The
table below sets forth the related parties and their relationships with the Group as of December 31, 2024 and 2025:
SCHEDULE OF TABLE SETS FORTH THE MAJOR RELATED PARTIES AND THEIR RELATIONSHIPS WITH THE GROUP
Name
of related parties |
|
Relationship
with the Group |
| |
|
|
| Abundant
Grace Investment Limited |
|
Principal
shareholder |
| Pintu
Beijing |
|
Significantly
influenced by principal shareholder |
| Lightwind
Global Limited (“Lightwind”) |
|
Significantly
influenced by principal shareholder |
| Fame
Dragon Global Limited |
|
Affiliate
of Abundant Grace Investment Limited |
| Abundant
Glory Investment L.P. |
|
Affiliate
of Abundant Grace Investment Limited |
| Astral
Success Limited |
|
Principal
shareholder |
| Brightest
Sky Limited |
|
Affiliate
of Astral Success Limited |
| Joy
Capital III, L.P |
|
Affiliate
of Astral Success Limited |
| Kun
Dai |
|
Chief
Executive Officer and director |
| Xin
Gao Group Limited |
|
Controlled
by Mr. Kun Dai, the chief executive officer |
| Bin
Li |
|
Director |
| Erhai
Liu |
|
Director
|
| Cheng
Lu |
|
Director
|
| Li
Ying |
|
Director
|
| John
Zhuang Yang |
|
Director
|
| Wenbing
Jing |
|
President |
| Feng
Lin |
|
Chief
Financial Officer |
| Zhitian
Zhang |
|
Chief
Operating Officer |
| Chengbin
Li |
|
Chief
Technology Officer |
| (i) | | On
February 22, 2024, the Company entered into a 1one-year
loan agreement with Mr. Kun Dai, pursuant to which the Company borrowed RMB7.0
million from Mr.
Kun Dai at an annual interest rate of 6%.
The loan has been totally repaid by April 9, 2025. |
Except for the loan mentioned
above, the loans obtained from Pintu Beijing (Note 7), the senior convertible preferred shares, warrants and forward contracts issued
to NIO Capital, Joy Capital and Xin Gao (Note 14), the forward contract issued to Lightwind (Note 7 and 16), the share subscription
agreements with Fame Dragon Global Limited, Abundant Grace Investment Limited, Abundant Glory
Investment L.P. and Joy Capital (Note 16), and the share incentives for directors and senior management
(Note 17), there were no material related party transactions for the fiscal year ended March 31, 2024, the nine months ended December
31, 2024 and the year ended December 31, 2025 and balances as of December 31, 2024 and 2025.
|