During the Track Record Period, the commercial terms of our transactions with Guangzhou Jianke were negotiated on an arm's length basis, and all other legal and standard terms were materially similar to those that we entered into with other independent third parties.
Financial Information · 第 407 页
As a result, we purchased a modest amount of goods from Guangzhou Jianke amounting to RMB4.7 million in 2021, and ceased to procure products from related parties in 2022.
Financial Information · 第 407 页
As of December 31, 2021 and 2022, the balance of amounts due from related parties were all non-trade in nature, and amounted to RMB33.6 million and RMB12.0 million, respectively, mainly consisting of advances that our Group granted to a number of companies over which Mr. Xie had significant influence, or to Mr. Xie and companies controlled by Mr. Xie.
瑞昌国际控股有限公司RUICHANG INTERNATIONAL HOLDINGS LIMITED01334.HK
控股股东欠款及非贸易现金垫支
Amounts due from our Controlling Shareholders are unsecured, interest-free and repayable on demand. All outstanding amounts due from our Controlling Shareholders as at 31 December 2023 have been settled as at the Latest Practicable Date.
Financial Information · 第 318 页
Our Directors confirmed that such amounts will be settled before Listing.
Financial Information · 第 319 页
Our Directors are of the view that the related party transactions were conducted at arm’s length and on normal commercial terms and/or that such terms were no less favourable to us than terms available from Independent Third Parties which are fair and reasonable and in the interest of our Company and our Shareholders as a whole.
Revenue from the sale of goods and services to AG Zhejiang, AG Services and AG Huanan, associates of our Controlling Shareholders relates to aircraft development, provision of procurement support and technical support, provision of aircraft products, aircraft kits sale and provision of program services.
Financial Information · 第 424 页
As of December 31, 2021, 2022 and 2023, the amounts due from related parties, consisting of our prepaid engine warranty purchased from Continental which will be utilized over the warranty period, were US$3.7 million, US$4.8 million and US$9.6 million, respectively.
Financial Information · 第 424 页
Our Directors are of the view that each of the related party transactions set out in Note 31 to the Accountant's Report in Appendix I to this Prospectus was conducted on an arm's length basis and would not distort our track record results or cause our historical results to be not reflective of our future performance.
The balance of RMB15.7 million as of December 31, 2021 was related to the working capital needs of Beijing Zhongshui Yitong Technology Co., Ltd., controlled by Ms. Chen (“Zhongshui Yitong”), primarily representing certain reimbursement expenses, service compensation and employee remuneration expenses incurred by Zhongshui Yitong during the period from 2018 to 2020.
Financial Information · 第 403 页
The balance was then considered recoverable by us as unsecured and repayable on demand, with an agreed interest rate of 3.8%.
Financial Information · 第 403 页
We expect to settle the non-trade related balance due to and due from related parties prior to the Listing.
Our transactions with Watertek Group primarily consist of (1) our procurement of information security hardware and relevant technical support and after-sales client services from Watertek Group, and (2) our sales of cloud and on-premises financial & tax digitalization solutions to Watertek Group.
Financial Information · 第 405 页
For the years ended December 31, 2021, 2022 and 2023, the revenue from our sales of cloud and on-premises financial & tax digitalization solutions to Watertek Group accounted for 0.01%, 0.01% and 0.02% of our total revenue, respectively, and the cost of our procurement of information security hardware and technical support and after-sales client services from Watertek Group accounted for 1.96%, 1.78% and 0.27% of our total cost of sales, respectively.
As of December 31, 2021, 2022 and 2023 and April 30, 2024, we recorded RMB14.0 million, RMB77.0 million, RMB39.6 million and RMB14.6 million amounts due to related parties, respectively.
Financial Information · 第 375 页
The other receivables balance of RMB7.5 million had been fully settled in 2023.
Financial Information · 第 382 页
On January 18, 2023, we entered into an acquisition agreement with a related party, namely Xi'an Financial Center Construction and Development Co., Ltd., to purchase commercial properties at an aggregate consideration of RMB36.6 million.
中赣通信(集团)控股有限公司Zhonggan Communication (Group) Holdings Limited02545.HK
关联方非贸易往来结余上市前结清
The decrease in the balance in 2023 was mainly due to settlement of the paid-in capital by You Po BVI, Ying Hua BVI, Shu Zhi Cayman and Rui Da BVI.
Financial Information · 第 371 页
The amount due from related parties is non-trade in nature, unsecured, interest-free and have no fixed repayment terms. The balance will be fully settled before the Listing.
Financial Information · 第 371 页
The Directors are of the view that the related party transactions were conducted at arm’s length and on normal commercial terms and therefore the results of the Group’s operations during the Track Record Period would not be distorted by those transactions.
Our non-trade receivables increased by approximately S$2.6 million from approximately S$1.4 million as at 31 December 2022 to S$4.0 million as at 31 December 2023 primarily due to the increase in amount due from an associate of approximately S$2.9 million, partially offset by decrease in GST receivables and deposits by approximately S$0.2 million and S$0.1 million, respectively as at 31 December 2023.
Financial Information · 第 320 页
As agreed between our Group and Metaoptics Technologies, such amount will not be settled prior to the Listing and is expected to be settled by Metaoptics Technologies from the operating cashflow generated from its business operations and investment from its investors after Listing.
Financial Information · 第 320 页
Considering that our Group remained as an investor with approximately 17.10% equity interests in Metaoptics Technologies as at the Latest Practicable Date, the Directors consider that it is strategically advantageous to provide Metaoptics Technologies sufficient time to settle the amount due to us to support their ongoing development in optics technology and to ensure their operational stability.
Provision of API marketplace services | 5,537 | 4,922 | 5,056
Financial Information · 第 378 页
We are of the view that our transactions with related parties during the Track Record Period were trade in nature and were conducted on an arm’s length basis and with normal commercial terms between the relevant parties.
Financial Information · 第 378 页
We are also of the view that our related party transactions during the Track Record Period will not distort our historical results or make our historical results unreflective of our future performance.
The amounts due from related parties of RMB1,011.9 million as at December 31, 2021 consisted mainly of RMB562.5 million in amounts due from Linuo Group and RMB435.1 million from Linuo Investment for loans we provided to these parties.
Financial Information · 第 317 页
Among the dividends of RMB1,102.8 million in aggregate, RMB886.0 million in aggregate was used to offset our Group's receivables due from Linuo Group and Linuo Investment.
Financial Information · 第 305 页
all other receivables due from related parties are non-trade in nature and will be settled prior to the Listing.
During the Track Record Period, we entered into a number of related party transactions in relation to (i) key management compensation; (ii) other payable due to related parties which are non-trade in nature, unsecured, interest-free and repayable on demand; (iii) financial guarantees provided by shareholders of our Company in respect of our bank borrowings; and (iv) advances to shareholders of our Company.
Financial Information · 第 397 页
Our Directors believe that our transactions with related parties during the Track Record Period were conducted on arm’s length basis, and they did not distort our results of operations or make our historical results non-exhaustive of our future performance.
These transactions primarily include (i) revenue from an associate, mainly including the provision of intelligent automation solutions, (ii) procurement of cloud computing services from a company controlled by one of our shareholders, (iii) amounts receivable from the related parties for our services provided, (iv) trade payables to the related party for our procurement of service, and (v) amount payables of unpaid capital to an associate.
Financial Information · 第 594 页
It is the view of our Directors that our transactions with related parties during the Track Record Period were conducted on an arm’s length basis and with normal commercial terms.
In particular, other payables and the outstanding contracts relating to non-trade balances of prepayments are non-trade in nature and will be settled or utilized before the Listing.
Financial Information · 第 458 页
Our Directors believe that our transactions with related parties during the Track Record Period were conducted on normal commercial terms and on an arm’s-length basis, and would not distort our results of operations or make our historical results not reflective of our future performance.
Financial Information · 第 459 页
We granted a loan to the Shanghai Zhengying Medical Imaging Diagnosis Center Co., Ltd. (上海正影醫學影像診斷中心有限公司) (“Shanghai Zhengying”) in 2023.
The amount due from related parties consists of the amount due from a director and amount due from a related company.
Financial Information · 第 377 页
As at 31 December 2021 and 2022 and 2023, all of our amounts due from related parties were non-trade nature, unsecured, interest-free and repayable on demand.
Financial Information · 第 378 页
Our Directors confirm that all the amounts (including the non trade balances) due from related companies will be fully settled before Listing.
We believe that the continued existence of amounts due from Shanghai Kailong Automobile and Shanghai Longyun after the Listing will not undermine our financial independence, considering (i) the aggregate amount due from Shanghai Kailong Automobile and Shanghai Longyun was RMB1.0 million as of December 31, 2023, accounting for only 0.1% of our cash and cash equivalents and 0.3% of our net assets as of the same date; and (ii) the transactions with Shanghai Kailong Automobile and Shanghai Longyun were carried out on an arm’s length basis during the ordinary course of our business.
Financial Information · 第 397 页
Our prepayments, deposits and other receivables increased by 35.1% from RMB336.1 million as of December 31, 2021 to RMB454.2 million as of December 31, 2022, primarily due to an increase in capital injection due from shareholders to two of our subsidiaries.
Financial Information · 第 381 页
Our Directors believe that the related party transactions were carried out on an arm’s length basis and did not distort our results of operations during the Track Record Period or make such results not reflective of our future performance.
With respect to the related party transactions set forth in the Accountants’ Reports in Appendices IA and IB to this prospectus, our Directors confirm that these transactions were conducted on normal commercial terms or such terms that were no less favorable 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.
Financial Information · 第 404 页
Payment for such services was made to the supplier from our Group/Shenzhen EDA Group via Sea Lark Solution on a back-to-back basis, and Sea Lark Solution did not derive any profit therefrom.
Financial Information · 第 406 页
During the Track Record Period, our Group/Shenzhen EDA Group has leased certain self-operated overseas warehouses from Lesso Mall Development (Auburn) Pty Ltd and Lesso Mall Development (Long Island), Inc. for the “last-mile” fulfillment services, in aggregate, amounted to RMB1.5 million, RMB1.9 million and RMB2.0 million, respectively.
As of December 31, 2021, we had RMB80.0 million related party transaction in relation to amount due to a shareholder, which was fully settled in January 2022.
Financial Information · 第 404 页
The balances with related parties are all non-trade in nature and has been settled prior to Listing.
Financial Information · 第 404 页
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.
Our amounts due to a related party decreased from RMB63.6 million as of December 31, 2022 to nil as of December 31, 2023, primarily because (i) all outstanding loans from Nanjing Bode, amounting to RMB34.4 million, was repaid by us in December 2023; and (ii) Nanjing Bode has become an Independent Third Party since July 2023 and we reclassified the amounts due to Nanjing Bode of RMB60.3 million to trade and other payables as of December 31, 2023.
Financial Information · 第 439 页
As confirmed by our Directors, all outstanding non-trade payables to Nanjing Bode, amounting to RMB60.3 million as of December 31, 2023, will be fully settled before Listing, and we do not plan to have additional non-trade related party transactions in the future.
Financial Information · 第 439 页
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.
泓盈城市运营服务集团股份有限公司HOLLWIN URBAN OPERATION SERVICE GROUP CO., LTD02529.HK
关联方非贸易往来余额及交易
Our other receivables consist primarily of (i) amounts due from related parties, which are, primarily non-trade in nature, unsecured, interest-free and repayment on demand; (ii) prepayments; (iii) input VAT to be deducted; (iv) prepayments for listing expenses; and (v) other receivables, primarily consist of prepayments on behalf of property owners and tenants, and deposits.
Financial Information · 第 453 页
As of the Latest Practicable Date, the amounts due from related parties with non-trade in nature had been settled in full.
Financial Information · 第 454 页
Our Directors are of the view that each of the related party transactions set out in Note 28 to the Accountants’ Report included in Appendix I to this prospectus was conducted on an arm’s length basis and with normal commercial terms between the relevant parties, which would not distort our track record results or cause our historical results to become non-reflective of our future performance.