* Customer C, controlled by Mr. Li Zhen, was a related party and a connected person in 2020.
Business · 第 224 页
(i) one distributor, Customer C, to cease related party transactions
Business · 第 221 页
To the best of our knowledge, during the Track Record Period and up to the Latest Practicable Date, except for Customer C which was our connected person in 2020 only, all of our five largest customers in each year/period were Independent Third Parties.
(1) Foxess Co., Ltd. is an associate of Yongqing Technology under the definition of IAS 24 “Related Party Disclosures”, and Yongqing Technology is a Controlling Shareholder of the Company.
Business · 第 275 页
In 2020, 2021 and 2022 and the six months ended June 30, 2023, revenue from Foxess Co., Ltd. were RMB11.4 million, RMB136.4 million, RMB656.5 million, and RMB182.6 million, accounting for 1.3%, 6.5%, 4.5% and 2.8% of our total revenue, respectively.
厦门燕之屋燕窝产业股份有限公司XIAMEN YAN PALACE BIRD’S NEST INDUSTRY CO., LTD.01497.HK
前五大客户中多名与控股股东或少数股东有关联
Zhongda Baichengtang, one of our five largest customers in 2020 and 2021, is controlled by Ms. Xue, one of our Controlling Shareholders and the spouse of Mr. Zheng.
Business · 第 178 页
Union Yutai, one of our five largest customers in 2021 and 2022, is held as to 38.5 % by Mr. Zheng and 50.0% by the spouse of one of our indirect minority Shareholders, who also serves as the executive director of Union Yutai.
Business · 第 178 页
Our transactions with related distributors and the pricing, credit terms, rebate and return policies of such transactions were in line with the terms and conditions we provided to a similar independent distributor during the Track Record Period.
In 2019, 2020 and 2022, Alipay China was one of our five largest customers, from whom we received service fees for the advertising and promotion of its payment service products.
Business · 第 283 页
During the Track Record Period, we also procured payment services through Alipay China’s payment channels so as to enable our customers to conduct online transactions via our vending machines.
Business · 第 283 页
During the Track Record Period, revenue from digital advertising services also relates to the number of new POSs opened which affects the amount of services fees we may receive from Alipay China for the advertising and promotion of its payment service products.
巨星传奇集团有限公司Star Plus Legend Holdings Limited06683.HK
关联方实体位列前五大供应商及经销商
Our Founders, Controlling Shareholders and/or non-executive Directors include Ms. Yeh (Mr. Jay Chou’s mother) and directors and controlling shareholders of JVR Music or Archstone, namely, Mr. Yang and Mr. Chen, respectively, and these parties, which are closely connected to Mr. Jay Chou, have substantial influence over our overall development and business strategies.
Summary · 第 4 页
As of the Latest Practicable Date, save as Archstone, to the best knowledge of our Directors after due inquiry, none of our Directors or their close associates or any Shareholders holding more than 5% of the issued share capital of our Company immediately following the completion of the Global Offering, had any interests in any of our five largest suppliers during the Track Record Period.
Business · 第 254 页
The aggregate revenue contribution from Jesports (Beijing), Ms. Ma and Ms. Zhang during the Track Record Period was less than 1% of our total revenue during each year.
Our Directors confirm that save for Shuangliang Eco-Energy mainly supplying us with materials and equipment for the construction of the infrastructure for our heat service, none of our Directors, their respective associates or any shareholder (who to the knowledge of our Directors owned 5% or more of our Shares) held any interest in any of our top five suppliers during the Track Record Period.
Summary · 第 4 页
Upon completion of the said transfer, Shuangliang Eco-Energy Group remained as one of our suppliers to supply materials and equipment for the construction of the infrastructure for our heat services business.
Huaze Liquor Sales Co., Ltd. (華澤酒業銷售有限公司), or Huaze Liquor, a liquor distribution company previously controlled by Mr. Wu through Jindong Group, contributed to 0.01% and 2.0% of our total revenue in 2020 and 2021, respectively.
Business · 第 185 页
Our Group’s transactions with Huaze Liquor are conducted in the ordinary course of business at arm’s length and the terms of our transactions with Huaze Liquor are in line with our normal commercial terms for similar transactions with other customers.
Financial Information · 第 306 页
In December 2021, to reduce the potential perceived risks associated with related party transactions as part of our compliance efforts, and to a lesser extent, considering our reduced efforts in customized baijiu products’ business, Jindong Group disposed its entire equity interest in Huaze Liquor to Loudi Fuzhi Trading Co., Ltd. (婁底市福致商貿有限公司), an Independent Third Party which is primarily engaged in the distribution of baijiu products, at a consideration of RMB9,180,000.