RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2025

SCHEDULE OF TABLE SETS FORTH THE MAJOR RELATED PARTIES AND THEIR RELATIONSHIPS WITH THE GROUP

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2024 and June 30, 2025:

Name of related parties		Relationship with the Group

Joy Capital		Preferred shareholder before March 27, 2024 and non-controlling shareholder since March 27, 2024
NIO Capital		Preferred shareholder before March 27, 2024 and Principal Shareholder since March 27, 2024
Pintu Beijing		Significantly influenced by Principal Shareholder
Lightwind Global Limited (“Lightwind”)		Significantly influenced by Principal Shareholder
Xin Gao Group Limited		Non-controlling shareholder, controlled by Mr. Kun Dai, chairman and chief executive officer of the Company
Mr. Kun Dai (i)		Chairman and chief executive officer of the Company

(i) On February 22, 2024, the Company entered into a one-year 1 loan agreement with Mr. Kun Dai, pursuant to which the Company borrowed RMB7.0 million from Mr. Kun Dai at an annual interest rate of 6%. The loan has been totally repaid on April 9, 2025.