Accounts and other payables and contract liabilities

Employee benefits payables

Contract liabilities from retail credit and enablement service

Tax payable

Payable to cooperation banks (a)

Other deposits payable

Payable to external suppliers (c)

Trust management fee payable (c)

Cash compensation of Class C ordinary shares restructuring

Unpaid redemption consideration for convertible promissory notes 

Payable to investees

Payable for purchased assets

Others (b)

 

 

 

 

 

 

 

 

 

 

 

 

Payable to cooperative banks is related to the restricted cash that is generated from a risk sharing business with banks. Under such business arrangements, the Group provides loan enablement services for loans originated by banks and is paid a variable fee determined based on the performance of underlying loans facilitated by the Group. On a monthly basis, the Group receives fixed service fees from the cooperation banks based on a fixed percentage of loans originated in restricted cash accounts. The service fees will be adjusted based on actual performance of the loans originated under this business upon maturity.

Others comprise miscellaneous items including advances from customers and others with immaterial individual balances.

As of December 31, 2022, 2023 and 2024, the aging of payable to external suppliers and trust management fee payable are all within 1 year.