As of June 30, 2026, the aggregate revenue generated from such distributors amounted to RMB201.7 million, RMB266.1 million, RMB306.9 million and RMB153.3 million in 2023, 2024, 2025 and for the six months ended June 30, 2026, representing 1.1%, 1.3%, 1.5% and 1.4% of our total revenue for the same periods, respectively
Business · p. 145
In aggregate, the revenue generated from the abovementioned distributors amounted to RMB230.3 million, RMB380.3 million, RMB426.9 million and RMB205.9 million in 2023, 2024, 2025 and for the six months ended June 30, 2026, representing 1.3%, 1.9%, 2.1% and 1.9% of our total revenue for the same periods, respectively.
Business · p. 146
The abovementioned distributors were engaged following the same standards as other distributors, becoming our distributors based on their qualifications and capabilities, and the salient terms of their distribution agreements are consistent with those of other distributors' distribution agreements.
Shanghai Jiebote is a limited partnership whose general partner is ultimately controlled by Mr. He Yan, a non-executive Director of the Company.
Financial Information · p. 230
The consideration was determined through arm's length negotiations and was consistent with the valuation and commercial terms offered to independent third-party sellers in the same transaction batch.
Financial Information · p. 230
Our Directors are of the view that these related party transactions were conducted on normal commercial terms and an arm's length basis.
Our Company co-invested with our Controlling Shareholders’ close associates, namely Innovation Group and Innovation New Material, in the Saudi Project.
Summary · p. 4
Our Directors believe that the co-investment into the Saudi Project is beneficial to the Company and our Shareholders as a whole and does not indicate any undue reliance on, or direct competition with, our Controlling Shareholders’ close associates.
We provided testing services to our Controlling Shareholder. In FY2021, FY2022, FY2023 and 6M2024, the transaction amounts were RMB200, nil, RMB85,000 and RMB43,000.
Financial Information · p. 344
Two loans with principal amounts of RMB3.75 million and RMB4.1 million were granted to Xinyi Xinye in January 2023 and March 2023, respectively.
Financial Information · p. 344
In December 2023, the loans and interest were fully repaid.
we recognized RMB5.6 million, RMB6.0 million, and RMB0.7 million in 2021, 2022 and the four months ended April 30, 2023, respectively, for the expenses of the share-based payment for her compensation according to the accounting standard.
Financial Information · p. 399
It is the view of our Directors that our related party transactions during the Track Record Period (i) were conducted in the ordinary and usual course of business and on normal commercial terms between the relevant parties, and (ii) do not distort our Track Record Period results or make our historical results not reflective of future performance.