Phancy Group Co., Ltd. (Phancy) has published a circular ahead of its 23 July 2026 extraordinary general meeting, seeking shareholder approval to confirm all related-party transactions recorded between 1 January 2023 and 31 March 2026.
Key figures
1. Purchases and service receipts • Q1 2026: RMB 2.97 million, mainly from Shenzhen Weike Technology for technical services and hardware. • FY 2025: RMB 23.16 million, with Shenzhen Weike Technology accounting for the bulk. • FY 2024: RMB 2.87 million. • FY 2023: RMB 10.38 million.
2. Sales of goods and services • FY 2025: RMB 8.92 million, largely to Shenzhen Weike Technology. • FY 2024: RMB 0.68 million. • FY 2023: RMB 0.65 million. • No sales were booked in Q1 2026.
3. Guarantees Phancy issued six guarantees totalling RMB 54.00 million in favour of ChinaEnergy CyberWing Technology between 2022 and 2023. All guarantees had been fully discharged by 31 March 2026.
4. Loans to related parties • Shenzhen Weike Technology: RMB 257.00 million lent during 2025; RMB 200.00 million was recovered in January 2026. • ChinaEnergy CyberWing Technology: RMB 35.12 million outstanding, with staged repayments completed by November 2025. • EpicHust Technology (Wuhan): RMB 10.00 million repaid in August 2025.
5. Key management remuneration • Q1 2026: RMB 7.98 million (RMB 2.49 million cash compensation and RMB 5.49 million share-based expenses). • FY 2025: RMB 31.39 million. • FY 2024: RMB 21.28 million. • FY 2023: RMB 18.82 million.
6. Balances with related parties as at 31 March 2026 • Receivables: RMB 0.75 million in prepayments to Beijing Data Element Intelligent Technology. • Payables: RMB 1.01 million, including RMB 0.79 million to Changjing AI (Wuxi) Technology and RMB 0.14 million to ChinaEnergy CyberWing Technology.
Voting arrangements
Due to director affiliations, Chairman Dr. Dai Wenyuan and several related partnership entities will abstain from voting on the resolution. The shareholder register for H-shares will be closed from 20 July to 23 July 2026. Proxy forms must reach Tricor Investor Services by 2:00 p.m. on 22 July 2026 (Hong Kong time).
Management states that approving the transactions is in the best interests of both the company and its shareholders.