What is the number of Zeekr's outstanding shares in 2024?
Indicate the number of outstanding shares of each of the company's classes of capital or common stock as of the close of the period covered by the annual report. As of December 31, 2024, there were 2,541,971,138 ordinary shares of the company, par value US\$0.0002 per share. As of the same date, there were also 41,375,116 ordinary shares of the company that were deemed issued but not outstanding in relation to the company’s 2021 Share Incentive Plan. Indicate by check mark if the company is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. If this report is an annual or transition report, indicate by check mark if the company is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections. Indicate by check mark whether the company (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [Table Level]  
- Table Title: Changes in Shareholders' Deficit for company Intelligent Technology Holding Limited  
- Table Summary: The table details the changes in the shareholders' deficit for company Intelligent Technology Holding Limited over the year ending December 31, 2024. It provides information on ordinary shares, preferred shares, treasury shares, additional paid-in capital, accumulated deficit, and shareholder interests, among other metrics. The data illustrates adjustments due to share issuance, conversion, net losses, and other compensatory actions.  
- Context: This table continues from prior statements outlining changes in shareholders' deficit for company Intelligent Technology Holding Limited from the start of 2024. It is accompanied by notes that are part of company Intelligent Technology Holding Limited's consolidated financial statements and precedes similar financial statements for cash flows through 2022 to 2024.  
- Special Notes: All financial amounts are presented in RMB and the amounts are listed in thousands, excluding share and per-share data. Specific financial transactions such as IPOs and currency adjustments are marked throughout.  

[Row Level]  
Row 1: As of January 1, 2024, there were 2,000,000,000 ordinary shares outstanding with a base value of RMB 2,584 and 265,846,254 preferred shares valued at RMB 362. The additional paid-in capital stood at RMB 11,213,798, with an accumulated deficit of RMB (20,865,686). The total shareholders' deficit amounted to RMB (8,678,600).  

Row 2: Following an initial public offering, 241,500,000 ordinary shares were issued, bringing in RMB 349, while incurring issuance costs of RMB 79,138. This transaction increased additional paid-in capital by RMB 3,464,995. The total company Intelligent Technology Holding Limited deficit decreased to RMB (9,631,387), and the total deficit shifted to RMB 3,465,344.  

Row 3: Upon the IPO consummation, 265,846,254 preferred shares were converted into ordinary shares, altering their value by RMB (362) each, thus eliminating their individual outstanding values in favor of the increased ordinary shares category.  

Row 4: An additional 45,555,414 shares were issued on vesting RSUs at RMB 66, contributing to the shares outstanding balance and maintaining the total shareholders' deficit at RMB 66.  

Row 5: A repurchase of 10,930,530 ordinary shares occurred without issuing preferred shares. This action resulted in an increase in treasury shares valued at RMB 10,930,530 and contributed RMB (186,812) to the accumulated deficit, while adjusting other values accordingly and leading to a notable deficit change to RMB (6,423,570).  

Row 6: Recorded net loss added a significant RMB (6,423,570) to the accumulated deficit, simultaneously reflecting the total shareholders' deficit as RMB (5,790,649).  

Row 7: Share-based compensation actions attributed an increase of RMB 1,078,296 to additional paid-in capital, yet maintained the current deficit figures and displayed a substantially unchanged position in shareholders’ deficit.  

Row 8: A foreign currency translation adjustment adjusted the accumulated other comprehensive income by RMB (40,474) while leaving total shareholder figures and other aspects largely unaffected or maintained.  

Final Row: As of December 31, 2024, 2,541,971,138 ordinary shares remain outstanding, valued at RMB 3,361 along with total treasury shares totaling 10,930,530 in number with RMB 10,930,530. This concluded the year with an additional paid-in capital recorded as RMB 15,757,089, while accumulated deficits sum to RMB (186,812), and total shareholders’ deficit now holds at RMB (10,152,829). * Less than 1% of the company's total outstanding shares. For each individual and group included in this table, percentage ownership is calculated by dividing the number of shares beneficially owned by such individual or group by the sum of (i) 2,541,971,138 ordinary shares, being the number of ordinary shares issued and outstanding as of February 28, 2025, and (ii) the number of ordinary shares underlying share options (if any) held by such individual or group that are exercisable within 60 days after February 28, 2025. $\ast \ast \ast$ For each person and group included in this column, the percentage of voting power is calculated by dividing the voting power beneficially owned by such person or group by the voting power of all of the company's ordinary shares. † The address of the company's directors and executive officers is Room 2301, Building 1, Dadao Wangchao Shangwu Center, Yingfeng Street, Xiaoshan District, Hangzhou, Zhejiang, People’s Republic of China. Row 13 represents the percentage that is calculated based on a total of 2,541,971,138 Ordinary Shares of the Issuer issued and outstanding as reported in the Issuer's annual report on Form 20-F for the fiscal year ended on December 31, 2024. Comment for Row 13 represents the percentage that is calculated based on a total of 2,541,971,138 Ordinary Shares of the Issuer issued and outstanding as reported in the Issuer's annual report on Form 20-F for the fiscal year ended on December 31, 2024.
The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to the company's mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by its strong in-house R&D capabilities, high operational flexibility, and flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to its mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). [Table Level]  
- Table Title: Condensed Balance Sheets as of December 31, 2023 and 2024  
- Table Summary: The table presents condensed balance sheets for the company as of December 31 for the years 2023 and 2024, with values expressed in RMB for both years and additionally in US$ for 2024. It itemizes assets, liabilities, and shareholders' deficit.  
- Context: The table is part of a financial statement schedule, detailing the financial position of the company, following a mergers and acquisitions financing agreement related to the acquisition of Lynk&Co, which included loans with varying maturities, secured by Geely Holding.  
- Special Notes: Amounts are presented in thousands, except for share and per share data. The 2024 figures are provided in both RMB and US$. Note 2d is referenced regarding US$ values.  

[Row Level]  
Row 1: In 2023, cash and cash equivalents for the company totaled RMB225,908 thousand, whereas in 2024, cash and cash equivalents significantly increased to RMB646,933 thousand and correspond to US$88,629 thousand.  
Row 2: Other current assets decreased sharply from RMB25,641 thousand in 2023 to RMB2,284 thousand in 2024, which is equivalent to US$313 thousand.  
Row 3: Amounts due from subsidiaries were RMB7,012 thousand in 2023 and increased to RMB52,343 thousand in 2024, translating to US$7,171 thousand.  
Row 4: Total assets of the company rose from RMB258,561 thousand in 2023 to RMB701,560 thousand in 2024, equal to US$96,113 thousand.  
Row 5: Amounts due to subsidiaries were non-applicable for 2023 but amounted to RMB245,411 thousand in 2024, corresponding to US$33,621 thousand.  
Row 6: Amounts due to related parties in 2023 were unlisted; in contrast, they reached RMB172 thousand in 2024, which is US$24 thousand.  
Row 7: Accruals and other current liabilities increased from RMB8,488 thousand in 2023 to RMB16,721 thousand in 2024, equal to US$2,291 thousand.  
Row 8: Deficits of investments in subsidiaries were RMB9,881,460 thousand in 2023 and increased to RMB12,177,793 thousand in 2024, converting to US$1,668,351 thousand.  
Row 9: Total liabilities increased from RMB9,889,948 thousand in 2023 to RMB12,440,097 thousand in 2024, corresponding to US$1,704,287 thousand.  
Row 10: Ordinary shares were valued at RMB2,584 thousand in 2023 and increased to RMB3,361 thousand in 2024, translating to US$460 thousand.  
Row 11: Preferred shares were RMB362 thousand in 2023 and marked as not applicable afterwards.  
Row 12: Additional paid-in capital rose dramatically from RMB11,213,798 thousand in 2023 to RMB15,757,089 thousand in 2024, equal to US$2,158,712 thousand.  
Row 13: The value of treasury shares was not applicable in 2023 and was RMB(186,812) thousand in 2024, which corresponds to US$(25,593) thousand.  
Row 14: Accumulated deficits were RMB(20,865,686) thousand in 2023, increasing adversely to RMB(27,289,256) thousand in 2024, signifying US$(3,738,613) thousand.  
Row 15: Accumulated other comprehensive loss amounted to RMB17,555 thousand in 2023 and fell to RMB(22,919) thousand in 2024, equal to US$(3,140) thousand.  
Row 16: Total shareholders’ deficit worsened from RMB(9,631,387) thousand in 2023 to RMB(11,738,537) thousand in 2024, amounting to US$(1,608,174) thousand.  
Row 17: Total liabilities and shareholders’ deficit remained consistent with total assets, concluding at RMB258,561 thousand in 2023 and increasing to RMB701,560 thousand in 2024, equal to US$96,113 thousand. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, as well as a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. As a testament to the popularity of the company's current vehicle models and its capabilities, the company has achieved a total delivery of 10,000 units of the ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end new energy vehicle (NEV) models and premium battery electric vehicle (BEV) models in China. In October 2022, the company delivered 10,119 units of the ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. As a testament to the popularity of the company's current vehicle models and its capabilities, the company has achieved a total delivery of 10,000 units of the ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end new energy vehicle (NEV) models and premium battery electric vehicle (BEV) models in China. In October 2022, the company delivered 10,119 units of the ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over. As of the date of this prospectus, there are 2,000,000,000 ordinary shares, 126,470,585 series pre-A preferred shares, and 139,375,669 series A preferred shares issued and outstanding. All of the company's issued and outstanding ordinary shares are fully paid. Immediately prior to the completion of this offering, all of the company's issued and outstanding preferred shares will be converted into ordinary shares on a one-for-one basis. The company plans to adopt an amended and restated memorandum and articles of association, which will become effective and replace the current second amended and restated memorandum and articles of association in its entirety immediately prior to the completion of this offering. The company's authorized share capital upon completion of the offering will be US\$1,000,000 divided into 5,000,000,000 ordinary shares of a par value of US\$0.0002 each. The company will issue 210,000,000 ordinary shares represented by ADSs in this offering, assuming the underwriters do not exercise their option to purchase additional ADSs. All incentive shares, including options, restricted shares, and restricted share units, regardless of grant dates, will entitle holders to an equivalent number of ordinary shares once the vesting and exercising conditions are met. The following are summaries of material provisions of the company's post-offering amended and restated memorandum and articles of association and the Companies Act insofar as they relate to the material terms of the company's ordinary shares that are expected to become effective upon the closing of this offering. As of the date of this prospectus, there are 2,000,000,000 ordinary shares, 126,470,585 series pre-A preferred shares, and 139,375,669 series A preferred shares issued and outstanding. All of the company's issued and outstanding ordinary shares are fully paid. Immediately prior to the completion of this offering, all of the company's issued and outstanding preferred shares will be converted into ordinary shares on a one-for-one basis. The company plans to adopt an amended and restated memorandum and articles of association, which will become effective and replace the current second amended and restated memorandum and articles of association in its entirety immediately prior to the completion of this offering. The company's authorized share capital upon completion of the offering will be US\$1,000,000 divided into 5,000,000,000 ordinary shares of a par value of US\$0.0002 each. The company will issue 175,000,000 ordinary shares represented by ADSs in this offering. All incentive shares, including options, restricted shares, and restricted share units, regardless of grant dates, will entitle holders to an equivalent number of ordinary shares once the vesting and exercising conditions are met. The following are summaries of material provisions of the company's post-offering amended and restated memorandum and articles of association and the Companies Act insofar as they relate to the material terms of the company's ordinary shares that the company expects will become effective upon the closing of this offering. * The shares held by each of these directors and executive officers represent less than 1% of the company's total outstanding shares. Certain awards shown in this table were issued under the 2021 Plan to replace the awards previously granted to these individuals under the previous share incentive plans. As of December 31, 2024, the company's employees and other qualified individuals, excluding the company's directors and executive officers as a group, held a total of 103,861,995 RSUs granted under the 2021 Plan. The company had an unstable and volatile financial performance. The company's total revenue increased significantly by RMB24,240.1 million, or approximately 46.9%, from RMB51,672.6 million in 2023 to RMB75,912.7 million (US$10,400.0 million) in 2024. The increase was primarily due to the increase in (i) vehicle sales of RMB21,403.5 million and (ii) sales of batteries and other components of RMB2,101.2 million. The company's total revenue increased significantly by RMB19,773.2 million, or approximately 62.0%, from RMB31,899.4 million in 2022 to RMB51,672.6 million in 2023. The increase was primarily due to the increase in (i) vehicle sales of RMB14,240.5 million and (ii) sales of batteries and other components of RMB4,374.8 million. However, although the company's revenue from vehicle sales and sales of batteries and other components increased significantly, the company might experience volatility or not be able to maintain a similar increase rate, which could adversely affect the company's financial condition and results of operation. Furthermore, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company's net loss decreased by RMB2,473.5 million, where the company recorded a net loss of RMB5,790.6 million (US$793.3 million) in 2024, compared to a net loss of RMB8,264.2 million in 2023. The company incurred a significant increase of RMB609.1 million in net loss and recorded a net loss of RMB8,264.2 million in 2023, compared to a net loss of RMB7,655.1 million in 2022. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. [Table Level]
- Table Title: company Intelligent Technology Holding Limited Combined and Consolidated Balance Sheet
- Table Summary: The table presents the balance sheet of company Intelligent Technology Holding Limited, detailing ordinary and preferred shares, additional paid-in capital, paid-in capital in combined companies, retained earnings, and other comprehensive income for the years ending December 31, 2020, 2021, and 2022. It also includes the total equity for company Intelligent Technology Holding Limited and non-controlling interests, culminating in the total shareholders' equity.
- Special Notes: Values are presented in thousands of RMB, with a focus on share quantities and different equity components.

[Row Level]
Row 1: As of the latest reporting period, company Intelligent Technology Holding Limited holds 2,000,000,000 ordinary shares valued at RMB 2,584 and 75,882,351 preferred shares valued at RMB 98. The additional paid-in capital stands at RMB 4,269,555, with paid-in capital in combined companies listed as RMB 697,517. Retained earnings show a deficit of RMB 4,584,927, and accumulated other comprehensive income registers at a loss of RMB 46,766. The total equity for company Intelligent Technology Holding Limited is RMB 338,061, while non-controlling interest amounts to RMB 591,365, resulting in total shareholders' equity of RMB 929,426.

Row 2: During the reported changes, no value alterations occurred in ordinary shares. However, there was a recent issuance causing preferred shares to increase to a total of 126,470,585 shares, valued at RMB 162, with an additional paid-in capital increase to RMB 5,705,305. Retained earnings (or accumulated deficit) worsened to RMB 12,518,706, while accumulated other comprehensive losses improved slightly to RMB 32,210. company Intelligent Technology Holding Limited's total equity (deficit) reflects a decline, now at RMB 6,842,865, whereas non-controlling interest improved to RMB 869,998, leading to a total shareholders' equity of RMB 5,972,867 in the negative. Issuance of preferred shares  
Acquisition of CEVT in connection with the Reorganization (Note 1)  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2022 Accompanying notes are an integral part of these combined and consolidated financial statements. Balance as of January 1, 2023  
Issuance of preferred shares  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2023 [Table Level]
- Table Title: company Intelligent Technology Holding Limited - Statement of Changes in Shareholders' Deficit for the Year Ended December 31, 2023
- Table Summary: This table outlines the changes in shareholders' deficit for company Intelligent Technology Holding Limited for the year ending December 31, 2023. Key elements include share counts, amounts in RMB for ordinary and preferred shares, additional paid-in capital, accumulated deficit, other comprehensive income, and portions attributed to non-controlling interest.
- Context: The statements presented are integral parts of combined and consolidated financial information, focusing on changes in shareholders’ deficit. Yearly adjustments are captured in this table, contributing to a comprehensive financial overview.
- Special Notes: All financial data is presented in RMB and amounts are stated in thousands. Footnotes specify that details such as share counts and per share data are exceptions to this notation.

[Row Level]
Row 1: As of January 1, 2023, company Intelligent Technology Holding Limited started with 2,000,000,000 ordinary shares valued at 2,584 RMB, and 126,470,585 preferred shares valued at 162 RMB. The additional paid-in capital recorded was 5,705,305 RMB, and the accumulated deficit stood at 12,518,706 RMB. Accumulated other comprehensive loss was 32,210 RMB. company Intelligent Technology Holding Limited's overall deficit was reported as 6,842,865 RMB, while non-controlling interest amounted to 869,998 RMB, culminating in a total shareholders' deficit of 5,972,867 RMB.

Row 2: During the year, preferred shares were further issued, increasing count by 139,375,669 shares leading to an RMB increase of 200, while additional paid-in capital was adjusted to reflect a deduction of 5,372,844 RMB. Accumulated deficit was further adjusted, decreasing by 8,346,980 RMB. Total company Intelligent Technology Holding Limited's deficit was adjusted to show a decrease of 8,346,980 RMB and non-controlling interest increased by 82,789 RMB, affecting total shareholders’ deficit to a decrease of 8,264,191 RMB.

Row 3: Adjustments included an additional increase in paid-in capital by 135,649 RMB, with corresponding improvements to the overall deficit by the same amount. Accumulated comprehensive income increased by 49,765 RMB, improving the overall total company Intelligent Technology Holding Limited's deficit by this amount. Non-controlling interest did not change during this adjustment period. Total shareholders’ deficit was improved further by 135,649 RMB.

Row 4: At table's end on December 31, 2023, the ordinary share count remained at 2,000,000,000 continuing with an evaluation of 2,584 RMB. Preferred share count ended at 265,846,254 with a final valuation of 362 RMB. The total additional paid-in capital finalized at 11,213,798 RMB, while accumulated deficit reached 20,865,686 RMB. Accumulated other comprehensive income settled at 17,555 RMB. company Intelligent Technology Holding Limited's company deficit totaled 9,631,387 RMB, with non-controlling interest at 952,787 RMB. The cumulative total shareholders' deficit ended at 8,678,600 RMB. [Table Level]
- Table Title: company Intelligent Technology Holding Limited Shareholders' Deficit and Total Liabilities as of December 31, 2022, and June 30, 2023
- Table Summary: The table presents the shareholders' deficit and total liabilities for company Intelligent Technology Holding Limited on two specific dates: December 31, 2022, and June 30, 2023. It details ordinary and convertible preferred shares, additional paid-in capital, accumulated deficits, and comprehensive income or loss, highlighting changes over time in RMB and USD.
- Context: The data provided is a condensed financial snapshot of company's balance sheets, focusing primarily on equity aspects for the stated periods. The context indicates that these figures are presented for reader convenience and are subject to specific currency conversion caveats.
- Special Notes: All values are in thousands, except for share and per share amounts. The USD figures are converted using a specific exchange rate, as noted.

[Row Level]
Row 1: As of December 31, 2022, the number of ordinary shares (with a par value of US$0.0002) held by company Intelligent Technology Holding Limited was 2,000,000,000 with an associated value of 2,584 RMB.
Row 2: As of June 30, 2023, the ordinary shares remained at 2,000,000,000, valued at 2,584 RMB or $356 USD.
Row 3: On December 31, 2022, company Intelligent Technology Holding Limited held 126,470,585 convertible preferred shares with an associated value of 162 RMB.
Row 4: By June 30, 2023, the number of convertible preferred shares increased to 261,463,568, with a value of 356 RMB or $49 USD.
Row 5: company Intelligent Technology Holding Limited's additional paid-in capital was recorded at 5,705,305 RMB on December 31, 2022.
Row 6: This amount grew to 10,979,770 RMB by June 30, 2023, and converts to $1,514,180 USD.
Row 7: The accumulated deficits were reported as (12,518,706) RMB as of December 31, 2022.
Row 8: As of June 30, 2023, these deficits increased to (16,402,736) RMB or (2,262,041) USD.
Row 9: company Intelligent Technology Holding Limited experienced an accumulated other comprehensive loss of (32,210) RMB at the end of 2022.
Row 10: By mid-2023, this position reversed to an accumulated other comprehensive income of 14,111 RMB, equivalent to 1,946 USD.
Row 11: The total shareholders' deficit for company Intelligent Technology Holding Limited was (6,842,865) RMB as of December 31, 2022.
Row 12: By June 30, 2023, the shareholders’ deficit reduced to (5,405,915) RMB or (745,510) USD.
Row 13: The non-controlling interest stood at 869,998 RMB on December 31, 2022.
Row 14: This amount increased to 883,450 RMB or 121,833 USD by June 30, 2023.
Row 15: company Intelligent Technology Holding Limited's total shareholders’ deficit was (5,972,867) RMB as of the end of 2022.
Row 16: This reduced to (4,522,465) RMB or a deficit of (623,677) USD by June 30, 2023.
Row 17: The total liabilities and shareholders' deficit totaled 19,477,316 RMB on December 31, 2022.
Row 18: By June 30, 2023, this total was 21,485,258 RMB or 2,962,953 USD. [Table Level]
- Table Title: Consolidated Balance Sheets as of December 31, 2023 and 2024
- Table Summary: This table presents the consolidated balance sheets for company Intelligent Technology Holding Limited, detailing the accounting figures as of December 31, 2023, and 2024 in RMB, with an additional column converting 2024 figures into USD. It reflects current liabilities and shareholder's deficit with various financial data points compared across the two years.
- Context: The data comes from company's combined and consolidated financial statements, with amounts given in thousands, except for share and per share data. This table is part of a broader financial summary covering multiple years of operation.
- Special Notes: The currency in the table switches from RMB for 2023 and 2024 to USD for 2024, with a note (Note 2(d)) for further clarification.

[Row Level]
Row 1: As of December 31, 2024, company Intelligent Technology Holding Limited had RMB 30,300 and the equivalent of USD 4,151 in this specific financial line item. There is no corresponding figure for December 31, 2023.
Row 2: The line item recorded RMB 4,104,717 for 2023 and slightly decreased to RMB 4,072,312 in 2024. In USD, this amount was 557,904 for 2024.
Row 3: In 2023, company Intelligent Technology Holding Limited reported RMB 5,504,945, which significantly increased to RMB 12,990,599 in 2024. The corresponding amount in USD for 2024 was 1,779,705.
Row 4: For 2023, the account held RMB 16,355,902, whereas in 2024, it reported a decrease to RMB 14,509,628. The USD equivalent for 2024 was 1,987,811.
Row 5: RMB 108,083 was noted in 2023, and this amount reduced to RMB 60,856 in 2024. The equivalent in USD for 2024 was 8,337.
Row 6: As of December 31, 2023, an amount of RMB 6,243,956 was recorded, increasing to RMB 8,478,772 in 2024, with the USD equivalent being 1,161,587.
Row 7: The total for these line items for 2023 was RMB 32,317,603, rising to RMB 40,142,467 in 2024, with the USD figure for 2024 being 5,499,495.
Row 8: There was no figure for 2023, but 2024 recorded RMB 414,180 and USD 56,742 in this line item.
Row 9: The 2023 value was RMB 1,807,159, reduced to RMB 1,491,486 in 2024. This amount in USD for 2024 was 204,333.
Row 10: An amount of RMB 1,100,000 was listed for 2023, with no corresponding 2024 or USD equivalent.
Row 11: The line item read RMB 563,001 in 2023, increasing to RMB 718,164 in 2024, with the USD equivalent being 98,388.
Row 12: In 2023, the figure was RMB 8,337, and it rose to RMB 57,252 in 2024. The USD equivalent was 7,843 for 2024.
Row 13: The total for these line items was RMB 3,478,497 for 2023, decreasing to RMB 2,681,082 in 2024, with the USD for 2024 equating to 367,306.
Row 14: The grand total for all items was RMB 35,796,100 in 2023, increasing to RMB 42,823,549 in 2024, with the USD equivalent for 2024 being 5,866,801. ```
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``` *[I'm unable to process the image or extract the table information.]* *Table Level*  
- Table Title: company Intelligent Technology Holding Limited Shareholders' Equity Arrangement  
- Table Summary: This table represents the changes in shareholders' equity components for company Intelligent Technology from ordinary shares and preferred shares to various capital accounts, accumulated deficits, and total equity, recorded in RMB, as of certain key dates.  
- Context: The table is part of a financial disclosure detailing company's consolidated balance sheets and statements of operations. Other sections describe financial events such as share issuance, acquisitions, and net losses over the years ending on December 31st.  
- Special Notes: All amounts are in thousands of RMB; noteworthy formatting includes underlining to denote final totals in the table.  

[Row Level]  
Row 1: As of the beginning of the period, company reported 2,000,000,000 ordinary shares valued at 2,584 RMB and 75,882,351 preferred shares valued at 98 RMB. Additional paid-in capital was 4,269,555 RMB, and paid-in capital in combined companies was 697,517 RMB. The accumulated deficit stood at 4,584,927 RMB, while accumulated other comprehensive loss totaled 46,766 RMB. The Total Equity for company Intelligent Technology was 338,061 RMB, with non-controlling interest at 591,365 RMB, constituting a total shareholders' equity of 929,426 RMB.  

Row 2: During the period, there was no change in the number of ordinary shares, while the number of preferred shares increased by 50,588,234, bringing their total to 126,470,585 with a combined valuation added of 64 RMB in preferred shares. Additional paid-in capital increased by 1,268,296 RMB. The accumulated deficit increased by 7,933,779 RMB, and there was a small currency-related change leading to an accumulated other comprehensive income adjustment of 14,556 RMB. Total equity for company Intelligent Technology showed a deficit of 6,842,865 RMB after recognizing a non-controlling interest movement to 869,998 RMB, resulting in a total shareholders' deficit of 5,972,867 RMB by the period end. Balance as of January 1, 2022  
Issuance of preferred shares  
Acquisition of CEVT in connection with the Reorganization (Note 1)  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2022 Accompanying notes are an integral part of these combined and consolidated financial statements for company Intelligent Technology. [Table Level]  
- Table Title: Combined and Consolidated Statement of Changes in Equity for company Intelligent Technology Holding Limited  
- Table Summary: This table outlines the changes in equity for company Intelligent Technology Holding Limited over the years, focusing on the beginning and ending balances and transactions affecting various components such as preferred shares, net loss, and share-based compensation. It includes details like the number and value of ordinary and preferred shares, capital amounts, and the total impact on shareholders' equity.  
- Context: The table is part of the financial statements for company Intelligent Technology, highlighting comprehensive loss and changes in financing and foreign currency translation from 2021 to 2023.  
- Special Notes: Amounts are presented in thousands of RMB. The financial impacts include share issuance, net income/loss, and currency adjustments.  

[Row Level]  
Row 1: As of January 1, 2023, company Intelligent Technology had 2,000,000,000 ordinary shares valued at RMB 2,584 and 126,470,585 preferred shares valued at RMB 162. The additional paid-in capital was RMB 5,705,305, and the accumulated deficit stood at RMB (12,518,706). The total shareholders' equity was reported as RMB (5,972,867).  

Row 2: The issuance of 139,375,669 preferred shares added RMB 200 in value, contributing RMB 5,372,844 to the additional paid-in capital, and increasing the total shareholders' equity by RMB 5,373,044.  

Row 3: The net loss for the period amounted to RMB (8,346,980), decreasing the total shareholders' equity by the same amount.  

Row 4: Share-based compensation contributed RMB 135,649 to the paid-in capital, impacting the total shareholders' equity by RMB 135,649.  

Row 5: A foreign currency translation adjustment resulted in an increase of RMB 49,765 to the accumulated other comprehensive income/loss, thereby increasing the total shareholders' equity by RMB 49,765.  

Row 6: By December 31, 2023, company Intelligent Technology maintained 2,000,000,000 ordinary shares and 265,846,254 preferred shares. The additional paid-in capital reached RMB 11,213,798, while the accumulated deficit widened to RMB (20,865,686). The accumulated other comprehensive income was RMB 17,555, and the total company Intelligent Technology equity showed a deficit of RMB (9,631,387) with a non-controlling interest of RMB 952,787, resulting in a total shareholders' equity of RMB (8,678,600). [Table Level]  
- Table Title: company Intelligent Technology Holding Limited Combined and Consolidated Statements of Comprehensive Loss  
- Table Summary: This table outlines the detailed cash flow statements from operating activities, investing activities, and associated adjustments for company Intelligent Technology Holding Limited over the financial years 2021, 2022, and 2023, with figures displayed in RMB and US dollars. It provides specifics on the reconciliation from net loss to net cash used in operating activities and other pertinent transactions impacted by investing activities.  
- Context: The table is derived from the consolidated financial statements of company Intelligent Technology for the fiscal years ending December 31, 2021, 2022, and 2023. It is part of a larger financial overview including balance sheets, comprehensive profit and loss, and cash flow statements, all accompanied by integral notes.  
- Special Notes: The amounts are recorded in thousands unless otherwise stated. Foreign currency values are converted to US dollars under Note 2(d).  

[Row Level]  
- Row 1: Net loss for the year 2021 was RMB (4,514,292), increasing to RMB (7,655,146) in 2022, and RMB (8,264,191) in 2023. In 2023, when converted to US dollars, the net loss amounted to (1,163,897) according to Note 2(d).  
- Row 2: Share-based compensation was RMB 150,573 in 2021, increased to RMB 211,208 in 2022, and then to RMB 135,649 in 2023, which equaled US$ 19,106.  
- Row 3: Depreciation and amortization rose from RMB 89,838 in 2021 to RMB 239,106 in 2022, further increasing to RMB 618,189 in 2023, or US$ 87,070.  
- Row 4: Deferred taxes for 2021 showed a negative change of RMB (64,424), a positive change of RMB 33,173 in 2022, and a negative change of RMB (39,226) in 2023, equivalent to (5,525) US dollars.  
- Row 5: Gain or loss from disposal of property and equipment altered from RMB (25) in 2021 to RMB 194 in 2022, and RMB 15,088 in 2023, equivalent to US$ 2,125.  
- Row 6: Loss from disposal of intangible assets was not applicable in 2021 and 2022 but was RMB 210 in 2023, or US$ 30.  
- Row 7: Share of loss (income) in equity method investments changed from RMB 16,871 in 2021 to RMB 172,787 in 2022 and negative RMB (86,842) in 2023, which equates to (12,231) US dollars.  
- Row 8: Change in fair value of derivative instruments was null for 2021, RMB 1,178 in 2022, and RMB 358 in 2023, equivalent to US$ 50.  
- Row 9: Foreign exchange loss, net stood at RMB 181,601 for 2021, shifting to RMB (91,222) in 2022, and RMB 9,468 in 2023, or US$ 1,334.  
- Row 10: Reversal provision of allowance for doubtful accounts was RMB (5,454) in 2021, RMB 7,190 in 2022, and RMB (5,814) in 2023, equal to US$ (819).  

Subsequent rows similarly describe the changes in operating assets and liabilities, including values for notes receivable, accounts receivable, inventories, and amounts due from related parties among others. The subsequent section details cash flows from investing activities such as purchases of property, plant, and equipment, investments in equity investees, and proceeds from various disposals. The final lines summarize net cash provided by/used in both operating and investing activities for the stated years and respective currencies. [Table Level]
- Table Title: Balance Sheet of company Intelligent Technology Holding Limited as of December 31, 2022
- Table Summary: The table provides a breakdown of the equity structure of company Intelligent Technology Holding Limited, outlining the distribution and movement within different categories of shares, capital, and earnings from January 1, 2022, to December 31, 2022. It includes data on ordinary and preferred shares, additional paid-in capital, paid-in capital in combined companies, and retained earnings, culminating in total shareholders’ equity.
- Special Notes: Amounts are denominated in thousands of RMB, except where shares and per-share data are noted. The table includes special notations such as underlining to denote totals or significant figures.

[Row Level]
Row 1: As of the beginning of the period, January 1, 2022, company Intelligent Technology Holding Limited had 2,000,000,000 ordinary shares, which equated to 2,584 RMB. company issued 75,882,351 preferred shares valued at 98 RMB, with additional paid-in capital amounting to 4,269,555 RMB. There was 697,517 RMB in paid-in capital within combined companies. The retained earnings showed an accumulated deficit of 4,584,927 RMB. The accumulated other comprehensive loss was 46,766 RMB, resulting in a total equity of 338,061 RMB for company Intelligent Technology Holding Limited. The non-controlling interest stood at 591,365 RMB, bringing total shareholders’ equity to 929,426 RMB.

Row 2: During the period, there were 50,588,234 preferred shares issued, changing the balance to 64 RMB. company received an additional paid-in capital of 1,268,296 RMB in this transaction. There was no change in ordinary shares or the respective capital amounts, nor in the paid-in capital for combined companies. This issuance did not immediately alter the retained earnings or other comprehensive income/loss segments.

Row 3: Notably, adjustments documented include adjustments of (43,754) RMB in additional paid-in capital and (697,517) RMB reduction in paid-in capital in combined companies. These reflect corresponding adjustments in the total equity.

Row 4: Continuing the financial activities in the timeframe, an amount of 211,208 RMB adjusted the additional paid-in capital, indicating a further increment in financial inflow for the period.

Row 5: By December 31, 2022, the figures represented a consolidated statement reflecting 2,000,000,000 ordinary shares holding a value of 2,584 RMB. The total preferred shares increased to 126,470,585 contributing 162 RMB, while the additional paid-in capital registered a cumulative of 5,705,305 RMB. The portfolio indicated no change in paid-in capital with combined companies now nil, while retained earnings accumulated a further deficit totaling 12,518,706 RMB. The accumulated other comprehensive loss improved to 32,210 RMB, setting the equity for company Intelligent Technology Holding Limited at (6,842,865) RMB, with a non-controlling interest of 869,998 RMB, leading to a total shareholders' equity of (5,972,867) RMB. [Table Level]
- Table Title: Loss per Share Analysis for the Years Ended December 31, 2022, 2023, and 2024
- Table Summary: This table presents the financial outcomes related to the company's net loss per share for the fiscal years 2022, 2023, and 2024. It details figures for net losses from consolidated entities, net income attributable to non-controlling interests, and the net losses attributable to ordinary shareholders. Additionally, it demonstrates the weighted average number of shares and calculates both basic and diluted net loss per share.
- Context: The context discusses significant financial activities of the Group, including related party transactions and loans, along with their completion and outstanding balances. It also explains the net loss from consolidated entities and provides background on excluded share units and preferred shares affecting net loss per share calculations.
- Special Notes: The amounts are presented in thousands; share data and per share data use specific formatting. The negative values indicate net losses.

[Row Level]
Row 1: In 2022, the net loss from consolidated entities amounted to RMB 7,651,854, which increased to RMB 8,264,191 in 2023, and then decreased to RMB 5,790,649 in 2024.
Row 2: Net income attributable to Ningbo Viridi as a non-controlling interest (NCI) was RMB 278,633 in 2022, then reduced to RMB 82,789 in 2023, and increased significantly to RMB 632,921 in 2024.
Row 3: The net loss attributable to ordinary shareholders of the company was recorded as RMB 7,930,487 in 2022, increased to RMB 8,346,980 in 2023, and reduced to RMB 6,423,570 in 2024.
Row 4: The weighted average number of ordinary shares outstanding, both basic and diluted, remained constant at 2,000,000,000 shares in 2022 and 2023, increasing to 2,353,015,830 shares by 2024.
Row 5: The basic net loss per share attributable to ordinary shareholders of the company was RMB (3.97) in 2022, increased to RMB (4.17) in 2023, and then improved to RMB (2.73) in 2024.
Row 6: Similarly, the diluted net loss per share for ordinary shareholders of the company mirrored the basic calculation: RMB (3.97) in 2022, rising to RMB (4.17) in 2023, and decreasing to RMB (2.73) in 2024. Net loss from consolidated entities represents the net loss generated by each entity acquired as part of the company's Reorganization since the dates of their respective acquisitions. [Table Level]
- Table Title: Combined and Consolidated Statements of Changes in Shareholders’ Deficit
- Table Summary: This table presents the changes in shareholders' equity for company Intelligent Technology Holding Limited, emphasizing ordinary shares, preferred shares, additional paid-in capital, accumulated deficit, and other equity components. It covers balances and transactions including share issuance and financial results for the year ending December 31, 2022.
- Context: The table is part of the financial statements of company, which highlights comprehensive loss components for the years 2022 through 2024, alongside changes in shareholders' deficit due to various factors like share-based compensation and foreign currency adjustments.
- Special Notes: All amounts are expressed in thousands of RMB, except for shares which are presented in actual numbers. The reorganization note and transactions related to ZTE acquisition are linked as footnotes.

[Row Level]
Row 1: On January 1, 2022, the balance for ordinary shares was 2,000,000,000 with RMB 2,584. Preferred shares were 75,882,351 valued at RMB 98. The additional paid-in capital stood at RMB 4,269,555 and the paid-in capital in combined companies was RMB 697,517. The accumulated deficit was RMB (4,584,927) and accumulated other comprehensive income (loss) was RMB (46,766). Total equity for company Intelligent Technology Holding Limited was RMB 338,061, with non-controlling interest at RMB 591,365, leading to a total shareholders' equity of RMB 929,426.

Row 2: During 2022, an issuance of 50,588,234 preferred shares occurred with an associated value of RMB 64. The acquisition of ZTE related to reorganization impacted additional paid-in capital by RMB 1,268,296, and increased combined company capital by RMB 1,268,360, with no recorded impact on ordinary shares, preferred shares, or accumulated deficit.

Row 3: The net loss for the period was RMB (7,933,779), which along with a decrease in total company Intelligent Technology Holding Limited's equity by RMB (741,271) and an increase in non-controlling interest by RMB 278,633, affected total shareholders’ equity.

Row 4: Share-based compensation accounted for RMB 211,208, improving both total company Intelligent Technology Holding Limited equity and non-controlling interest by the same amount, with no change in share numbers or additional paid-in capital.

Row 5: Foreign currency translation adjustment yielded a positive change of RMB 14,556, affecting both accumulated other comprehensive income (loss) and the total shareholders’ equity.

Row 6: By December 31, 2022, ordinary shares remained at 2,000,000,000 with RMB 2,584, while preferred shares increased to 126,470,585 valued at RMB 162. Additional paid-in capital rose to RMB 5,705,305, and accumulated deficit expanded to RMB (12,518,706). Accumulated other comprehensive loss was RMB (32,210), total company Intelligent Technology Holding Limited equity decreased to RMB (6,842,865), and non-controlling interest was RMB 869,998, resulting in a total shareholders’ equity deficit of RMB (5,972,867). [Table Level]
- Table Title: company Intelligent Technology Holding Limited - Shareholders' Equity Overview
- Table Summary: The table provides a detailed breakdown of shareholders' equity for company Intelligent Technology Holding Limited, displaying figures related to ordinary and preferred shares, additional paid-in capital, paid-in capital in combined companies, retained earnings, and accumulated other comprehensive income or loss. It also shows summaries for total equity attributable to company Intelligent Technology Holding Limited and non-controlling interests.
- Context: The information appears within the financial statements for company Intelligent Technology Holding Limited, reflecting consolidated and combined balance sheets and operating statements for the years ending December 31, 2020, 2021, and 2022, with amounts presented in thousands, except as otherwise noted.
- Special Notes: Values are given in RMB, and amounts represent thousands unless specified otherwise. Footnote 1 is referenced regarding the acquisition of CEVT in connection with the reorganization.

[Row Level]
- Row 1: As of the beginning of January 2022, there were 2,000,000,000 ordinary shares valued at RMB 2,584. Additionally, 75,882,351 preferred shares were recorded at RMB 98, with a base value of RMB 50,588,234 for ordinary shares and RMB 64 for preferred shares.
- Row 2: Throughout the reporting period, changes included a preferred share issuance increasing the number to 126,470,585, valued subsequently at RMB 162. The additional paid-in capital increased notably by RMB 5,705,305, factoring previous adjustments and reductions including a RMB 43,754 deduction and RMB 697,517 decrease in paid-in capital in combined companies.
- Row 3: Retained earnings showed an accumulated deficit totaling RMB 12,518,706 by the end of the period. Accumulated other comprehensive income listed a loss of RMB 32,210. Consequently, total equity for company Intelligent Technology Holding Limited reached a deficit of RMB 6,842,865, while non-controlling interests stood at RMB 869,998. This resulted in an overall total shareholders' equity amounting to a deficit of RMB 5,972,867. Issuance of preferred shares  
Acquisition of CEVT in connection with the reorganization (Note 1)  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2022 Accompanying notes are an integral part of these combined and consolidated financial statements for the company Intelligent Technology Holding Limited. [Table Level]
- Table Title: Shareholders’ Equity and Total Liabilities as of December 31, 2020 and 2021
- Table Summary: This table presents the shareholders' equity and total liabilities of company Intelligent Technology Holding Limited as of December 31, 2020, and 2021, both in RMB and converted to US dollars for 2021. It details ordinary shares, convertible preferred shares, additional paid-in capital, and accumulated earnings and losses.
- Context: The table is part of the combined and consolidated balance sheets of company Intelligent Technology Holding Limited, providing financial position details for the two fiscal years. 
- Special Notes: All amounts are stated in thousands and the US dollar conversions for 2021 follow Note 2d. Ordinary and preferred shares have a par value of US$0.0002.

[Row Level]
Row 1: As of December 31, 2020, there were no ordinary shares, while as of December 31, 2021, there were 4,873,529,415 shares authorized and 2,000,000,000 shares issued, valued at 2,584 RMB or 363 US dollars.
Row 2: For convertible preferred shares, none were issued in 2020. In 2021, 126,470,585 shares were authorized, and 75,882,351 shares were issued, contributing 98 RMB or 14 US dollars to the equity.
Row 3: Additional paid-in capital was recorded at 6,417 RMB in 2020, which increased significantly to 4,269,555 RMB or 600,205 US dollars in 2021.
Row 4: The paid-in capital of company Intelligent Technology Holding Limited was 1,241,717 RMB in 2020 and decreased to 697,517 RMB or 98,055 US dollars in 2021.
Row 5: Retained earnings presented as accumulated deficits were positive, listed at 2,075,196 RMB in 2020, and turned negative to (4,584,927) RMB or (644,539) US dollars in 2021.
Row 6: Accumulated other comprehensive income (loss) was reported as 56,639 RMB in 2020 and then reduced to (46,766) RMB or (6,574) US dollars in 2021.
Row 7: Total company Intelligent Technology Holding Limited shareholders' equity was 3,379,969 RMB in 2020, dropping to 338,061 RMB or 47,524 US dollars in 2021.
Row 8: The non-controlling interest was not applicable in 2020 but amounted to 591,365 RMB or 83,133 US dollars in 2021.
Row 9: Total shareholders' equity was 3,379,969 RMB in 2020 and went down to 929,426 RMB or 130,657 US dollars in 2021.
Row 10: The total liabilities and shareholders' equity stood at 7,552,412 RMB for the year 2020 and increased to 11,939,932 RMB or 1,678,489 US dollars in 2021. The 2021 Plan may be altered in any respect by a resolution of the company's Board, provided that no such alteration shall operate to adversely affect any subsisting rights of any participant except with the consent in writing of the participant obtained amounting to three-fourths in nominal value of all awards granted and outstanding on that date. Term of the 2021 Plan. The 2021 Plan shall become effective when the company's board of directors approves the 2021 Plan, and shall be terminated by the company's board of directors provided that such termination shall not affect any subsisting rights of any participant. The following table summarizes, as of December 31, 2024, the number of ordinary shares under the equity awards that the company granted to its directors and executive officers: The filing of this Amendment No. 1 constitutes an exit filing for Zhejiang Geely Holding Group Co. Ltd., Hainan Geely Investment Holding Co., Ltd., and Geely International (Hong Kong) Limited. On December 31, 2024, the date of completion of the Acquisition of company Shares, Geely International (Hong Kong) Limited transferred 300,000,000 Ordinary Shares to Luckview Group Limited. Following the completion of the Acquisition of company Shares, Luckview Group Limited holds, taking into account its existing beneficial ownership in the Issuer, 1,668,996,860 Ordinary Shares, representing approximately 66.6% of the issued and outstanding Ordinary Shares, calculated based on a total of 2,507,346,254 Ordinary Shares issued and outstanding as reported in the final prospectus of the Issuer dated May 9, 2024, after giving effect to the full exercise of the over-allotment option (or 62.8% of the Issuer's share capital on a fully diluted basis when taking into account the 150,000,000 Ordinary Shares reserved for the Issuer's 2021 Share Incentive Plan). \* Less than $1 \%$ of company's total outstanding shares on an as-converted basis. $^ { * * }$ For each person and group included in this table, percentage ownership is calculated by dividing the number of shares beneficially owned by such person or group by the sum of (i) 2,265,846,254, being the number of ordinary shares outstanding on an as-converted basis as of the date of this prospectus, and (ii) the number of ordinary shares underlying share options (if any) held by such person or group that are exercisable within 60 days after the date of this prospectus. \*\*\* For each person and group included in this column, percentage of voting power is calculated by dividing the voting power beneficially owned by such person or group by the voting power of all of company's ordinary shares as a single class. † The address of company's directors and executive officers is No. 1388 Minshan Road, Xinqi Street, Beilun District, Ningbo, Zhejiang, People’s Republic of China. RM2301 BLDG1, DADAO WANGCHAO SHANGWU CTR, YINGFENG ST, XIAOSHAN DISTRICT, HANGZHOU, ZHEJIANG PROVINCE, CHINA, 00000. Item 1 This Amendment No. 2 (this "Amendment No. 2") amends and supplements the   
Comment: Amendment No. 1 filed with the U.S. Securities and Exchange Commission on January 3, 2025 (the "Amendment No. 1") to the original Statement on Schedule 13D dated November 21, 2024 and is being filed by (i) Shufu Li, (ii) Ningbo Jikong Enterprise Management Co., Ltd., (iii) Ningbo Jikong Jiju Enterprise Management Partnership (Limited Partnership), and (iv) GHGK Innovation Limited (collectively, the "Reporting Persons") in respect of the ordinary shares, par value $\$ 0002$ per share (the "Ordinary Shares"), of the Issuer. This Amendment No. 2 is being filed solely to reflect the updated number of issued and outstanding Ordinary Shares of the Issuer as disclosed in the Issuer's latest annual report. This Amendment No. 2 does not reflect any acquisition or disposition of the Issuer's shares. [Table Level]  
- Table Title: Restricted Share Units (RSUs) Activity Summary  
- Table Summary: The table provides a detailed summary of the activity involving Restricted Share Units (RSUs) for the company across different periods. It includes the number of RSUs and their associated weighted average grant date fair value per share in RMB. The table outlines the status of RSUs at various key dates and tracks how many were granted, vested, or forfeited, alongside their respective fair values.  
- Context: Prior to the IPO in May 2024, the company recorded its share-based compensation, noting specifics for RSUs activities through December 2024. Relevant financial details such as total compensation and expected vesting were also provided.  
- Special Notes: The RSUs are priced based on a hybrid method using both probability weighted expected return method and option pricing method. Financial data is in RMB, while unrecognized expenses are expected to draw down over 2.2 years.  

[Row Level]  
Row 1: As of January 1, 2022, the number of unvested RSUs was 52,964,800 with a weighted average grant date fair value per share of RMB 11.4.  
Row 2: During 2022, 37,957,156 RSUs were granted at a fair value of RMB 19.1 per share.  
Row 3: No RSUs were reported as vested during 2022, indicated by the dash.  
Row 4: In the same year, 4,894,880 RSUs were forfeited with a fair value of RMB 11.4 per share.  
Row 5: Starting January 1, 2023, the number of unvested RSUs was 86,027,076, valued at RMB 14.8 per share.  
Row 6: Throughout 2023, 17,955,300 RSUs were granted at an elevated fair value of RMB 32.2 per share.  
Row 7: Still no RSUs were shown as vested during this period.  
Row 8: A total of 10,970,645 RSUs were forfeited during 2023, correlated with a fair value per share of RMB 16.3.  
Row 9: For the start of 2024, the unvested RSU count stood at 93,011,731 valued at RMB 17.9 per share.  
Row 10: The year 2024 saw 31,771,808 RSUs granted at a fair value of RMB 14.9 per share.  
Row 11: A significant number of RSUs, totaling 45,555,414, vested in this period with an average fair value of RMB 15.1 per share.  
Row 12: During 2024, there were 14,594,231 RSUs forfeited valued at RMB 18.3 per share.  
Row 13: As of December 31, 2024, the unvested RSUs were 64,633,894 with a fair value per share of RMB 18.2.  
Row 14: The number of RSUs expected to vest by December 31, 2024, was 46,955,547 with a corresponding fair value of RMB 18.3 per share. [Table Level]
- Table Title: Shares Excluded from Diluted Net Loss per Share Calculation
- Table Summary: The table shows the number of shares from restricted share units and convertible preferred shares that were excluded from the calculation of diluted net loss per share for the years 2022, 2023, and 2024 because their inclusion would have been anti-dilutive. It reflects three different figures for the year 2023, indicating multiple categories of shares excluded that year.
- Context: This table is part of the notes to the combined and consolidated financial statements, specifically detailing the shares considered for calculating diluted net loss per share. The exclusion of certain shares, such as restricted share units and Series Pre-A or Series A preferred shares, is due to their potential anti-dilutive effect on the net loss per share for the concerned years.
- Special Notes: Amounts are presented in regular number format, corresponding to the number of shares excluded. Absence of figures for certain cells in 2024 is marked with dashes, indicating either no figures or non-applicability for those categories.

[Row Level]
Row 1 (2022): In the year 2022, 86,027,076 shares were excluded from the diluted net loss per share calculation.
Row 2 (2022): Additionally, 126,470,585 shares were also excluded from the calculation in 2022.
Row 1 (2023): For the year 2023, the number of shares excluded was 93,011,731.
Row 2 (2023): In the same year, another set of 126,470,585 shares were excluded.
Row 3 (2023): Moreover, there was an exclusion of 139,375,669 shares in 2023.
Row 1 (2024): The year 2024 saw 64,633,894 shares being excluded from the diluted net loss per share calculation.