| MATERIAL RELATED PARTY TRANSACTIONS |
27MATERIAL RELATED PARTY TRANSACTIONS (a)Name and relationship with related parties | | | Name of related parties | | Relationship with the Group | Dr. Tony Xu Han | | Founder, Chairman, Executive Director and CEO | Dr. Yan Li | | Co-founder, Executive Director and Chief Technology Officer | | | | Ms. Jennifer Xuan Li | | Chief Financial Officer and Head of International | Mr. Qingxiong Yang | | Vice President | Mr. Jean-François Salles | | Non-Executive Director | Mr. Ichijo Futakawa (appointed on April 21, 2026) | | Non-Executive Director | Mr. David Zhang (張彤) | | Independent Director | Ms. Huiping Yan | | Independent Director | Dr. Tony Fan-cheong Chan | | Independent Director | Mr. Grégoire de Franqueville (resigned on March 5, 2025) | | Former Non-Executive Director | Mr. Takao Asami (resigned on March 24, 2025) | | Former Non-Executive Director | Mr. Kazuhiro Doi (resigned on March 31, 2026) | | Former Non-Executive Director | Alliance Automotive R&D (Shanghai) Co., Ltd., Alliance Ventures, B.V. and Nissan Mobility Service Co., Ltd. (collectively “Alliance affiliates”) | | Affiliates of a shareholder | Guangzhou Yuji Technology Co., Ltd. and its subsidiaries (collectively “Yuji affiliates”) | | Entity controlled by a close family member of Dr. Tony Xu Han |
(b)Other transactions with related parties In addition to the transactions disclosed elsewhere in this report, the Group entered into the following continuing material related party transactions during the periods presented: 27MATERIAL RELATED PARTY TRANSACTIONS (CONTINUED) | | | | | | | For the six months ended | | | June 30, | | | 2025 | | 2026 | | | RMB’000 | | RMB’000 | Sales of goods to: | | | | | Alliance affiliates | | — | | 1,445 | | | | | | Service rendered to: | | | | | Alliance affiliates | | 6,058 | | 5,320 | | | | | | Purchases of services from: | | | | | Yuji affiliates | | 32,379 | | 41,920 | | | | | | Payments made on behalf of customers to: | | | | | Yuji affiliates | | 2,734 | | — | | | | | | Disposal of property and equipment to: | | | | | Yuji affiliates | | 1,431 | | — |
(c) Balances with related parties | | | | | | | As of December 31, | | As of June 30, | | | 2025 | | 2026 | | | RMB’000 | | RMB’000 | Trade related | | | | | Trade receivables from: | | | | | Alliance affiliates | | 590 | | 4,369 | Less: loss allowance | | (16) | | (95) | Trade receivables, net of loss allowance | | 574 | | 4,274 | Prepayments to: | | | | | Yuji affiliates | | 8,436 | | 13,943 | Prepayments to and amounts due from related parties | | 9,010 | | 18,217 | Trade related | | | | | Amounts due to related parties | | | | | Yuji affiliates | | 1,949 | | 7,910 | | | 1,949 | | 7,910 |
As of December 31, 2025 and June 30, 2026, amounts due from related parties are unsecured, interest-free and repayable on demand.
|