32.Related party transactions

(a)Relationship with related parties

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(b)Contribution from Controlling Shareholder

During the year ended December 31, 2024, Newlink paid a total of RMB24.9 million (2023: RMB65.2 million) on behalf of the Group, including (i) RMB7.3 million (2023: RMB42.6 million) of payroll and non-payroll labor expense; (ii) RMB2.5 million (2023: RMB3.2 million) of rental fees; and (iii) RMB15.1 million (2023: RMB19.4 million) of other expenses, which were reflected in the consolidated statements of profit or loss and other comprehensive loss.

(c)Share-based compensation from controlling shareholder ESOP

Newlink granted share options under Newlink 2020 Share Incentive Plan to certain employees associated with the Group’s charging services business, who were subsequently transferred to the Group. For the years ended December 31, 2023 and 2024, share-based compensation expense was debited to profit or loss for RMB5.3 million and credited to profit or loss for RMB0.8 million, with a corresponding increase and decrease in additional paid-in capital, respectively. See Note 28 for further details.

(d)Other transactions with related parties

The following table provides the amount of energy solution revenues including discontinued operations arising from the transactions entered into with related parties in the ordinary course of the Group’s business during the years indicated:

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(e)Balances with related parties

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(f)Key management personal compensation

The following table sets forth the compensation information of the Group’s directors and executive officers for the years ended December 31, 2022, 2023 and 2024:

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