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Share capital and additional paid-in capital

12 Months Ended

Dec. 31, 2025

Share capital and additional paid-in capital

Share capital and additional paid-in capital

26. 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, 2023		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
Shares issued for share placement, etc.*		9,619,980		3,505		41			3,546
Share issued for downpayment of property acquisition		36,000,000		13,196		(4,055	)		9,141
Conversion of convertible notes		34,564,920		12,485		3,487			15,972
At December 31, 2025		94,189,788		34,171		511,800			545,971

* Share issued during the year included: i. the equity financing transaction, ii. issuance of incentive share, iii. issuance to third party for their services provided and compensated for their expense incurred.