We have the certain transactions and balances with the related parties during the Track Record Period, details of which are set out in note 42 to the Accountants’ Report set out in Appendix I to this document.
Financial Information · 第 236 页
During the Track Record Period, all of our related party transactions were trade in nature and negotiated at an arm’s length basis.
Financial Information · 第 236 页
Our Directors believe that our transaction with related party during the Track Record Period was conducted in the ordinary course of business, and it did not distort our track record results or make our historical results not reflective of our future performance.
As of December 31, 2023, 2024 and 2025 and June 30, 2026, we had loans from related parties of US$7.6 million, US$6.9 million, US$6.9 million and US$126.2 million, respectively.
Financial Information · 第 241 页
To finance the Buy-back Arrangement, we borrowed US$120.0 million of loans from two related parties.
Financial Information · 第 241 页
Our Directors confirm that these transactions were conducted on arm’s length basis and entered into in the ordinary course of business and would not distort our track record results or make our historical results not reflective of our future performance.
Our Directors confirm that all material related party transactions during the Track Record Period were conducted on an arm’s-length basis, and would not distort our results of operations over the Track Record Period or make our historical results over the Track Record Period not reflective of our expectations for our future performance.
Financial Information · 第 289 页
All our related party transactions are trade in nature.
Our prepayments, other receivables and other assets increased from RMB48.8 million as of December 31, 2024 to RMB67.1 million as of December 31, 2025, primarily due to (i) an increase of RMB14.3 million in prepayments to our suppliers, in line with our business growth, and (ii) an increase of RMB7.2 million in amounts due from related parties in relation to loans to Dongguan Yingyu, partially offset by a decrease of RMB4.3 million in value-added tax recoverable arising from the timing differences between the issuance of invoice by our major customers and suppliers.
Financial Information · 第 233 页
We enter into transactions with our related parties from time to time.
Financial Information · 第 245 页
Our Directors are of the view that each of the related party transactions was conducted on an arm's length basis and would not distort our track record results or cause our historical results to become non-reflective of our future performance.
One of our Independent Third Party distributors is a company in which we hold a 40% equity interest and one of our five largest customers in each period during the Track Record Period (“Company A”).
Business · 第 128 页
Our transaction with Company A was conducted in the ordinary course of business and carried out on commercial terms that were negotiated at arm’s length.
Business · 第 128 页
One of our five largest customers in each period of the Track Record Period is a company in which we hold a 40% equity interest and was our distributor during the Track Record Period.
These amounts represent outstanding payments arising from unfulfilled contractual obligations of Youngy Group and its affiliate.
Financial Information · 第 245 页
The amounts due from the then shareholder of RMB18.4 million was settled on August 13, 2026.
Financial Information · 第 245 页
we had fully settled all outstanding balances with Youngy Group, including other receivables of RMB18.4 million and capital reduction payables of RMB59.8 million.
Our Directors are of the view that each of the related party transactions set out in Note 33 of the Accountants’ Report in Appendix I was conducted in the ordinary course of business and with normal commercial terms between the relevant parties.
Financial Information · 第 266 页
Our Directors are also of the view that our related party transactions during the Track Record Period would not distort our track record results or cause our historical results to become non-reflective of our future performance.
As of December 31, 2023, 2024, 2025, June 30, 2026 and July 31, 2026, we had amounts due to Mr. Zhang, our executive Director and one of the Controlling Shareholders, of RMB0.7 million, RMB1.7 million, nil, nil and nil, respectively.
Financial Information · 第 229 页
Other balances were non-trade in nature and interest-free, and were fully paid in December 2025.
Financial Information · 第 229 页
Our Directors confirm that these transactions were conducted in the ordinary and usual course of business and on an arm’s length basis, and they did not distort our results of operations or make our historical results not reflective of our future performance.
彤程新材料集团股份有限公司Red Avenue New Materials Group Co., Ltd.09607.HK
与关联方进行商品销售交易
Our Directors are of the view that such related party transactions were conducted on an arm’s-length basis and normal commercial terms in our ordinary and usual course of business, and that they did not distort our results of operations during the Track Record Period or render our historical results not reflective of our future performance.
We enter into transactions with our related parties from time to time. For details of our material related party transactions, see Note 38 to the Accountants’ Report included in Appendix I to this prospectus.
Financial Information · 第 241 页
Our Directors are of the view that each of the related party transactions set out in Note 38 to the Accountants’ Report included in Appendix I to this prospectus was conducted in the ordinary course of business on an arm’s length basis and with normal commercial terms between the relevant parties.
Financial Information · 第 241 页
Our Directors are also of the view that our related party transactions during the Track Record Period would not distort our track record results or cause our historical results to become non-reflective of our future performance.
During the Track Record Period, our purchases from Jingxin Holding, one of our Controlling Shareholders, amounted to RMB68.1 million, RMB86.0 million, RMB85.0 million and RMB31.4 million, respectively, representing 3.5%, 3.9%, 4.5% and 3.2% of our total purchases for the respective periods.
Business · 第 142 页
During the Track Record Period, our Company sold products (including APIs) to entities held by the controlling shareholders. We also procured from entities held by the controlling shareholders (i) products (including packaging materials and daily chemicals) and (ii) services (including property cleaning services).
Financial Information · 第 239 页
Our Directors are of the view that our related party transactions during the Track Record Period were conducted in the ordinary course of business on an arm's length basis with reference to normal commercial terms, and did not distort our track record results or render our historical results not reflective of our future performance.
Our prepayments and other receivables decreased significantly from RMB1,889.9 million as of December 31, 2024 to RMB345.9 million as of December 31, 2025, primarily due to a decrease of RMB1,622.4 million in amounts due from related parties as we accelerated the collection of such amounts.
Financial Information · 第 212 页
Save as those disclosed under the section entitled “Connected Transactions” in this document, all of the non-trade receivables from and payables to related parties will be settled prior to the Listing.
Financial Information · 第 222 页
Our Directors confirm that all of our related party transactions during the Track Record Period set out in Note 41 to the Accountants’ Report were conducted on arm’s length basis and would not distort our results of operations or make our historical results not reflective of our future performance.
During the Track Record Period, we had transactions with certain related parties.
Financial Information · 第 246 页
Our Directors confirm that these transactions were conducted on arm's length basis and entered into in the ordinary course of business and would not distort our track record results or make our historical results not reflective of our future performance.
Financial Information · 第 246 页
The amounts due from the related party have been fully settled as of March 31, 2026.
All of the amounts due to/from the related parties are trade in nature.
Financial Information · 第 250 页
Our Directors are of the view that each of the related party transactions set out in Note 39 of the Accountants’ Report in Appendix I to this prospectus was conducted in the ordinary course of business on an arm’s length basis and with normal commercial terms between the relevant parties.
广东微电新能源股份有限公司Guangdong Mic-Power New Energy Co., Ltd.
向非执行董事家族关联企业立讯精密销售
The Company confirms that the transactions with Luxshare Precision were conducted in the ordinary and usual course of business and on normal commercial terms.
Business · 第 180 页
Luxshare Precision does not constitute a majority-controlled company held by Mr. Yi Lei’s family member(s) under Rule 14A.12(2)(a), nor does it constitute a majority-controlled company held by his family member(s) and/or relative(s) under Rule 14A.21(1)(b).
During the Track Record Period and up to the Latest Practicable Date, we conducted all intra-group transactions in accordance with our transfer pricing policy based on the arm’s length principle.
Business · 第 162 页
Based on the Tax Advisor’s assessment of the intra-group transactions and the transfer pricing benchmarking analysis performed through the identification and evaluation of comparable companies, the Tested Parties’ full cost mark-up was not less than the arm’s length range.
Business · 第 164 页
During the Track Record Period and up to the Latest Practicable Date, we have not been subject to any penalties, investigations, queries or transfer pricing audits by the local tax authorities in respect of such intra-group transactions.
Our Directors are of the view that each of the related party transactions set out in Note 41 to the Accountants’ Report 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.
Financial Information · 第 248 页
Our Directors are also of the view that our transactions with related parties during the Track Record Period did not distort our results of operations or make our historical results not reflective of our future performance.
Our Directors confirm that all the outstanding balance due from the Controlling Shareholders will be settled partially by cash and partially offset by dividend prior to or upon the [REDACTED].
Financial Information · 第 166 页
our Directors confirm that these transactions were conducted on normal commercial terms or such terms that were no less favourable to our Group than those available to Independent Third Parties and were fair and reasonable and in the interest of our Shareholders as a whole.
广西玉柴船电动力股份有限公司Guangxi Yuchai Marine and Genset Power Co., Ltd.
关联交易占采购及收入比重较高
In FY2023, FY2024, FY2025, 1H2025 and 1H2026, (i) our revenue from the Related Parties amounted to RMB822.6 million, RMB758.8 million, RMB614.3 million, RMB275.3 million and RMB306.8 million, representing 25.4%, 19.0%, 10.0%, 9.2% and 6.8% of our total revenue, respectively, and (ii) our purchases from the Related Parties amounted to RMB1,136.1 million, RMB1,397.8 million, RMB1,938.3 million, RMB875.9 million and RMB1,238.2 million, representing 40.5%, 39.2%, 34.1%, 24.2% and 31.5% of our total purchase amount, respectively.
Summary · 第 4 页
Transactions with the Related Parties are conducted based on normal commercial terms.
Business · 第 149 页
Our Directors are of the view that each of the related party transactions set out above was conducted in the ordinary course of business on an arm's length basis and with normal commercial terms between the relevant parties.
Our amounts due to one related party, Ningbo Yunyi Enterprise Management Partnership (Limited Partnership), which are non-trade in nature, amounted to nil, RMB20.2 million and nil as of December 31, 2023, 2024 and 2025, respectively, which has been settled as of December 31, 2025.
Financial Information · 第 260 页
Our Directors are of the view that each of the material related party transactions set out in Note 39 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.