| Schedule of Preferred Shares Activities |
The
Company’s Preferred Shares activities for the year ended December 31, 2023, 2024 and 2025 are summarized below:
| | |
Series Pre-A
Preferred Shares | | |
Series A
Preferred Shares | | |
Series B-1
Preferred Shares | | |
Series B-2
Preferred Shares | | |
Series B-3
Preferred Shares | | |
Series B-4
Preferred Shares | | |
Total | |
| | |
Number of
shares | | |
Amount
RMB | | |
Number of
shares | | |
Amount
RMB | | |
Number of
shares | | |
Amount
RMB | | |
Number of
shares | | |
Amount
RMB | | |
Number of
shares | | |
Amount
RMB | | |
Number of
shares | | |
Amount
RMB | | |
Amount
RMB | |
| Balances
as of January 1, 2023 | |
| 2,722,222 | | |
| 224,619,462 | | |
| 2,957,613 | | |
| 346,956,953 | | |
| 911,178 | | |
| 80,027,397 | | |
| 2,460,315 | | |
| 248,084,932 | | |
| 228,786 | | |
| 30,668,493 | | |
| 3,770,112 | | |
| 542,284,354 | | |
| 1,472,641,591 | |
| Re-designation | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (452,998 | ) | |
| (76,041,096 | ) | |
| (76,041,096 | ) |
| Accretion
to redemption value of mezzanine equity | |
| — | | |
| 14,377,527 | | |
| — | | |
| 22,356,000 | | |
| — | | |
| 6,315,068 | | |
| — | | |
| 16,287,671 | | |
| — | | |
| 2,000,000 | | |
| — | | |
| 41,172,581 | | |
| 102,508,847 | |
| Balances
as of December 31, 2023 | |
| 2,722,222 | | |
| 238,996,989 | | |
| 2,957,613 | | |
| 369,312,953 | | |
| 911,178 | | |
| 86,342,465 | | |
| 2,460,315 | | |
| 264,372,603 | | |
| 228,786 | | |
| 32,668,493 | | |
| 3,317,114 | | |
| 507,415,839 | | |
| 1,499,109,342 | |
| Accretion
to redemption value of mezzanine equity | |
| — | | |
| 13,757,582 | | |
| — | | |
| 22,417,249 | | |
| — | | |
| 5,013,699 | | |
| — | | |
| 15,542,466 | | |
| — | | |
| 2,005,479 | | |
| — | | |
| 37,205,741 | | |
| 95,942,216 | |
| Balances
as of December 31, 2024 | |
| 2,722,222 | | |
| 252,754,571 | | |
| 2,957,613 | | |
| 391,730,202 | | |
| 911,178 | | |
| 91,356,164 | | |
| 2,460,315 | | |
| 279,915,069 | | |
| 228,786 | | |
| 34,673,972 | | |
| 3,317,114 | | |
| 544,621,580 | | |
| 1,595,051,558 | |
| Accretion
to redemption value of mezzanine equity | |
| — | | |
| 10,600,104 | | |
| — | | |
| 17,272,307 | | |
| — | | |
| 3,863,014 | | |
| — | | |
| 11,975,342 | | |
| — | | |
| 1,545,205 | | |
| — | | |
| 28,666,717 | | |
| 73,922,689 | |
| Convertible
redeemable preferred shares converted into Class A ordinary shares upon the completion of the IPO | |
| (2,722,222 | ) | |
| (263,354,675 | ) | |
| (2,957,613 | ) | |
| (409,002,509 | ) | |
| (911,178 | ) | |
| (95,219,178 | ) | |
| (2,460,315 | ) | |
| (291,890,411 | ) | |
| (228,786 | ) | |
| (36,219,177 | ) | |
| (3,317,114 | ) | |
| (573,288,297 | ) | |
| (1,668,974,247 | ) |
| Balances
as of December 31, 2025 | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
|