In 2019, 2020 and 2021 and the nine months ended September 30, 2022, our purchase amount from our five largest suppliers in each year or period amounted to RMB511.6 million, RMB309.0 million, RMB105.0 million and RMB37.9 million, representing 15.3%, 7.1%, 1.8% and 0.9% of our total cost of revenue for the respective year or period.
Business · p. 260
Although the procurement cost for transportation services provided by truckers takes up a substantial share of our total procurement cost during the Track Record Period, our top suppliers are generally petroleum suppliers due to their relatively large size in comparison with the small amount of procurement cost we pay for each individual trucker.
Business · p. 260
The company's explanation, the adviser's view and the page in the filing: see MattersWe have identified readily available alternative suppliers that can offer services and products, at comparable terms, price and quality, in the case of any material disruption to the supply of our current major suppliers.
Business · p. 260