Hong Kong IPO disclosure precedents · 5 companies, 5 items
Fatal work-related accidents (including deaths at operations or project sites, on business trips or at resort facilities) during the track record period, and associated administrative fines, compensation to families, insurance coverage and litigation/reputation risk.
Compliance matters are read from filings since 24 August 2026.
During the Track Record Period, there were two fatal accidents: (i) one in October 2024, caused by a malfunction of a lifting platform during the installation of lighting sensor lamps on a factory roof and the employee’s failure to follow prescribed operational procedures applying to such circumstances; and (ii) one in January 2026, caused by the employee’s failure to follow prescribed operational procedures.
Business · p. 167
As of the Latest Practicable Date, these incidents had been fully resolved and there had been no pending legal proceedings, enforcement actions or investigations related to these incidents.
During the Track Record Period, one of our subsidiaries was involved in a workplace accident at a project implementation site operated by a third party end customer in Shanghai, which resulted in one death and one injury and led to an administrative fine of RMB600,000 imposed on such subsidiary.
Risk Factors · p. 42
although our wholly-owned subsidiary, Shenzhen HAI Robotics, was imposed a fine of RMB600,000 by the competent authority in connection with the Incident, such penalty is not regarded as a material penalty in accordance with the provisions of applicable laws and as confirmed by the competent authority through interviews.
In December 2025, we experienced a work-related fatality involving the death of an employee in a traffic accident while on official business travel.
Business · p. 173
The incident did not result in any investigation or penalty. The incident has been recognized as a work-related injury by the Yulin City Human Resources and Social Security Bureau.
Business · p. 173
During the Track Record Period, the Company recorded a total of four work-related injury incidents, including three incidents recorded in 2023 (two resulting from cultural and sports activities and one occurring during official business travel) and one production operation incident recorded in 2024.
During the Track Record Period, we recorded one work-related fatality in 2023 and 2024, respectively.
Business · p. 172
In connection with the 2023 incident, the Emergency Management Bureau of Zhuji City imposed an administrative fine of RMB475,000 on us in May 2023, and the incident was determined by the competent authorities to be a general work safety incident, being the lowest grade of work safety incident under the applicable PRC classification.
Business · p. 172
In connection with the 2024 incident, the Emergency Management Bureau of Lanzhou New Area imposed an administrative fine of RMB500,000 on us in September 2024.