| Schedule of Major Subsidiaries of VIEs |
|
As of December 31, 2023,
the Company’s major subsidiaries, major VIEs and major subsidiaries of VIEs are as follows:
| | | Place and | | Percentage of | | | | | | year of | | direct or indirect | | | | Major Subsidiaries | | incorporation | | economic ownership | | Principal activities | | TuanChe Information Limited (“TuanChe Information”) | | Hong Kong, PRC 2012 | | 100 | | Investment holding | | TuanYuan Internet Technology (Beijing) Co., Ltd. (“TuanYuan”) | | Beijing, PRC 2013 | | 100 | | Technical support and consulting services, auto shows, special promotion events, online marketing services | | Longye International Limited (“Longye”) | | Cayman Islands 2018 | | 100 | | Investment holding | | Long Ye Information Technology Limited | | Hong Kong, PRC 2018 | | 100 | | Investment holding | | Beijing Sangu Maolu Information Technology Co., Ltd. (“Sangu Maolu”) | | Beijing, PRC 2019 | | 100 | | Technical support and consulting services | | Chema Technology (Beijing) Co., Ltd. (“Chema”) | | Beijing, PRC 2018 | | 100 | | Technical support and consulting services |
| | | Place and | | Percentage of | | | | | | year of | | direct or indirect | | | | Major VIEs | | incorporation | | economic ownership | | Principal activities | | TuanChe Internet Information Service (Beijing) Co., Ltd. (“TuanChe Internet”) | | Beijing, PRC 2012 | | 100 | | Auto shows, special promotion events, online marketing services | | Shenzhen Drive New Media Co., Ltd. (“Drive New Media”) | | Shenzhen, PRC 2013 | | 100 | | Subscription and support services | | Beijing Internet Drive Technology Co., Ltd. (“Internet Drive Technology”) | | Beijing, PRC 2018 | | 100 | | Technical support and consulting services | | Hainashuke (Beijing) Technology Co., Ltd. (“Hainashuke”) | | Beijing, PRC 2018 | | 100 | | Technical support and consulting services | | | | Place and | | Percentage of | | | | | | year of | | direct or indirect | | | | Major subsidiaries of VIEs | | incorporation | | economic ownership | | Principal activities | | TuanChe (Beijing) Automobile Sales Service Co., Ltd. (“TuanChe Automobile”) | | Beijing, PRC 2015 | | 100 | | Remain dormant | | Aikesipo Exhibition Display (Tianjin) Co., Ltd. | | Tianjin, PRC 2017 | | 100 | | Auto shows |
|
| Schedule of Consolidated Financial Statements |
The
following combined financial information of the Group’s VIEs as of December 31, 2023 and June 30, 2024 and for the six months ended
June 30, 2023 and 2024 were included in the accompanying condensed consolidated financial statements of the Group as follows:
| | |
As of
December 31, | | |
As of
June 30, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | |
| | |
| | |
(unaudited) | |
| ASSETS | |
| | |
| |
| Current assets: | |
| | |
| |
| Cash and cash equivalents | |
| 3,987 | | |
| 3,532 | |
| Amount due from the subsidiaries of the Group | |
| 123,349 | | |
| 125,964 | |
| Other current assets | |
| 30,622 | | |
| 11,233 | |
| Total current
assets | |
| 157,958 | | |
| 140,729 | |
| Non-current assets: | |
| | | |
| | |
| Long-term investments | |
| 5,564 | | |
| 5,991 | |
| Operating lease right-of-use
assets | |
| 267 | | |
| 53 | |
| Total non-current
assets | |
| 5,831 | | |
| 6,044 | |
| TOTAL ASSETS | |
| 163,789 | | |
| 146,773 | |
| Current liabilities: | |
| | | |
| | |
| Short term borrowings | |
| 14,487 | | |
| 11,000 | |
| Accounts payable | |
| 838 | | |
| 3,387 | |
| Advance from customers | |
| 3,921 | | |
| 3,582 | |
| Salary and welfare benefits payable | |
| 15,017 | | |
| 8,362 | |
| Other taxes payable | |
| 3,851 | | |
| 721 | |
| Short-term operating lease liabilities | |
| 659 | | |
| 375 | |
| Current portion of deferred revenue | |
| 1,216 | | |
| 1,213 | |
| Other current liabilities | |
| 4,654 | | |
| 7,421 | |
| Account due to subsidiaries of
the Group | |
| 250,341 | | |
| 248,791 | |
| Total current
liabilities | |
| 294,984 | | |
| 284,852 | |
| Long-term borrowings | |
| 3,000 | | |
| 12,900 | |
| Long-term operating lease liabilities | |
| - | | |
| 22 | |
| Non-current portion of deferred
revenue | |
| 49 | | |
| 11 | |
| Total non-current
liabilities | |
| 3,049 | | |
| 12,933 | |
| TOTAL LIABILITIES | |
| 298,033 | | |
| 297,785 | |
| | |
For the six
months ended
June 30, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | |
| Net revenues | |
| 34,220 | | |
| 15,360 | |
| Net income/ (loss) | |
| 4,573 | | |
| (15,250 | ) |
| | |
For the six
months ended
June 30, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | |
| Net cash used in operating activities | |
| (6,083 | ) | |
| (6,868 | ) |
| Net cash generated from investing activities | |
| - | | |
| - | |
| Net cash generated from financing activities | |
| 4,235 | | |
| 6,413 | |
| Net decrease in cash, cash equivalent and restricted cash | |
| (1,848 | ) | |
| (455 | ) |
|
The following combined financial
information of the Group’s VIEs as of December 31, 2022 and 2023 and for the years ended December 31, 2021, 2022 and 2023 were included
in the accompanying consolidated financial statements of the Group as follows:
| | |
As of December 31, | |
| | |
2022 | | |
2023 | |
| | |
RMB | | |
RMB | |
| ASSETS | |
| | |
| |
| Current assets: | |
| | |
| |
| Cash and cash equivalents | |
| 6,172 | | |
| 3,987 | |
| Amount due from the subsidiaries of the Group | |
| 117,489 | | |
| 123,349 | |
| Other current assets | |
| 51,126 | | |
| 30,622 | |
| Total current assets | |
| 174,787 | | |
| 157,958 | |
| Non-current assets: | |
| | | |
| | |
| Long-term investments | |
| 5,383 | | |
| 5,564 | |
| Operating lease right-of-use assets, net | |
| 1,045 | | |
| 267 | |
| Total non-current assets | |
| 6,428 | | |
| 5,831 | |
| TOTAL ASSETS | |
| 181,215 | | |
| 163,789 | |
| Current liabilities: | |
| | | |
| | |
| Short term borrowings | |
| 1,169 | | |
| 14,487 | |
| Accounts payable | |
| 818 | | |
| 838 | |
| Advance from customers | |
| 2,986 | | |
| 3,921 | |
| Salary and welfare benefits payable | |
| 21,803 | | |
| 15,017 | |
| Other taxes payable | |
| 15,119 | | |
| 3,851 | |
| Short-term operating lease liabilities | |
| 652 | | |
| 659 | |
| Current portion of deferred revenue | |
| 1,345 | | |
| 1,216 | |
| Other current liabilities | |
| 2,508 | | |
| 4,654 | |
| Account due to subsidiaries of the Group | |
| 266,679 | | |
| 250,341 | |
| Total current liabilities | |
| 313,079 | | |
| 294,984 | |
| Long-term borrowings | |
| 1,546 | | |
| 3,000 | |
| Long-term operating lease liabilities | |
| 605 | | |
| - | |
| Non-current portion of deferred revenue | |
| 18 | | |
| 49 | |
| Total non-current liabilities | |
| 2,169 | | |
| 3,049 | |
| TOTAL LIABILITIES | |
| 315,248 | | |
| 298,033 | |
| | |
For the year ended | |
| | |
December 31, | | |
December 31, | | |
December 31, | |
| | |
2021 | | |
2022 | | |
2023 | |
| | |
RMB | | |
RMB | | |
RMB | |
| Net revenues | |
| 93,975 | | |
| 95,382 | | |
| 68,167 | |
| Net (loss)/income | |
| (30,565 | ) | |
| 19,775 | | |
| (418 | ) |
| | |
For the year ended | |
| | |
December 31, | | |
December 31, | | |
December 31, | |
| | |
2021 | | |
2022 | | |
2023 | |
| | |
RMB | | |
RMB | | |
RMB | |
| Net cash (used in)/generated from operating activities | |
| (22,124 | ) | |
| 2,483 | | |
| (15,357 | ) |
| Net cash generated from investing activities | |
| 2,920 | | |
| - | | |
| - | |
| Net cash generated from/(used in) financing activities | |
| 4,000 | | |
| (1,285 | ) | |
| 13,172 | |
| Net (decrease)/increase in cash, cash equivalent and restricted cash | |
| (15,204 | ) | |
| 1,198 | | |
| (2,185 | ) |
|