Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 143

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 143
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 Taiqian County Natural Resources Bureau agreed to transfer to Shanghai Jiansu by December 30, 2023 the land use right for a period of 50 years, for a land located in Taiqian county, with an area of approximately 170,000 square meters, for construction purpose. In exchange, Jiansu Technology agreed to pay approximately RMB 44.55 million as consideration, which were fully paid as of the date of this prospectus and to invest in at least RMB 595 million capital expenditures for the construction project on the land. In addition, Shanghai Jiansu has agreed to commence construction on the land before January 29, 2024, and complete before January 28, 2025.

Competition

We face competition from a variety of players in the industry, including Xiangyu Group, Dawn Group, Shanghai Sumi Information Technology Co., Ltd., and Juxitang. We provide an efficient and price competitive one-stop procurement solution, along with intelligent services, effective fulfillment services, broad product offerings, and sales and service representatives with deep industry insights. For the overview of our market landscape, see “Industry— Overview of Plastics and Chemical Industriesand Overview of Supply Chain Management Industry.”

We believe that we are well-positioned to effectively compete on the basis of the factors listed above. However, some of our current or future competitors may have similar or greater market presence, name recognition, and financial, marketing, technological, and other resources. See “Risk Factors — If we cannot manage the growth of our business or execute our strategies effectively, our business and prospects may be materially and adversely affected.” and “Risk Factors — We may fail to compete effectively in the supply chain management industry” for more details.

Insurance

We maintain various insurance policies to safeguard against risks and unexpected events. We provide social security insurance, including pension insurance, unemployment insurance, work-related injury insurance, maternity insurance and medical insurance for our employees. Additionally, we maintain insurance to cover our account receivables for several subsidiaries in China, with coverage up to a maximum of RMB 1 billion annually and a coverage ratio of 90%, subject to the coverage limit of 40 times the insurance fee paid (minimum threshold of insurance fee: RMB 0.6 million). The account receivable insurance protects us from potential risks arising from our account receivables such as non-payment, insolvency, or default. We do not maintain business interruption insurance, nor do we maintain product liability insurance or key-man life insurance