
	Class A ordinary share									Class B ordinary share (a)									Ordinary share
	Number of shares			Share capital			Share premium			Number of shares			Share capital			Share premium			Number of shares			Share capital			Share premium
				RMB’000			RMB’000						RMB’000			RMB’000						RMB’000			RMB’000
As of January 1, 2020		987,146,871			61			3,242,972			135,196,846			8			10,870,339			—			—			—

Conversion of Class B ordinary shares and Class C ordinary shares to Class A ordinary shares (b)		136,859,460			8			11,278,459			(135,196,846	)		(8	)		(10,870,339	)		—			—			—
Re-designation and reclassification of Class A ordinary shares into ordinary shares (c)		(1,124,006,331	)		(69	)		(14,521,431	)		—			—			—			1,124,006,331			69			14,521,431
Issuance of ordinary shares upon IPO and exercise of over-allotment option (d)		—			—			—			—			—			—			99,577,564			7			17,305,119
Conversion of automatically convertible promissory notes to ordinary shares (e)		—			—			—			—			—			—			7,566,665			1			1,386,876

As of December 31, 2020		—			—			—			—			—			—			1,231,150,560			77			33,213,426

Retirement of ordinary shares (f)		—			—			—			—			—			—			(35,644,803	)		(2	)		—
Issuance of ordinary shares for share-based payment (g)		—			—			—			—			—			—			8,000,000			—			—
Exercise of share-based payment		—			—			—			—			—			—			—			—			152,360

As of December 31, 2021		—			—			—			—			—			—			1,203,505,757			75			33,365,786

Exercise of share-based payment		—			—			—			—			—			—			—			—			127,063
Redemption and extension of convertible promissory notes (Note 34(a))		—			—			—			—			—			—			—			—			6,209,598
Cash Dividend (Note 45)		—			—			—			—			—			—			—			—			(7,628,573	)

As of December 31, 2022		—			—			—			—			—			—			1,203,505,757			75			32,073,874

(a)	Besides the liquidation preference, holders of Class B ordinary shares were entitled to voting rights and dividend rights similar to Class A ordinary shareholders. Class B ordinary shares were automatically converted into Class A ordinary shares upon the occurrence of a qualified listing.

(b)

Immediately prior to the Company’s successful IPO on October 30, 2020, all of the Company’s then issued and outstanding 135,196,846 Class B and 1,662,614 Class C ordinary shares were automatically converted into Class A ordinary shares on a

one-for-one

basis. Upon conversion of Class C ordinary shares, par value of ordinary shares issued was recorded as share capital and the difference between the then carrying value of Class C ordinary share (i.e. liability component recognized in convertible redeemable preferred shares and equity component recognized in other reserves) and par value of RMB408 million was recorded as share premium.

(c)	Immediately prior to the Company’s successful IPO on October 30, 2020, all of the Company’s then issued and outstanding 1,124,006,331 Class A ordinary shares after the conversion of Class B and Class C ordinary shares were re-designated and reclassified into ordinary shares.

(d)

On October 30, 2020, the Company issued and sold 87,500,000 ordinary shares in its IPO with every two ADSs representing one ordinary share. On December 1, 2020, upon partial exercise of the underwriters’ over-allotment options, the Company further issued and sold 12,077,564 ordinary shares. Upon issuance of ordinary shares for the IPO and for the exercise of the over-allotment option, par value of ordinary shares issued was recorded as share capital and the difference between the cash consideration raised as part of the IPO and the exercise of underwriters’ over-allotment options and par value recorded of RMB17,305 million was recorded as share premium.

(e)

Upon the Company’s successful IPO on October 30, 2020, the automatically convertible promissory notes were automatically converted into 7,566,665 ordinary shares at the IPO price of USD13.5 per ADS (USD27 per ordinary share) with par value of ordinary shares issued recorded as share capital and the difference between the then carrying value of automatically convertible promissory notes and par value recorded of RMB1,387 million was recorded as share premium.

(f)	The Company’s board of directors previously designated Tun Kung Company Limited, a principal shareholder of the Company, as the entity to hold 35,644,803 shares reserved under the share incentive plans of the Company, pursuant to authorization under the existing plans.

(g)	The Company issued 8 million shares for the future exercise of share-based payments during the year ended December 31, 2021, which amounted to RMB517.