As of the Latest Practicable Date, Sihuan Pharm, through its indirectly wholly-owned subsidiaries, Xuanzhu Biopharma and Hainan Sihuan, was interested in approximately 56.47% of the total issued share capital of our Company.
Summary · 第 27 页
Immediately following the completion of the Global Offering, (i) Sihuan Pharm will have an indirect interest in approximately 49.13% of the Shares in issue, (ii) our Company will remain as an indirect non-wholly owned subsidiary of Sihuan Pharm, and (iii) Dr. Che Fengsheng, Dr. Guo Weicheng, Mr. Meng Xianhui, Dr. Zhang Jionglong, their respective wholly-owned entities (Network Victory Limited, Proper Process International Limited, Successmax Global Holdings Limited, Victory Faith International Limited and Mingyao Capital Limited), Sihuan Pharm, Sun Moral, Xuanzhu Cayman, Xuanzhu Biopharma and Hainan Sihuan will be a group of Controlling Shareholders.
Summary · 第 27 页
There is a clear delineation of business between our Group and the Remaining Sihuan Group.
紫金黄金国际有限公司ZIJIN GOLD INTERNATIONAL COMPANY LIMITED02259.HK
控股股东紫金矿业为最大客户、主要供应商及融资来源
We have fully inherited Zijin Mining’s advantages in the area of resource and reserve expansion. We also benefit from the advanced geological exploration technology and self-developed equipment from Zijin Mining.
Summary · 第 4 页
We issued the US$50,000,000 convertible debentures to Gold Mountains (H.K.) on December 13, 2019.
Financial Information · 第 488 页
Upon completion of the Spin-off, the businesses of our Group and the Zijin Mining Group will be clearly delineated.
We have established long term business relationship with Geely Group, which is complimentary, mutually beneficial and non-exclusive.
Summary · 第 30 页
To the best of our knowledge, except for Geely Group, which mostly supplied vehicles used in our operations, during the Track Record Period and up to the Latest Practicable Date, our top five suppliers in each year during the Track Record Period were Independent Third Parties.
Business · 第 204 页
We leverage an expanding network of battery swap stations and auto servicing shops operated by Geely Group, which empowers our drivers, enhancing their net income.
We have one Core Product and two other pipeline drug candidates, all of which were in-licensed from our collaboration partner and one of the Controlling Shareholders, Ascendis Pharma.
Summary · 第 1 页
We expect to procure the Core Product from Ascendis Pharma for the commercial supply until 2028 following our anticipated commercialization activities in late 2025 after BLA approval.
Summary · 第 7 页
The interests of Ascendis Pharma are highly aligned with ours.
Except for iFlytek Group, who was one of our five largest customers in 2021 and 2023 and one of our five largest suppliers in each year/period during the Track Record Period, none of our Directors and, to the knowledge of our Directors, their respective close associates or any Shareholders holding more than 5% of our issued share capital has had any interests in any of our five largest customers or suppliers in each year/period during the Track Record Period and as of the Latest Practicable Date.
Summary · 第 7 页
For Medical Device, we primarily sell to individual customers via e-commerce platforms, namely JD.com and Tmall, and also reach individual customers leveraging iFlytek Group’s broad offline coverage.
Business · 第 274 页
Our Directors believe that the principal businesses of our Group do not, and are not likely to, compete with the businesses of iFlytek Group.
As our flagship brand launched in 2000, MAOGEPING was named after our founder, Mr. Mao (“Mr. Mao”).
As of the Latest Practicable Date, Mr. Mao and Ms. Wang were collectively interested in approximately 57.26% of our total issued share capital
Summary · 第 18 页
We believe our Group’s success does not solely rely on the empowerment by Mr. Mao, and our various sales and marketing means, establishment of extensive sales channels and experiential and personalized customer service, product quality, strong brand reputation established over the years and independent daily management and operations carried out by an experienced senior management team contributed to our success and will remain as the major and collective factors to the success and sustainability of our Group.
We started our business in retail digitalization in collaboration with Wumei Group, a leading retailer in China, which was our largest customer during the Track Record Period.
Summary · 第 1 页
Dr. Zhang Wenzhong, our founder, senior advisor and our Controlling Shareholder, is the controlling shareholder of Wumei Technology Group, Inc., the holding company of Wumei Group.
Summary · 第 1 页
During the Track Record Period, we recognized a substantial portion of our revenue from our cooperation with the Related Parties.
(ii) the Sharafuddin Entities comprising Mr. Sharafuddin, Nova Foundation (an estate planning foundation founded by Mr. Sharafuddin) and Vision Investments (a company wholly-owned by Nova Foundation for Mr. Sharafuddin and which will hold approximately 37.49% of the total issued shares of our Company).
Summary · 第 16 页
than their respective interests in our Group, (i) members of the Chen Family Group hold interests in TEH Entities and companies engaged in other businesses such as shipping agency services, port agency services and the education industry; and (ii) Mr. Sharafuddin, through foundations founded by him, held interests in other companies engaged in a wide range of businesses such as in the retail, travel and tourism, logistics and warehousing, air cargo, information technology, manufacturing, hospitality and real estate and financial services industries primarily in the Middle East and Africa.
Summary · 第 17 页
Our Group has engaged respective companies controlled by the Chen Family Group and the Sharafuddin Entities for their shipping agency and various other services.
Revenue attributable or relating to Haier Group accounted for approximately 25.3%, 32.0%, 25.5%, 18.8% and 23.1% of our total revenue for the years ended 31 December 2021, 2022 and 2023 and the four months ended 30 April 2023 and 2024, respectively.
Summary · 第 1 页
Immediately following the completion of the Global Offering (assuming the Over-allotment Option is not exercised), Haier Group will hold an aggregate of approximately 45.33% of the voting rights of our Company through Qingdao Haichuanghui IoT.
Summary · 第 19 页
For FY2021, FY2022 and FY2023, three subsidiaries of Haier Group were our strategic channel partners, which referred over 300, 400 and 600 corporate insurance clients to us to purchase insurance products, respectively, out of the total of over 6,500, 9,100 and 11,100 corporate insurance clients referred by all of our strategic channel partners.
GAIG, directly and indirectly through GAC and China Lounge, will be interested in approximately 35.58% of the issued share capital of our Company immediately before the Global Offering.
Summary · 第 11 页
GAIG was among both our five largest customers and our five largest suppliers in each year of the Track Record Period.
Business · 第 339 页
Our relationship with GAIG is mutually beneficial, due to our highly aligned development plans.
Throughout the Track Record Period, Kingfar Holdings Group was our second largest customer.
Summary · 第 12 页
In 2021, 2022 and 2023, the revenue that we derived from properties developed by Kingfar Holdings Group amounted to RMB224.2 million, RMB242.3 million and RMB253.4 million, respectively, accounting for 37.8%, 34.3% and 29.4% of our total revenue, respectively.
Summary · 第 12 页
The decrease in our retention rate for properties developed by Kingfar Holdings Group in 2023 was primarily attributable to our voluntary withdrawal from four resettlement housing projects.
Apart from our business in the provision of one-stop end-to-end B2C export e-commerce supply chain solutions, Lesso is currently operating a business to provide logistics services to deliver goods from the PRC to South East Asia (the “Excluded Business”).
Summary · 第 16 页
To ensure that competition will not exist in the future, each of our Controlling Shareholders has entered into the Deed of Non-competition in favor of our Company to the effect that each of them will not, and will procure each of their respective close associates (other than members of our Group) not to, directly or indirectly, participate in, or hold any right or interest, or otherwise be involved in or undertake any business that directly or indirectly competes, or may compete, with our Group’s business.
As of the Latest Practicable Date, apart from the interest in our Group, Mr. Zhang was the chairman of the board of directors of, and through his controlled entities, was entitled to exercise approximately 50.37% voting rights in, Nanjing Yoko, which is principally engaged in the R&D, manufacturing and sales of chemical drugs.
Summary · 第 21 页
There is a clear delineation of business between our Group and Nanjing Yoko and the business of Nanjing Yoko does not compete and is unlikely to compete, directly or indirectly, with the business of our Group.
泓盈城市运营服务集团股份有限公司HOLLWIN URBAN OPERATION SERVICE GROUP CO., LTD02529.HK
对控股股东CSUD集团项目来源的依赖
During the Track Record Period, revenue of projects sourced from CSUD Group and its associates continued to decrease, which accounted for 70.2%, 66.0% and 64.4%, respectively, of our total revenue in the respective years, primarily due to the increase in revenue derived from urban service projects sourced from Independent Third Parties.
Summary · 第 9 页
During the Track Record Period, all of our commercial operation service projects were sourced from CSUD Group and its associates.
Summary · 第 9 页
We maintain a well-established and ongoing business relationship with CSUD Group and its associates, the diverse property portfolio of which provides us with a large potential pipeline of quality projects.
In 2020, 2021, 2022 and the six months ended June 30, 2023, revenue derived from Changjiu Industrial, our related party and second largest customer in 2022 and the six months ended June 30, 2023, and its subsidiaries amounted to RMB0.7 million, RMB8.7 million, RMB81.1 million and RMB49.5 million, respectively, accounting for 0.2%, 1.8%, 14.8% and 16.0% of our total revenue, respectively.
Summary · 第 18 页
Given that we commenced this business line relatively recently and additional time is required for us to promote our operation management services to broader industry participants, automobile dealerships owned by Changjiu Group have accounted for substantially all of our customers for this business line.
Summary · 第 1 页
As of October 31, 2023, we had also entered into 144 non-legally binding letters of intent for our automobile dealership operation management services with automobile dealerships owned by Independent Third Parties.
Our Listing will constitute a spin-off from Jinma Energy, our Controlling Shareholder.
Summary · 第 1 页
We do not operate a captive business model. We have been sourcing crude benzene from a diversified number of third-party suppliers and substantially all of the crude coking coal gas from the Jinma Group.
Business · 第 207 页
Our sales and purchase transactions with the Jinma Group were conducted on normal commercial terms and the pricing policy and contract terms were comparable to those of the transactions with Independent Third Parties, or the prices are within the range in the respective industry.
In 2022 and the six months ended June 30, 2023, Tsingshan Group, our Controlling Shareholder, was one of our five largest customers, accounting for 5.9% and 12.7% of our total revenue, respectively.
Summary · 第 2 页
The significant increase in our sales to Tsingshan Group in 2022 and the six months ended June 30, 2023 was primarily due to the arrangements between Yongqing Technology, the U.S. EV manufacturer and us, under which we supplied battery components to Yongqing Technology which then supplied the same to the U.S. EV manufacturer.
Summary · 第 2 页
The prices for sales made to Tsingshan Group were negotiated on an arm’s length basis and we believe the gross profit margin for such sales would be similar had Tsingshan Group not also been our supplier.
During the Track Record Period, our operations and capital requirements were financed principally through (i) cash flow from our operating activities; (ii) funding from loans or facilities provided by banks; and (iii) loans from Controlling Shareholders and their close associates.
Financial Information · 第 253 页
We have historically funded our working capital principally from (i) cash flow from our operating activities; (ii) funding from loans or facilities from local banks; and (iii) loans from Controlling Shareholders and their close associates.
Financial Information · 第 288 页
To avoid any actual or potential competition between the business of the Controlling Shareholders and our Company, our Controlling Shareholders have provided non-competition undertakings to us to the effect that each of them shall not, and shall procure its close associates not to, directly or indirectly, engage in, invest in, participate in, or attempt to participate in, whether on its own account or with each other or in conjunction with or on behalf of any person or company, any business directly or indirectly in competition with or likely to be in competition with the Unsecured Loan Business.
山西省安装集团股份有限公司Shanxi Installation Group Co., Ltd.02520.HK
控股股东山西建投兼具前五大客户及供应商
During the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023, the revenue attributable to connected parties controlled by Shanxi CIG, our controlling shareholder, amounted to 3.0%, 4.9%, 6.6% and 7.4%, respectively; whereas the revenue attributable to entities controlled by SSCO (excluding Shanxi CIG and its associates) amounted to 5.1%, 4.8%, 5.4% and 7.1%, respectively.
Summary · 第 7 页
Accordingly, Shanxi CIG is one of our largest overlapping customers/suppliers at group level in terms of both revenue derived from overlapping customers/suppliers and costs paid to them.
Business · 第 318 页
Our Directors believe that our Group is capable of carrying out its businesses independently of our Controlling Shareholder and its associates.