方达控股2024中期报告

（於開曼群島註冊成立的有限公司）股份代號 : 1521 2 0 2 4中期報告 目錄 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26. . . . . . . . . . . . . . . . . . . . . . . . . . . .46. . . . . . . . . . . . . . . . . . . . . . . .48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .94 Morgan, Lewis & Bockius Conyers Dill & Pearman Yin Zhuan Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 700 Pennsylvania DriveExton, PA 19341, USA 700 Pennsylvania DriveExton, PA 19341, USA 3485 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 1617 1521 Wells Fargo Bank, N.A. www.frontagelab.com 569,024571,869337,397345,147231,627226,72242,99853,186 2023202320242024 20241Frontage LabsFrontageEurope S.r.l.Accelera S.r.l.AcceleraAcceleraNMSGroup S.p.A. ADMEAccelera GlobalMarket Insights2023481.9825.520281,487.61 2023630128.40.1%2024630128.52024630374.02023630340.59.8%20231231342.29.3% 2024 20232024INDAPIGLPIINDI 2023JohnKapeghianDABTJohnBernalDVMStewart JacobsonDVM DACVPStewartJacobson2024 Accelera Accelera 2024 11810,000API 202440 GLPI BE(FDA)BE 202389,000GMP2024 (ADC) API 2024630(13) •(3)•(2)•(1)•(1)•(1)•(1)•(1)•(1)•(1)•(1) 2024630(11) •(4)•(4)•(1)•(2) IIND • •INDI • 2023630128.40.1%2024630128.52023630100.00.6%202463099.42023630197.828.44.4%2024630206.529.1 202363022.013.2%202463019.1202463014.9%202363017.1% 202363030.611.8%202463027.0202463021.0%202363023.8% 202363089.44.7%202463093.6NucroFrontageEurope2023820241NucroFrontageEurope 202363039.010.8%202463034.8202363030.4%202463027.1%202363034.8%202463029.4%202363014.8%202463019.3% 20236304.017.5%20246304.7 202363022.97.0%202463024.5202363017.63.4%202463018.2NucroFrontage Europe2023820241 (i)(ii) 20236303.19.7%20246302.8 20236303.138.7%20246304.3 20236302.875.0%20246300.7 20246300.320236304.620246300.2%20236303.6%2023630 202363010.240.2%20246306.120246304.8%20236308.0%2024630 2202363027.513.8%202463023.7202463018.4%202363021.4%NucroFrontage Europe 3202363029.813.4%202463025.8202363023.2%202463020.1% 20246300.000120236300.002320246300.000120236300.0022 20246300.003120236300.005038.0%20246300.003120236300.0050 202463052.32023123159.111.5% 202463034.32023123137.27.8% 2023123161.322.3%202463075.0 2023123118.818.1%202463022.2 20246300.2 2023123138.711.9%202463034.1 11.9% 202463043.02023123153.2 202463016.4202363011.542.6% 202463095.52023123181.420246302.75%7.42%69.9182.425.6 202463056.72023123163.7 2024630 100%20246302023123132.3%26.2% 20246301,6578937641,34131683%604 202463058.5202363053.5 20182021 20246302023630 2023616Frontage LabsAcceleraNMS Group S.p.A.FrontageLabsFrontage Europe S.r.l.6,835,000Accelera 202411Accelera 2024630 202463048,410,00085,849,86047,252,0002024415 2024630 20246302024630 2024630 2024630 13.51B(1)20231231 •368,000202491 •AbdulMutlib625,000202491•YinZhuan3347300347•VNET•01122•SunlandsTechnology GroupSTG• 3.21 2024630XV(a)XV78(b)352(c) (1)202463036,233,050TheLinna Li GST Exempt TrustThe Wendy Li GST Exempt TrustThe Yue Monica Li GST Exempt Trust202463045,600,09045,602,09045,606,090 2024630XVXV78352 2024630XV23336 (1)1,032,964,090226,020,000 (2)20246302,035,724,910 2024630XV23336 FrontageLabsFrontageLabsFrontage Labs20082015FrontageLabs9,434,43412,000,000FrontageLabs510 2018417Frontage LabsFrontageLabs201812314,035,000 201922820157,990,0002.00 201951110% 20192 280.2004,700,000–4,700,000–––(1)20192 280.2004,500,000–4,500,000–––(1) (1)(2) 0.0160.200 202120155,001,0002024630 2019228 201922818%3% 20246302023630 2018 201951120182018 (i)2018 20182018 2018 (ii) 201820182018 (iii)2018 2018200,764,09110% 2018118,973,5915.8% (iv) 121% 2018 (v) 201810 (vi) 2018 (vii) 1.00 2018 (viii) a)b)c) 2018 (ix)2018 201820195301010 2024630 2018 (ix)2018 (1)2.06(2)2.16(3)2.21(4)202710620281220 202463020182018118,973,591118,973,591 20182022107202312203,255,0002,988,000 2018 (ix)2018 2022107 0.250.2752.0%53.7%– 20231220 0.270.2751.0%53.0%– 5 202463020181,182,0002023630829,000 2021 202112220212021 (i)2021 2021 (ii) 20212021(i)(ii)20212021 (iii)2021 2021204,605,091202110% 2021181,654,5918.9% 2021 (iv) 20212021122(1%) (v) 2021 (vi) (vii) (viii)2021 202120211221017202311 2021125202118422,950,50022,950,500(i)19,850,500182(ii)3,100,0002021527 16,120,0006.020.78 2021 2021 2021 (1