The
Company’s senior convertible preferred shares activities for the six months ended June 30, 2024 and 2025 were summarized below
(except the fair value impact of the down round feature which solely affected the classification of permanent equity):
SCHEDULE OF SENIOR CONVERTIBLE PREFERRED SHARES
| | |
Preferred
shares | |
| | |
RMB | |
| | |
| |
| Beginning
balance as of December 31, 2023 | |
| 1,222,535 | |
| Issuance
of senior convertible preferred shares | |
| 78,379 | |
| Conversion
to Class A ordinary shares | |
| (1,300,914 | ) |
| Ending
balance as of June 30, 2024, December 31, 2024 and June 30, 2025 | |
| - | |
|