Non-trade related-party balances and settlement

Hong Kong IPO disclosure precedents · 121 companies, 121 items

Non-trade receivables, payables, advances or funding balances with related parties or controlling shareholders during the track record, and whether they are settled or reduced before listing.

2023-02-27Prospectus

Logory Logistics Technology Co., Ltd.合肥维天运通信息科技股份有限公司02482.HK

As of September 30, 2022, our outstanding balance with related parties primarily consists of prepayments, other receivables and other assets of RMB204 thousand with Wuhu Luge, RMB155 thousand with Xinjiang Zhongya and RMB58 thousand with Qingkong Shoulu, and other payables and accruals of RMB400 thousand with Qingkong Shoulu.
Financial Information · p. 426

Such balances are non-trade in nature and are expected to be settled prior to the Listing.
Financial Information · p. 426

As of the Latest Practicable Date, all the personal guarantees provided by our Controlling Shareholders, Mr. Feng and Mr. Du to our Group were all released upon maturity of respective loan or agreed by relevant banks in advance, and all loans, advances and balances due to the Controlling Shareholders were fully repaid.
Financial Information · p. 426

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