Note 8 - Long-term Investments

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Equity Method Investments and Joint Ventures Disclosure [Text Block]

8. Long-term investments

	Amount
	US$(’000)
Balance as of January 1, 2024		794
Exchange translation adjustment		-
Cash investments during the year		2
Disposed during the year		(397	)
Impairment losses provided during the year		(2	)
Balance as of June 30, 2024 (Unaudited)		397

As of June 30, 2024, except for long-term investments which were fully impaired, the Company beneficially owned a 7.69%, 9.9%, 9.9% and 9% equity interest in each New Business Holdings Limited (“New Business”), Guangdong Yong Fu Xiang Health Management Co., Ltd (“Yong Fu Xiang”), Wuhan Ju Liang Media Co., Ltd. (“Wuhan Ju Liang”) and Fu Meng Hui (Guangzhou) Management Consulting Co., Ltd. (“Fu Meng Hui”), respectively.

On May 27, 2024, the Company sold approximately 7.69% equity interest in New Business to an unrelated party at a total consideration of approximately US$0.40 million.

The Company measures each investment which does not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Company.

For the six months ended June 30, 2024, the Company provided $0.002 million in impairment loss against its long-term investments.