We received certain loans from Mr. Liu Huan, a senior management of our Group, which amounted to RMB8.0 million, RMB35.5 million and nil as of December 31, 2021, 2022 and 2023, respectively.
Financial Information · 第 455 页
Such loans were all fully repaid within the same year.
Financial Information · 第 455 页
Our Directors are of the view that each of the related party transactions set out in Note 34 to the Accountants’ Report in Appendix I to this prospectus was conducted in the ordinary course of business and with normal commercial terms between the relevant parties.
During the Track Record Period, we had entered into a number of related party transactions, see note 36 to the Accountants’ Report in Appendix I to this prospectus.
Financial Information · 第 480 页
Our work in progress as of December 31, 2021 and 2022 entirely represented the accumulated costs incurred in connection with a NRE project related to SDS with Mobvoi JV.
Financial Information · 第 462 页
Our Directors believe that our transactions with related parties during the Track Record Period had been conducted 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.
We recorded amounts due from related parties of RMB149.5 million, RMB91.6 million and RMB0.6 million as of December 31, 2021, 2022 and 2023, respectively.
Financial Information · 第 322 页
Our amounts due from related parties comprise (i) the trade in nature portion, representing receivables from franchised ChaPanda stores owned and operated by certain management or executive Directors who were key management personnel of our operating entities or subsidiaries, and (ii) the non-trade in nature portion, representing the rental deposits for our office spaces leased from related parties and advances to our related parties, which were unsecured, interest-free and repayable on demand.
Financial Information · 第 322 页
Our Directors have represented that the amounts due from related parties have been fully settled as of December 31, 2023, save for the above-mentioned rental deposits in the non-trade in nature portion.
In 2020, we provided the loan of RMB150.0 million to LianTong with a term of one year and an annual interest rate of 4.41%.
Financial Information · 第 447 页
Our loans to related parties are non-trade in nature and were settled as of September 30, 2023, excepting for a clearance network guarantee deposit of RMB140 thousand with LianTong.
Financial Information · 第 448 页
Our Directors are of the view that each of the related party transactions was conducted in the ordinary course of business on an arm’s-length basis and with normal commercial terms between the relevant parties.
Our loan to a related party represented the loan advanced to BC Mortgage, being a joint venture of our Controlling Shareholder.
Financial Information · 第 353 页
Such amount has been settled by way of novation from our Group to FEC UK and distribution of dividends by Palasino Group to FEC UK which has declared on 8 September 2023.
Financial Information · 第 375 页
Our Directors confirm that our transactions with the related parties during the Track Record Period were conducted 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.
During the Track Record Period, we had various related party transactions as we conducted transaction with our related companies, joint ventures and a non-controlling interest, in our ordinary course of business (including sales of finished goods and purchases of raw materials).
Financial Information · 第 429 页
Such arrangement had been completed in FY2023, and we expect to settle the outstanding amount due to a related company of non-trade nature before the Listing.
Financial Information · 第 430 页
For FY2021, FY2022, FY2023 and 8MFY2024, the sales of finished goods to related parties contributed only approximately 9.9%, 2.4%, 3.9% and 9.6% of our total revenue and the purchases of raw materials from related parties contributed only approximately 14.5%, 11.1%, 0.1% and less than 0.1% of our total purchase.
In January 2021, we provided a short-term loan of RMB100.0 million to Taizhou Huawei Investment Ltd. (泰州華威投資有限公司) (“Taizhou Huawei”), a subsidiary of Taizhou Huacheng Medical Investment Group Co., Ltd. (泰州華誠醫學投資集團有限公司), with an expected yield at 7.0% per annum.
Financial Information · 第 504 页
All of our non-trade balances had been settled as of September 30, 2023. Our Directors are of the view that the transactions with related parties were conducted on an arm’s-length basis.
In 2020, 2021 and 2022 and the six months ended June 30, 2022 and 2023, revenue recorded for providing services to related parties, including the aforementioned company controlled by Ms. Li, amounted to RMB1.7 million, RMB9.3 million, RMB81.8 million, RMB34.5 million and RMB49.5 million, respectively, representing for 0.4%, 2.0%, 14.9%, 13.3% and 16.0% of our total revenue for the same periods.
Financial Information · 第 317 页
The expenses increased from 2021 to 2022, which was primarily due to the technical service fees of RMB11.8 million we incurred for testing and implementation of our North Star System for our automobile dealership operation management services.
Financial Information · 第 318 页
In the six months ended June 30, 2023, we made a purchase of RMB5.7 million from a related party for the North Star System for the provision of our automobile dealership operation management services.
天津建设发展集团股份公司Tianjin Construction Development Group Co., Ltd.02515.HK
向关联方及第三方的非贸易垫款与往来款
Advances to a related party amounted to RMB0.2 million, RMB9.0 million, nil and nil during the Track Record Period, respectively.
Financial Information · 第 369 页
As of the Latest Practicable Date, we have ceased to make any such non-trade nature advances to third parties, and implemented enhanced internal control measures since May 2023 to ensure any lending and short-term financing activities will be reviewed and approved by the Board before execution.
Financial Information · 第 369 页
The above amounts due to related parties and amounts due to third parties are unsecured, non-interest bearing and are repayable on demand, and will be settled prior to Listing.
Track Record Period, we entered into a number of related party transactions, primarily including (1) purchase of medical equipment from related parties, (2) fund advances and interest expenses on borrowings from related parties, (3) fund advances to related parties, (4) provision of management and technical support services to related parties, and (5) certain services provided by related parties.
Financial Information · 第 372 页
Save for the amounts due to Guangzhou Medstar under the transaction as further described in “Relationship with our Controlling Shareholders—Independence from the Controlling Shareholders—Financial Independence,” we plan to settle all non-trade amounts due from/to related parties prior to the Listing.
Financial Information · 第 373 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 at arm’s length with reference to normal commercial terms, and did not distort our track record results or make our historical results not reflective of our future performance.
Our amounts due to related parties amounted to approximately RMB73.6 million, RMB147.6 million, RMB11.5 million and RMB11.8 million as at 31 December 2020, 2021 and 2022 and 30 June 2023, respectively, mainly represented (i) funds advanced by Mr. Xian and Mr. Sang; and (ii) Listing expenses paid by Zhongshen Hengtai on behalf of our Group.
Financial Information · 第 325 页
All balances were nontrade in nature, unsecured, interest-free and repayable on demand. All outstanding balances of amounts due to related parties has been capitalised in December 2023.
The amounts due were non-trade in nature, unsecured, interest free and repayable on demand, and are expected to be settled before the Listing.
Financial Information · 第 353 页
Our Directors are of the view that these related party transactions were conducted on an arm's length basis and these transactions would not distort our track record results nor make the historical results not reflective of our future performance.
During the Track Record Period, substantially all of our balances with related parties were trade in nature.
Financial Information · 第 318 页
Our Directors believe that these transactions were conducted in the ordinary and usual course of business, and did not distort our results of operations or make our historical results unreflective of our future performance.
Financial Information · 第 319 页
The balances of other receivables with related parties, which are non-trade in nature, had been subsequently settled in November 2023.
These transactions primarily include but not limited to (i) loans and borrowings to related parties and the repayment of loans and borrowings that were non-trade in nature; and (ii) sales of products to a company in 2020 that were trade in nature.
Financial Information · 第 340 页
As of December 31, 2020, 2021 and 2022 and June 30, 2023, amounts due from related parties was RMB1.2 million, RMB0.6 million, nil and nil, respectively.
Financial Information · 第 340 页
It is the view of our Directors that our transactions with related parties during the Track Record Period was conducted on an arm's length basis and with normal commercial terms between the relevant parties.
普洱澜沧古茶股份有限公司PU’ER LANCANG ANCIENT TEA CO., LTD.06911.HK
向合营企业云南景岩采购茶叶服务
We received tea leaf sourcing and procurement services from Yunnan Jingyan, primarily including overall coordination, quality control and logistics and settlement in 2022 and the six months ended June 30, 2023.
Business · 第 228 页
The transaction amount of service fees with Yunnan Jingyan for 2022 and the six months ended June 30, 2023 was RMB3.2 million and RMB1.6 million, respectively, representing 1.11% and 1.16% of our total purchase from suppliers in the same periods, respectively.
Business · 第 228 页
Considering that Pu’er Guming held only approximately 0.95% of the total issued capital of the Company as of the Latest Practicable Date and such partners of Ancient Iland are limited partners of Pu’er Guming without involving in decision-making of Pu’er Guming, our Directors are of the view that their shareholding relationship with us does not have any significant influence on our transactions with Yunnan Jingyan, and our transactions with Yunnan Jingyan were conducted under ordinary and normal commercial terms and were fair and reasonable.
普洱澜沧古茶股份有限公司PU’ER LANCANG ANCIENT TEA CO., LTD.06911.HK
第三方持股自营店及集团参股经销商门店
During the Track Record Period, certain independent third parties had interests in certain self-operated stores of ours, ranging from 20.0% to 49.0% of the equity interests in these stores.
Business · 第 193 页
During the same period, we had interests in certain distributor-operated stores, all of which were exclusive stores, ranging from 20.0% to 45.0% of the equity interests in these stores.
Business · 第 193 页
The investment from independent third parties in our self-operated stores and our investment in certain distributor-operated stores were both conducted in the ordinary course of business under normal commercial terms and at arm’s length.
As at 31 December 2020, 2021 and 2022 and 30 June 2023, we had balances due to Dahedong amounted to approximately RMB36.3 million, RMB36.3 million, nil and nil, respectively.
Financial Information · 第 403 页
On 5 June 2020, our Group has entered into a deed of waiver with Majestic Gold to waive the debt amounted to CAD62.1 million (equivalent to approximately RMB322.8 million) due to Majestic Gold.
Financial Information · 第 403 页
The balances due from Dahedong was relating to unpaid capital contribution by Dahedong to Yantai Zhongjia, which amounts were non-trade, unsecured, interest-free and repayable on demand. Such balances were fully settled on 13 November 2023.
泛远国际控股集团有限公司FAR International Holdings Group Company Limited02516.HK
与Yidatong的交易按公平原则进行
With respect to the related party transactions set forth in Note 35 to the Accountants’ Report set out in Appendix I to this prospectus, our Directors confirmed that the transaction were conducted on arm’s length basis and based on normal commercial terms and the transaction was fair and reasonable and in the interest of our Company and our Shareholders as a whole.
Financial Information · 第 417 页
The service fees paid by Yidatong were determined through arm’s length negotiations with reference to prevailing market rates.
The amount due to Jinma Energy which is non-trade nature was unsecured and interest-free and had no fixed repayment terms, and had been settled in FY2022.
Financial Information · 第 383 页
For the balance of non-trade nature, the amount represented amounts provided to Xinyang Jingang for the purpose for their operation. The amount was unsecured and interest bearing at 5% and repayable on 31 December 2023. The amounts are expected to be settled upon the Listing.
Financial Information · 第 379 页
With respect to the related party transactions set forth in the Accountants’ Report in Appendix I to this prospectus, 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.