广东金晟新能源股份有限公司Guangdong Jinsheng New Energy Co., Ltd.
2023年第二大供应商为公司持股10%的关联方
As of the Latest Practicable Date, we hold 10% equity interest in Jiangxi Liyuan and therefore Jiangxi Liyuan is a related party of our Group.
Business · 第 167 页
In 2023, the majority of our procurement from Jiangxi Liyuan took place in March, during which the average unit prices of black mass procured from Jiangxi Liyuan were typically within approximately 2.8% of those procured from independent suppliers.
Except for WuXi AppTec Co., Ltd., none of our Directors, their respective associates nor any shareholder who, to the best knowledge of our Directors, owned more than 5% of our issued share capital as of the Latest Practicable Date, has any interest in any of our five largest suppliers in each year during the Track Record Period.
During the Track Record Period and as of the Latest Practicable Date, except for Yichang Lisheng, a company ultimately controlled by Mr. Huang Bin's brother-in-law, being a connected person of the Company under Chapter 14A of the Listing Rules, other five largest suppliers were Independent Third Parties.
Business · 第 161 页
Yichang Lisheng, a company mainly engaged in sales of building materials and mineral products, supplies us with high-grade phosphate rock, which we use in the production of our ammonium phosphate products.
上海拓璞数控科技股份有限公司Shanghai Top Numerical Control Technology Co., Ltd.07688.HK
前五大客户成都永峰与前高管及本公司之关联
The ultimate controlling shareholder of Chengdu Yongfeng is Liu Gang (劉鋼), who is also the former general manager and former director and a former shareholder of Shanghai Top and our Company.
Business · 第 169 页
Our Company held 10.8% equity interest in Chengdu Yongfeng before its disposal in December 2024.
Business · 第 169 页
Chengdu Yongfeng is one of the five largest customer of our Company during the Track Record Period.
As of the Latest Practicable Date, one of our substantial shareholders, Tyco Ireland, is ultimately controlled by Johnson Controls International Plc.
Business · 第 140 页
Johnson Controls International Plc is an associate of a substantial shareholder of our Company according to the Listing Rules.
Business · 第 140 页
As of the same date, to the best knowledge of our Directors,save as disclosed,none of our Directors or their respective close associates or any of our shareholders owned more than 5% of our issued shares (excluding treasury shares), had any interest in any of our five largest suppliers.
As of the Latest Practicable Date, except for FII, one of our five largest customers during the year ended December 31, 2023, and a Substantial Shareholder of our Company, none of our Directors, their respective close associates or any of our shareholders (who, to the knowledge of our Directors, owned more than 5% of our issued share capital) had any interest in any of our five largest customers in each year during the Track Record Period.
Business · 第 130 页
As of the Latest Practicable Date, the Concert Party Group, being our single largest shareholder group, were in aggregate entitled to exercise approximately 20.12% of the voting rights in our Company (excluding 1,570,330 A Shares held by our Company as treasury Shares).
Supplier A holds a 30% partnership interest in Anhui Zhongan, which is one of our Pre-[REDACTED] investors.
Business · 第 164 页
Supplier G is controlled by a corporate group which, through certain investment vehicles, also participates in our shareholding structure with non-controlling interests.
Business · 第 164 页
Notwithstanding the above, we believe that our procurement arrangements with these suppliers are conducted on normal commercial terms and in the ordinary course of business.
During the Track Record Period and up to the Latest Practicable Date, save for Customer I which is a subsidiary within the Lionbridge Group, to the best of our Directors’ knowledge, (i) none of our Directors, their close associates, or any shareholder holding more than 5% of our share capital had any interest in our top five customers in each year during the Track Record Period
Business · 第 169 页
Customer I is a financial leasing company incorporated in 2012 with a registered capital of US$500.0 million and is a subsidiary within the Lionbridge Group.
Business · 第 171 页
The decrease in amounts due to related parties/subsidiaries was primarily because (i) the decrease in non-trade in nature due to software license fees to Apollo Intelligent Techniques (Beijing) Co., Ltd, which were paid in annual installments and fully settled in 2025 and (ii) the decrease in both current and non-current non-trade in nature to Lionbridge Financing Leasing (China) Co., Ltd. as we made repayments to the shareholders’ borrowings.
It is also our substantial shareholder and therefore a connected person of our Group.
Business · 第 146 页
Our payments to Customer A primarily represent fees attributable to Customer A in relation to its guarantee of our historical redemption liabilities to a certain investor; in addition, we purchased used vehicles from Customer A in 2023.
Business · 第 155 页
Our Directors are of the view that each of the material related party transactions set out in Note 29 to the Accountants’ Report included in Appendix I to this document was conducted in the ordinary course of business on an arm’s length basis and with normal commercial terms between the relevant parties.
To our best knowledge, there was no employment, financing or family relationship between our distributors and us during the Track Record Period, save for one distributor who is controlled by our former employee.
Business · 第 127 页
Our collaboration with such distributor began in 2024.
Business · 第 127 页
The transaction terms with this distributor are comparable to other distributors.
To the best of our knowledge, we only had one customer during each period of the Track Record Period which was AstraZeneca, who owned more than 5% of our issued share capital as of the Latest Practicable Date.
Business · 第 215 页
None of our Directors or their close associates or, to the knowledge of our Directors, any Shareholder with over 5% of the share capital of our Company (except AstraZeneca), has any interest in any of our five largest suppliers during the Track Record Period.
She and her spouse respectively held approximately 1.6% and 10.5% of the equity interest in one of our customers, which was one of our five largest customers during the Track Record Period.
Summary · 第 5 页
Ms. Chen belongs to our Single Largest Shareholder Group and held approximately 13.2% of the issued share capital of our Company as of the Latest Practicable Date.
We made a cash capital contribution of RMB20.0 million in July 2024 for 20% of equity interests in Sichuan Tianfu Intelligent Computing Technology Co., Ltd. (四川天府智算科技有限公司) (“Tianfu Intelligent Computing”).
Business · 第 157 页
Tianfu Intelligent Computing is a private software development company in which we held a 20% equity interest.
上海百秋尚美科技服务集团股份有限公司Shanghai Buy Quickly BMax Technology Services Group Co., Ltd.
陈湛伟先生曾持有前五大供应商D的权益
During the Track Record Period, to the best knowledge of our Directors, except for Mr. Chan Vincent Cham Wai (陳湛偉), who owned an insignificant interest in Supplier D during certain periods in the Track Record Period, none of our Directors, their associates or any of our current Shareholders (who, to the knowledge of our Directors, own more than 5% of our share capital) had any interest in our five largest suppliers in any year during the Track Record Period that are required to be disclosed under the Hong Kong Listing Rules.
As of the Latest Practicable Date, save for Inovance Investment, a member of our Single Largest Group of Shareholders, holds publicly traded securities in our fifth largest supplier in 2023, none of our Directors, their close associates or any Shareholders which, to the knowledge of our Directors, owned more than 5% of the issued share capital of our Company as of the Latest Practicable Date, had any interest in any of our five largest suppliers during the Track Record Period.
As of the Latest Practicable Date, Dr. Chen Huwen, Mr. Chen Huxiong, Ms. Chen Xueling, M&G Group, Keying Investment, Jiekui Investment and M&G Corporation constitute a group of controlling shareholders of our Company (the “Controlling Shareholders’ Group”).
Summary · 第 11 页
Our Directors confirm that, save for M&G Corporation, our five largest suppliers in each year during the Track Record Period were all Independent Third Parties and that none of our Directors, their respective close associates or any Shareholder (which to the knowledge of our Directors owning more than 5% of our share capital as of the Latest Practicable Date) had any interest, directly or indirectly in any of our five largest suppliers in each year during the Track Record Period.
To the best of our knowledge and after reasonable inquiry, all of our distributors during the Track Record Period were Independent Third Parties.
Business · 第 144 页
As of the Latest Practicable Date, we had nine distributors operated by seven former employees. The aggregate revenue from these distributors accounted for less than 1.0% of our revenue in each year during the Track Record Period.
To the best of our knowledge, save for Geely Group, an affiliate of us, during the Track Record Period and up to the Latest Practicable Date, our five largest customers and five largest suppliers were Independent Third Parties, and none of our Directors, their close associates or any of our Shareholders (who or which to the knowledge of the Directors owned more than 5% of our issued share capital) had any interest in any of our five largest customers or five largest suppliers.
Summary · 第 4 页
During the Track Record Period, both our purchases from Geely Group and the revenues generated from Geely Group, as a percentage of our total purchases and total revenues respectively, have exhibited an overall declining trend.
To the knowledge of our Directors, Supplier A and Supplier B are entities owned by, or related to, our Pre-[REDACTED] Investors.
Summary · 第 3 页
To the knowledge of our Directors, Supplier A and Supplier B are entities owned by, or related to, our Pre-[REDACTED] Investors.
Business · 第 123 页
Fees are typically determined on normal commercial terms after arm’s-length negotiation and with reference to prevailing market rates or quotations from comparable service providers.
湖南明珠矿用化工科技股份有限公司Hunan Mingzhu Mining Chemical Technology Co., Ltd.
关联人士持有权益的客户I为前五大客户
Customer I is a related party to our Company, as it is 25% owned by Hei Zijian, a [REDACTED] Investor and 75% owned by a close family member of Hei Zijian.
Business · 第 124 页
To the best of our knowledge, during the Track Record Period, all our trading partners were Independent Third Parties.