Record Period, we primarily conducted related party transactions with our associates, investee companies and entities controlled by our ultimate controlling party.
Financial Information · p. 226
Our Directors believe that our transactions set out in Note 36 to the Accountants’ Report in Appendix I during the Track Record were conducted in the normal course of business and on an arm’s length basis, and they did not distort our results of operations or make our historical results not reflective of our future performance.
We enter into transactions with our related parties from time to time.
Financial Information · p. 209
Our Directors are of the view that each of the related party transactions set forth in Note 34 of the Appendix I to this Document was conducted in the ordinary course of business and with normal commercial terms on an arm’s length basis between the relevant parties.
Financial Information · p. 209
Our Directors are also of the view that our related party transactions during the Track Record Period would not distort our track record results or cause our historical results to become non-reflective of our future performance.
We enter into transactions with our related parties from time to time.
Financial Information · p. 220
Our Directors are of the view that each of the related party transactions set out in Note 34 to the Accountant’s Report included in Appendix I to this document was conducted in the ordinary course of business on an arm’s length basis and with normal commercial terms between the relevant parties.
Financial Information · p. 220
Our Directors are also of the view that our related party transactions during the Track Record Period would not distort our track record results or cause our historical results to become non-reflective of our future performance.
During the Track Record Period, our transactions with related parties mainly included provision of certain research and development services to our associate company, guarantee provided by Ms. Cheong in respect of certain loan facility, guarantee provided by our Company in respect of repurchase obligation of Ms. Cheong pursuant to the shareholders’ agreement under Series B Financing, which had been terminated and considered void ab initio, and compensation paid to our key management personnel.
Financial Information · p. 255
It is the view of our Directors that each of the related party transactions set out in note 32 of the Accountants’ Report in Appendix I to this prospectus (i) were conducted on normal commercial terms and/or on terms not less favorable than terms available from Independent Third Parties, which are considered fair, reasonable and in the interest of our Shareholders as a whole; and (ii) do not distort our Track Record Period results or make our historical results not reflective of future performance.
Financial Information · p. 255
Our prepayments, deposits and other receivables as recognized under current assets increased from RMB8.1 million as of December 31, 2024 to RMB11.7 million as of December 31, 2025, primarily due to (i) an increase in deferred listing expenses of RMB3.7 million; (ii) prepayments for purchases of inventories; and (iii) the recognition of loans receivables from related parties of RMB1.0 million, reflecting the loans we provided to our associate for working capital purpose.
During the Track Record Period, we entered into the material related party transaction comprising key management personnel remuneration.
Financial Information · p. 257
Remuneration for key management personnel of our Group, including amounts paid to our Directors and supervisors, amounted to RMB16.0 million and RMB17.1 million in 2024 and 2025, respectively, comprising salaries, allowances and other benefits, discretionary bonuses, retirement scheme contributions and equity-settled share-based payments.
Financial Information · p. 257
Our Directors are of the view that such related party transactions and balances did not distort our track record results or cause our historical results to become non-reflective of our future performance.
During the Track Record Period, we have entered into a number of related party transactions, which primarily consisted of the purchase and sale of goods, provision and receipt of services, and leasing of properties with our associates and other related parties.
Financial Information · p. 264
During the Track Record Period, certain of our bank loans and issued bonds were guaranteed by related parties. All such guarantees had been fully released.
During the Track Record Period, we entered into certain transactions with our related parties.
Financial Information · p. 226
These transactions primarily include but are not limited to (i) compensation to our key personnel, (ii) guarantees provided by our subsidiaries with respect to certain banking facilities, (iii) sale of our products to our associates, (iv) purchase of goods from our associates, and (v) rental expenses paid to an associate.
Financial Information · p. 226
Our Directors confirm that our related party transactions did not cause any distortion of our results of operations or make our historical results not reflective in the Track Record Period.
In 2024 and 2025, we purchased site management services from one of our associates to facilitate our clinical study services, amounting to RMB1.0 million and RMB7.5 million, respectively.
Financial Information · p. 229
Our Directors believe that the transactions were conducted on normal commercial terms and on an arm's length basis in the ordinary and usual course of business and did not distort our results of operations or render our historical results not reflective of our future performance.
See Note 38 to the Accountants' Report set out in Appendix I to this Document for further details on our material related party transactions.
Financial Information · p. 228
Our Directors confirm that all transactions with related parties described in Note 38 of the Accountants' Report set out in Appendix I to this Document were conducted in the ordinary course of business on an arm's length basis and with on normal commercial terms and/or on terms not less favorable than terms available from independent third parties, which are considered fair, reasonable and in the interest of the Shareholders of our Company as a whole.
During the Track Record Period, we entered into certain transactions with our related parties.
Financial Information · p. 245
Our Directors confirm that each of the significant related party transactions during the Track Record Period was conducted on an arm’s length basis, and would not distort our results of operations over the Track Record Period or make our historical results not reflective of our future performance.
Our related party transactions during the Track Record Period primarily included sales of goods to Nanning Qingzhi.
Financial Information · p. 222
Our Directors are of the view that our related party transactions during the Track Record Period were conducted in the ordinary course of business at arm’s length with reference to normal commercial terms, and would not distort our track record results or make our historical results not reflective of our future performance.
Financial Information · p. 222
Included in deposits and other receivables is an amount due from an associate of RMB1.9 million, RMB3.0 million and nil, which is net of impairment of RMB0.1 million, RMB0.2 million and RMB3.1 million as of December 31, 2023, 2024 and 2025, respectively, which bears an interest rate at 4% per annum.
One of our Wholesale Customers during the Track Record Period was a company owned by the sister of Mr. Tse, which is a connected person of our Company (''Relevant Wholesale Customer'').
Business · p. 153
Sales to this Wholesale Customer were conducted on normal commercial terms and at prices comparable to other third-party customers, and amounted to HK$1.9 million, HK$6.7 million, HK$6.4 million and nil for FY2023, FY2024 and FY2025 and 8MFY2026, respectively.
Business · p. 153
Except for the Relevant Wholesale Customer, none of our Directors or any Shareholders who owns more than 5% of the share capital of our Company as at the Latest Practicable Date, nor any of their respective associates, had any interest, directly or indirectly, in any of our five largest customers or any of the Wholesale Customers for each year/period during the Track Record Period.
During the Track Record Period, we had entered into certain related party transactions, which mainly included purchase from related parties representing promotional services we procured.
Financial Information · p. 225
Our Directors confirm that all material related party transactions during the Track Record Period were conducted on an arm’s length basis, and would not distort our results of operations over the Track Record Period or make our historical results over the Track Record Period not reflective of our expectations for our future performance.
Our Directors are also of the view that all material related party transactions during the Track Record Period were conducted on normal commercial terms or on terms no less favorable to our Group than those available from independent third parties, are fair and reasonable and in the interests of our Shareholders as a whole, and would not distort our track record results or make our historical results not reflective of our expectations for our future performance.
Financial Information · p. 249
We will continue to engage in certain connected transactions after the [REDACTED].
Summary · p. 12
We have applied to the Stock Exchange for, and the Stock Exchange [has granted], a waiver to us under Rule 14A. 105 of the Listing Rules from strict compliance with the announcement, circular and independent Shareholders’ approval requirements.
Our Directors are of the view that each of the related party transactions set out in Note 33 to the Accountants’ Report included in Appendix I to this document was conducted in the ordinary course of business on an arm’s length basis and with normal commercial terms between the relevant parties.
Financial Information · p. 220
Our Directors are also of the view that our related party transactions during the Track Record Period would not distort our track record results or cause our historical results to become non-reflective of our future performance.
Substantially all of our balances with related parties were trade in nature during the Track Record Period. We expect that the balances with related parties that were non-trade in nature will be settled before the proposed [REDACTED].
Financial Information · p. 264
Our Directors are of the view that each of the related party transactions set out in Note 37 to the Accountant's Report included in Appendix I to this Document was conducted in the ordinary course of business on an arm's length basis and with normal commercial terms between the relevant parties.