Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 52

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 52
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 that the steps we have taken or will take will prevent the misappropriation of our intellectual property. From time to time, we may have to resort to litigation to enforce our intellectual property rights, which could result in substantial costs and the diversion of our resources.
Some of our leasehold interests may be defective, which may challenge or affect our right to use the leased properties. In addition, we have not completed registration procedures in respect of our leased properties with the relevant PRC authorities.
Certain of these leased properties in China are not used in accordance with PRC laws. Our leasehold interests in such leased properties are therefore under defective situations. Some of our leased properties may have legal defects that could affect our lease rights. In certain cases, lessors may not have provided us with the necessary certificates, approvals, or consents proving their right to lease or sublease these properties. Additionally, some properties may be subject to legal uncertainties related to land use planning, mortgages, or other encumbrances, which could result in our lease rights being challenged or invalidated, potentially requiring us to relocate and incur additional costs. Furthermore, most of our lease agreements in China have not been registered with the relevant authorities, and failure to complete such registration within a specified timeframe may subject us to fines ranging from RMB 1,000 to RMB 10,000 per unregistered lease agreement.
If any of our leases are terminated or become unenforceable as a result of challenges from third parties or the above mentioned defects, we would need to seek alternative properties, relocate the relevant functions and move our stores, offices or service centers somewhere else and incur relocation costs, and there is no guarantee that we would be able to find suitable alternative properties on reasonable commercial terms, if at all. Any relocation could lead to disruptions to our operations and may have an adverse effect on our business, financial condition, results of operations and prospects.
We may be required to change our registered address or relocate our operating offices under PRC law.
Under PRC law, the registered address of a company shall be its main premises for business operations. If a company intends to set up other premises for business operations outside its registered address, the company shall register those premises for business operations as branch offices with the relevant local market regulation authorities at the place where the premises are located and obtain business licenses for them as branch offices.
Currently, some of our subsidiaries have set up premises for business operations outside their registered addresses as the operating addresses, and use these premises as the main premises for business operations. We