CONTRACT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2024

Contract Liabilities

SCHEDULE OF CONTRACT LIABILITIES

	June 30, 2024			December 31, 2023
	US$’000			US$’000
	(Unaudited)
Contract liabilities - beginning of period/year		5,008			3,654
A change in time frame for a performance obligation satisfied		(6,405	)		(11,747	)
Advance received		5,511			13,205
Translation adjustment		(115	)		(104	)
Contract liabilities - subtotal		3,999			5,008
Less: contract liabilities to related parties		(1,360	)		(2,483	)
Contract liabilities - end of period/year		2,639			2,525