无锡先导智能装备股份有限公司WUXI LEAD INTELLIGENT EQUIPMENT CO., LTD.00470.HK
前五大客户Customer A曾持有公司逾5%股份
During the Track Record Period, Customer A and its subsidiaries owned more than 5% of the Company’s share.
Business · 第 220 页
The pricing relating the sales of our productions to Customer A and its subsidiaries were determined on the basis of arm’s length and negotiated with reference to historical and market transaction prices, taking into account various factors, including, but not limited to, the type of products and services, transaction volume and the prices for the sales of products of similar nature, type and quantity to Independent Third Parties in the market.
Business · 第 220 页
As of the Latest Practicable Date, Customer A and its subsidiaries owned less than 5% of the Company’s share.
乐欣户外国际有限公司Ridge Outdoor International Limited02720.HK
前五大供应商Supplier E实益拥有人为前雇员
The ultimate beneficial owner of Supplier E is our former employee who worked with us for many years.
Business · 第 190 页
All transactions with Supplier E are conducted on an arm’s length basis.
Business · 第 190 页
Our purchase amount from Supplier E increased from RMB9.9 million in 2023 to RMB42.1 million in 2024, primarily due to our increased procurement need which aligned with our increased sales, driven by the expansion of our sales channel and upgrade of our products, as well as the market’s recovery.
Save for Supplier A, to the Company’s best knowledge, 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) as of the Latest Practicable Date had any interest in any of our five largest suppliers of each year/period of the Track Record Period.
Business · 第 209 页
(1) Supplier A is a public company and a global designer and manufacturer of semiconductor products.
During the Track Record Period, one of our distributors, Han’s Laser, was one of our connected persons, which procured our products primarily due to the preferences of their downstream customers.
Business · 第 208 页
In 2022, 2023, 2024 and the ten months ended October 31, 2024 and 2025, our revenue generated from Han’s Laser who was one of our distributors was approximately RMB7.2 million, RMB2.1 million, RMB0.7 million, RMB0.7 million and RMB3.6 million, respectively, representing approximately 0.3%, 0.1%, 0.0%, 0.0% and 0.1% of our total revenue in the same periods.
Business · 第 208 页
Our Directors are of the view that the transactions that we entered into with Han’s Laser were on an arm’s-length, mutually independent basis under normal commercial terms.
To the best of our knowledge, during the Track Record Period and as of the Latest Practicable Date, except for (i) five individuals, each of whom being a business operator or shareholder of our distribution partner(s) (or a relative to the business operator or shareholder) who held partnership interests of less than 5% in Kunpeng Investment, as defined in "History, Development and Corporate Structure" section of this Prospectus, and (ii) three individuals who were our former employees, all our distribution partners were Independent Third Parties as none of our distribution partners were controlled by any of our employees, and none of our distribution partners had any business, employment, family or financing relationships with any of our Directors, substantial Shareholders, senior management and employees.
Business · 第 199 页
The terms of the agreements entered into by the distribution partners affiliated with the seven individuals were consistent with normal commercial terms and were generally in line with our standard form.
Business · 第 199 页
None of the distribution partners affiliated with the seven individuals made any material contribution to our revenue or received any material advances or financial assistance from us during the Track Record Period.
As of the Latest Practicable Date, except for our largest customer in 2024, which is our Directors, none of our Directors, their associates or any of our shareholders (who owned or to the knowledge of Directors had owned more than 5% of our issued share capital) had any interest in any of our five largest customers in each year/period during the Track Record Period.
Business · 第 210 页
In 2022, 2023, 2024 and the nine months ended September 30, 2025, the revenue contributed by these Non-independent Franchised Stores accounted for nil, 0.5%, 0.9% and nil of our total revenue for the respective years.
Business · 第 198 页
We sell products to the Non-independent Franchisees at the same prices that we apply to our independent franchisees.
As of the Latest Practicable Date, Xiaomi Group held 4.94% equity interest of our Company.
Summary · 第 8 页
Except for Customer A which held a 4.94% equity interest of our Company, to the best knowledge of our Directors, none of our Directors or their respective close associates, and none of our Shareholders who own more than 5% of the Shares in issue, had any interest in any of our five largest customers in each year during the Track Record Period.
Business · 第 234 页
Our sales to and purchases from Xiaomi Group are conducted in the ordinary course of business and on commercial terms negotiated on an arm's length basis.
Our five largest customers in each year/period during the Track Record Period consists of nine customers, and three of them were affiliated with certain of our Shareholders owning less than 5% of our Company's issued share capital.
Business · 第 121 页
Our revenue generated from each of such customer individually accounted for less than 1.7% of our total revenue for the corresponding years.
Business · 第 121 页
Our transactions with such customers were conducted under normal commercial terms.
As of the Latest Practicable Date, Supplier C was held as to 21.67% by Hefei Qinghui Jidian Enterprise Management Partnership (Limited Partnership) (合肥清輝集電企業管理合夥企業(有限合夥), “Qinghui Jidian”).
Business · 第 220 页
Mr. Hu Hong, an Executive Director and the deputy general manager of the Company, held 7.48% interests in Suzhou Jingpu as limited partners.
Business · 第 221 页
Mr. Zhu Yiming is currently the chairman of the board of directors (the “CXMT Board”) and chairman of the executive committee of CXMT, with such positions approved by the Board and the Shareholders.
During the Track Record Period and up to June 2024, Datuk Tan, our Controlling Shareholder and executive Director, alone and/or together with his associates held in aggregate 35% equity interest in Bridgex.
Summary · 第 5 页
Since June 2024, Datuk Tan and his associates no longer hold any shares in Bridgex and Bridgex is an Independent Third Party as at the Latest Practicable Date.
Summary · 第 5 页
During the Track Record Period, Bridgex was held as to 35% by Datuk Tan from January 2023 to February 2024, and as to 5% and 30% by Datuk Tan and Mr. Andy Tan, respectively, from February 2024 until June 2024 when they disposed of all their shares in Bridgex.
As of the Latest Practicable Date, all of our five largest suppliers in each period during the Track Record Period were independent third parties, except that Supplier J comprises five subsidiaries of Alisoft China Holding Limited, which is a substantial shareholder of our company.
Business · 第 297 页
1 Supplier J Cloud service An international cloud service provider with subsidiaries both in China and Singapore, providing cloud service to global enterprises and developers.
During the Track Record Period, we sold GPGPU products to Customer M, amounting to RMB33.9 million in aggregate, representing 2.5% of our total sales for the same period.
Business · 第 210 页
All such transactions were conducted in the ordinary course of business under normal commercial terms and on an arm’s-length basis.
北京五一视界数字孪生科技股份有限公司Beijing 51WORLD Digital Twin Technology Co., Ltd.06651.HK
五大客户之一Customer F为公司股东
During the Track Record Period and up to the Latest Practicable Date, none of our Directors, their respective associates, or any shareholders of our Company (who or which to the knowledge of the Directors owned over 5% of our Company's issued share capital) had any interest in any of our five largest customers for each year/period during the Track Record Period, except for Customer F, which is a Shareholder of our Company.
During the Track Record Period, one of our customers, Sunshine Property and Casualty Insurance Co., Ltd., was affiliated with, Sunshine Life Insurance Corporation Limited, one of our Shareholders.
Business · 第 194 页
During the Track Record Period, one of our suppliers, Tenpay Payment Technology Co., Ltd, was affiliated with, Chinese Rose Investment Limited, one of our Shareholders.
Business · 第 196 页
Our Directors are of the view that each of the related party transactions was conducted in the ordinary and usual course of business and on normal commercial terms between the relevant parties and does not distort our Track Record Period results or make our historical results not reflective of future performance.
Except for Qisda Group, being our Controlling Shareholder and the largest customer in each year during the Track Record Period, as of the Latest Practicable Date, none of our Directors or any Shareholder, who to the knowledge of our Directors, owns more than 5% of our issued share capital immediately following completion of the Global Offering (but without taking into account the exercise of the options granted under the Pre-IPO Share Option Plan) nor any of their respective associates had any interest in any of our five largest customers in each year during the Track Record Period.
Business · 第 213 页
During the Track Record Period, Qisda Group, our Controlling Shareholder group and the largest customer in each year/period during the Track Record Period, was also a supplier of us.
our five largest suppliers in each period during the Track Record Period were Independent Third Parties except for Wanxiang Blockchain entities, which were among our five largest suppliers in 2022, 2023, 2024 and the six months ended June 30, 2025, and are the related parties of one of our Shareholders.
Summary · 第 8 页
According to Frost & Sullivan, the pricing mechanism of these related party transactions was consistent with the market practice.
Financial Information · 第 465 页
As illustrated above, the Group procured such services from Wanxiang Blockchain entities nearly at cost price.
Customer E was initially wholly owned by our Group as a project company, which we subsequently sold 90% of our indirect equity interest in Customer E to an Independent Third Party in September 2023 for optimizing capital structure and introducing strategic resources.
Business · 第 232 页
Our Directors confirmed that, despite the aforementioned equity interest in Customer E, all the terms of our transactions with Customer E were fair and reasonable, conducted on normal commercial terms, and in the best interests of our Company and our Shareholders as a whole.
For each year during the Track Record Period, purchases from our largest supplier, JD Group, accounted for less than 10.0% of our total purchases.
Business · 第 171 页
To the best of our knowledge, except JD Group and its associate, all of the other largest suppliers during the Track Record Period were Independent Third Parties as of the Latest Practicable Date.
Business · 第 171 页
We believe we have sufficient alternative suppliers for industrials products that can provide us with substitutes of comparable quality and prices.
As of December 31, 2022, 2023, 2024 and June 30, 2025, five, four, four and three franchisees were our former employees, respectively, and they collectively operated eight, seven, seven and seven franchised restaurants at the respective time.
Business · 第 199 页
We applied the same selection criteria when enrolling the franchisees and the franchise agreements that we entered into with these franchisees contained the similar terms and conditions that we offered to independent franchisees.