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Share capital and additional paid-in capital

12 Months Ended

Dec. 31, 2024

Share capital and additional paid-in capital

Share capital and additional paid-in capital

28. Share capital and additional paid-in capital

(a) Authorized share capital

In June 2010, the Company was incorporated in the Cayman Islands with an authorized share capital of one billion shares, par value of $0.00005, of which 20,000 shares were issued at incorporation. On March 1, 2018, the authorized share capital of the Company increased from $50,000 divided into 1,000,000,000 Ordinary Shares of a par value of $0.00005 each to $100,000 divided into 2,000,000,000 Ordinary Shares of a par value of $0.00005 each by the creation of an additional 1,000,000,000 Ordinary Shares of a par value of $0.00005 each to rank pari passu in all respects with the existing Ordinary Shares.

(b) Issued share capital and additional paid-in capital

	Number of shares		Ordinary shares		Additional paid-in capital		Total
	(thousands)		RMB’000		RMB’000		RMB’000
At January 1, 2022		1,002,201		326		383,174		383,500
Shares issued during the year		40,257		14		510		524
At December 31, 2022		1,042,458		340		383,684		384,024
Shares issued during the year		9,702,236		3,470		54,509		57,979
At December 31, 2023		10,744,694		3,810		438,193		442,003
Shares issued during the year		384,000		139		1,596		1,735
Disposal of discontinued operations and subsidiaries		-		-		66,534		66,534
Conversion of convertible notes		2,876,194		1,036		6,004		7,040
At December 31, 2024		14,004,888		4,985		512,327		517,312

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* Less than 1,000.