| Schedule of Convertible Loans and Shareholder Loans Measured at Amortized Cost |
As of December 31, 2025 and June 30, 2026, the balances of convertible loans and shareholder loans measured at amortized cost, were summarized as below: | | | At amortized cost | | | | | As of
December 31, | | | As of
June 30, | | | | | 2025 | | | 2026 | | | | | RMB | | | RMB | | | Current: | | | | | | | | January 2019 Shareholder Loan | | | 14,180,240 | | | | 13,106,161 | | | November 2020 Shareholder Loan | | | 4,920,160 | | | | 4,547,484 | | | February 2021 Shareholder Loan | | | 4,107,357 | | | | 3,796,246 | | | | | | | | | | | | | Subtotal | | | 23,207,757 | | | | 21,449,891 | | | | | | | | | | | | | Total | | | 23,207,757 | | | | 21,449,891 | | | | | | | | | | | | | Non-current: | | | | | | | | | | February 2021 Shareholders Loan | | | 16,483,576 | | | | 16,483,576 | | | | | | | | | | | | | Subtotal | | | 16,483,576 | | | | 16,483,576 | | | | | | | | | | | | | July 2025 Convertible Loans | | | 137,501,657 | | | | 126,228,857 | | | | | | | | | | | | | Subtotal | | | 137,501,657 | | | | 126,228,857 | | | | | | | | | | | | | Total | | | 153,985,233 | | | | 142,712,433 | |
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