Optionally Convertible Promissory Notes

12 Months Ended

Dec. 31, 2024

Disclosure Of ordinary shares to be issued to the holders of optionally convertible promissory notes [Abstract]

37.	Optionally convertible promissory notes

On September 30, 2020, the Company issued optionally convertible promissory notes with a principal amount of USD1,158 million (equivalent of approximately RMB7,884

million) to certain holders of the Company’s Class C ordinary shares as part of the

C-round

restructuring. The Notes bear interest paid semi-annually at the rate of 6% per annum. The optionally convertible promissory notes matured on

September 30, 2023

, and the notes along with the accrued interests amounting to approximately USD

1,227 million had been fully repaid.

The Group measured the liability component of optionally convertible promissory notes at initial recognition based on the best estimate of the present value of the redemption amount and recognized the residual between the fair value of optionally convertible promissory notes and the fair value of the liability component to the equity component to reflect the value of conversion rights. Subsequent to initial recognition, the liability component of convertible promissory notes was measured at amortized cost using effective interest rate method with interest expenses recorded in the finance costs. The equity component was not

re-measured

subsequently.


	Liabilities			Equity
	RMB’000			RMB’000
Carrying value as of January 1, 2022		7,405,103			1,489,748

Interest accrued at effective interest rate		521,747			—
Interest paid		(493,134	)		—
Exchange differences		709,192			—

Carrying value as of December 31, 2022		8,142,908			1,489,748

Interest accrued at effective interest rate		407,255			—
Interest paid		(498,198	)		—
Redemption of optionally convertible promissory notes		(8,342,096	)		(1,489,748	)
Exchange differences		290,131			—

Carrying value as of December 31, 2023		—			—