from insurance companies plus travel expenses. For services provided in connection with marine cargo insurance, our fees were charged

filing / Apr 28, 2026 / receipt

The operation income in 2025 was mainly driven by substantial cost savings achieved through a series of initiatives to enhance operational efficiency, while the operating loss in 2024 included an impairment loss of RMB404.1 million recognized on goodwill and intangible assets mainly arising from the acquisitions in 2024.

filing / Apr 28, 2026 / receipt

cost savings. Other Income/Loss Loss from fair value change . Loss from fair value change was RMB25.0 million (US$3.6 million) in 2025, as compared with RMB78.5 million in 2024.

filing / Apr 28, 2026 / receipt

The majority of our operating lease commitments are related to our office lease agreements in China. We had uncertain tax liabilities of RMB25.7 million (US$3.7 million) for 2025.

filing / Apr 28, 2026 / receipt

been our chief financial officer since January 2025. From June 2022 to January 2025, Mr. Huang served as the Finance Manager at Shenzhen

filing / Apr 28, 2026 / receipt

Office space leased by our subsidiaries, including certain space used and paid by sales teams, was approximately 38,532 square meters as of December 31, 2025.

filing / Apr 28, 2026 / receipt