AI智能总结
235620256 307816242526272949 202410 30 AIEBITDA5.255.0%2.3EBITDA-9.2%-6.5%D2B22.6%35.1%D2C56.235.7 26.3% GeeneAIAIShopHKAI 839 8835 Selva Bryan RatnamAndrew Chow Heng Cheong 2920 Andrew Chow Heng Cheong Maples Corporate Services LimitedPO Box 309, Ugland HouseGrand Cayman, KY1–1104Cayman Islands Andrew Chow Heng CheongSelva Bryan Ratnam 38 Jalan Pemimpin#05–07M38Singapore 577178 Selva Bryan RatnamAndrew Chow Heng Cheong 14310–11 Andrew Chow Heng CheongSelva Bryan Ratnam • 20253 Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1–1102Cayman Islands 1617 2562 2461 https://synagistics.com/ D2BD2C — SynagieD2B600Lazada 2025AIGeeneAIShopHKAI 20256 30 D2CD2B35.736.5%AID2B35.1%22.6%26.3%9.436.5%28.86.2EBITDA(1)5.22.3EBITDA2024-9.2%2025-6.5%20256 30(2)91.6202412 31100.9 2025630 GEENE AI GeeneAIAIGeene60%Geene TurboGTAIAI20253 620253 13 AI ByteplusGeene AIAIByteplusAIGeeneAIGeeneAIAI20255 6 SHOPHK ShopHK(SME)ShopHK600AI20253 27 1120306,000AIAI20255 14 (i)D2B(ii)D2C 35.756.236.5%D2BD2C D2B12.5D2C46.7%23.2D2B D2BD2B35.1%22.6% D2B3.89.0%4.2 D2C37.641.2%22.1D2C 14.836.5%9.426.3% D2B8.36.2%66.5%69.8% D2C82.0%1.14.6%13.6%D2CD2BD2C (i)(ii)(iii)(iv)0.1 (i)(ii)(iii)31.6 (i)(ii)(iii)10.24.1D2B2022 18.2%11.5%D2B (i)(ii)(iii)(iv)11.566.954.92.51.10.7 20.5%187.4% (i)(ii)(iii)0.90.11.6%0.2%20256 30100%2.7%2024 17%25%202412 310.30.1 28.86.280.8%11.0% (i)D2B(ii)(iii) 202412 3127.220256 3025.2 (i)D2C(ii)IT(iii)(iv)(v) 202412 3127.620256 3018.8 20256 3010.0202412 3175.920256 3035.631.6 20256 3027.62024123142.9 20256 3028.2202412 3147.9 1.10.8Geene AISynagie 20256 30202412 31 2024 20256 30 EBITDAEBITDAEBITDAEBITDAEBITDAEBITDAEBITDAEBITDA EBITDA(i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)EBITDAEBITDA100%EBITDA EBITDA(i)(ii)202412 31(iii)(iv)(v)(vi) 14 AI— Geene AI Synagistics Digital Finance Group 202410 30202410 30202410 320256 2720257 42025630 (SaaS)20256 9 D2B 20256 3031621.1 20256 30XVXV78352 (2)Metadrome Ltd.D.A.T. Associates LimitedMetadromeLtd.D.A.T. Associates Limited64,973,043 20256 30XVXV78352 20256 30XV23336 (3)Meranti ASEAN Growth Fund L.P.Gobi Ventures ASEANWang Chuan-ChungTaklamakan Holding Inc.Gobi Ventures ASEANTaklamakan Holding Inc.Wang Chuan-ChungMeranti ASEAN Growth Fund L.P.(4)Meranti ASEAN Growth Fund L.P.Alibaba Investment Limited44.56%Alibaba Investment LimitedMeranti ASEAN Growth Fund L.P.(5)28,000,00052.51%(6)Extra Shine Limited (i)12,756,37516,014,0008,007,000(ii)5,102,550Extra Shine Limited20256 1320256 18Extra Shine Limited5,102,550Extra ShineLimited(7)20256 30444,604,249 20256 30XV23336 202410 3017 298556,6008,691,98514.34 20256 302 20256 2719.80 35%35%30% 14.36 20256 30 1. 50%20256 2750%122.19.743.4.5. 20251 120256 30 20256 309,248,585202563020256 30444,604,2492.08% 20256 30 20246 30 202412 3113.51B(1) 65.6 20256 27Metadrome Ltd.9,239,50015.802.04%20257 220257 4112.43 20259 12 20256 2720257420259 15 C1 C3 13.2013.21 13.22 2025828 2025630 20256 30 2025630 2025630 2025630 2025630 1. PO Box 309, Ugland House, GrandCayman, KY1-1104, Cayman Islands14310–11 HKAC20221 26HKAC2022 8 15 202412 31 1A. 20246 28HKACHKAC SG Merger Sub Pte. Ltd.Merger SubSynagistics Pte. Ltd.202410 30 (i)Merger Sub1967215BMerger Sub (ii) 2025630 1A. HKAC (i) (ii) (iii)HKACHKACHKAC 202412 3134 20256 3034202412 31 20256 3010,042,000202412 3175,912,00046,926,000202412 31121,577,00020256 30 2. 202412 3120251 1 21 2025630 2. 10281972972112183193 1220261 1320271 1 18 1811187733 1820271 118 3. 4. 8 (i)D2C—(ii)D2B— 2025630 4. 4. 3 20246 3010% 5. 2025630 17%25%2024 6 3017%25% 7. 20256 3020246 30 8. 9. 55 202520246 30549,0001,504,000 2025630 3060 2025630 11. 20241 11,680,000 2025630 12. 161,000202412 31295,000 3090 10%20% 13. 13. 3.75%2024 12 311.25%3.75% 24611011.5011.5023.0023.0011.50 30 2025630 14. HKAC31,400,00031,400,00011.5012202910 30 HKAC9 10,005,000 3020159 20256 1310,005,00020256 18 14. 15. 2025630 15. 15. a.Synagistics Pte. Ltd. b.Synagistics Pte. Ltd. Synagistics Pte. Ltd.Synagistics Pte. Ltd.Synagistics Pte.Ltd.Synagistics Pte. Ltd.Synagistics Pte. Ltd.Synagistics Pte. Ltd. 16. 20225 20Synagistics Pte. Ltd. Synagistics Pte. Ltd.Synagistics Pte. Ltd.Synagistics Pte. Ltd.102022520Synagistics Pte. Ltd.202410 30 2025630 16. 20256 5556,60020256 302 20256 58,691,98520256 27 20246 30Synagistics Pte. Ltd.20256 30 20226 320235 24220211 120221 1202312 15120231120226 320235242023121520246 30202410 30 16. 20256 520256 5335%20266 535%20276 530%20286520256 302 20256 2750%20256 2750%20266 27 20246 30202410 302024 20256 5556,60035%20266535%20276 530%20286 5520256 302 2025630 16. 20256 58,691,98520256 27 20256 273.35 50%20256 2750%20266 2720256 3014,541,000 20246 28Synagistics Pte. Ltd.12%3020(a) 20%(b) 30%(c) 50%12%2 20256 3040,337,000 2025630 17. 20256 30 18.