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Related Party Transactions

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Related party transactions

17. Related party transactions

Related parties with whom the Company conducted business consist of the following:

Name of related party		Nature of Relationship
Jianping Kong		Principal shareholder, chairman and chief executive officer
Qifeng Sun		Principal shareholder and vice chairman

During the years ended December 31, 2023 and 2024, Jianping Kong and Qifeng Sun provided guarantee for the Company’s debts and provided interest-free loans to the Company which were subsequently converted into Class A ordinary shares. See Note 11 and 12 for more details.

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The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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