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SHARE OPTIONS (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure Of Share Options And Share Warrants [Abstract]  
Schedule of Grants of Share Options and Warrants
 
 
Share
Options
‘A’ Ordinary
Shares
   
Weighted-
average exercise
price
US$
Per ‘A’ Ordinary
Share
   
Range
US$
Per ‘A’ Ordinary
Share
 
                         
Outstanding January 1, 2021
   
19,485,990
     
0.79
     
0.19-4.36
 
Granted
   
-
     
-
     
-
 
Exercised
   
-
     
-
     
-
 
Expired / Forfeited
   
(758,000
)
   
1.07
     
0.19-4.21
 
 
                       
Outstanding December 31, 2021
   
18,727,990
     
0.78
     
0.19-4.36
 
 
   
-
     
-
     
-
 
Exercisable December 31, 2021
   
13,401,322
     
0.93
     
0.19-4.36
 
 
                       
Outstanding January 1, 2022
   
18,727,990
     
0.78
     
0.19-4.36
 
Granted
   
29,400,000
     
0.27
     
0.27-0.29
 
Exercised
   
(2,733,328
)
   
0.19
     
0.19-0.19
 
Expired / Forfeited
   
(579,990
)
   
1.87
     
0.69-4.36
 
 
                       
Outstanding December 31, 2022
   
44,814,672
     
0.47
     
0.19-2.43
 
 
                       
Exercisable December 31, 2022
   
14,138,004
     
0.89
     
0.19-2.43
 
 
                       
Outstanding January 1, 2023
   
44,814,672
     
0.47
     
0.19-2.43
 
Granted
   
19,600,000
     
0.14
     
0.12-0.25
 
Exercised
   
(880,000
)
   
0.19
     
0.19-0.19
 
Expired / Forfeited
   
(16,620,000
)
   
0.33
     
0.27-2.43
 
 
                       
Outstanding December 31,2023
   
46,914,672
     
0.39
     
0.12-1.34
 
 
                       
Exercisable December 31,2023
   
19,764,672
     
0.67
     
0.19-1.34
 

 

In February 2024, the Company adjusted its ADS ratio from 1 ADS: 4 ordinary share to 1 ADS: 20 ordinary shares. The 2023 and 2022 ADS amounts in the below tables reflect this change.
 
The number and weighted average exercise price of share options per ADS is as follows:
 
 
 
Share
Options
‘ADS’ Equivalent
   
Weighted-
average exercise
price
US$
Per ‘ADS’
   
Range
US$
Per ‘ADS’
 
 
                 
Outstanding January 1, 2021
   
974,300
     
15.80
     
3.80-87.20
 
Granted
                       
Exercised
                       
Expired / Forfeited
   
(37,900
)
   
21.40
     
3.80-84.20
 
                         
Outstanding December 31, 2021
   
936,400
     
15.60
     
3.80-87.20
 
 
                       
Exercisable December 31, 2021
   
670,066
     
18.60
     
3.80-87.20
 
                         
Outstanding January 1, 2022
   
936,400
     
15.60
     
3.80-87.20
 
Granted
   
1,470,000
     
5.40
     
5.40-5.80
 
Exercised
   
(136,666
)
   
3.80
     
3.80-3.80
 
Expired / Forfeited
   
(29,000
)
   
37.40
     
13.80-87.20
 
                         
Outstanding December 31, 2022
   
2,240,734
     
9.40
     
3.80-48.60
 
 
                       
Exercisable December 31, 2022
   
706,900
     
17.80
     
3.80-48.60
 
                         
Outstanding January 1, 2023
   
2,240,734
     
9.40
     
3.80-48.60
 
Granted
   
980,000
     
2.80
     
2.40-5.00
 
Exercised
   
(44,000
)
   
3.80
     
3.80-3.80
 
Expired / Forfeited
   
(831,000
)
   
6.60
     
5.40-48.60
 
                         
Outstanding December 31, 2023
   
2,345,734
     
7.80
     
2.40-26.80
 
                         
Exercisable December 31, 2023
   
988,234
     
13.40
     
3.80-26.80
 
 
Schedule of Range of Prices of Stock Options
     

Outstanding

   

Exercisable

Exercise price range
   
No. of
options
‘A’ ordinary
shares
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
   
No. of
options
‘A’ ordinary
shares
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
 
US$0.12-US$0.99
     
42,266,672
     
0.28
     
5.50
     
15,116,672
     
0.47
     
4.16
 
US$1.00-US$1.74
     
4,648,000
     
1.33
     
0.79
     
4,648,000
     
1.33
     
0.79
 
                                                   
       
46,914,672
                     
19,764,672
                 
 
     
Outstanding
   
Exercisable
 
Exercise price range
   
No. of
options
‘ADS
equivalent’
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
   
No. of
options
‘ADS
equivalent’
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
 
US$2.40-US$19.80
     
2,113,334
     
5.64
     
5.50
     
755,834
     
9.32
     
4.16
 
US$20.00-US$34.80
     
232,400
     
26.54
     
0.79
     
232,400
     
26.54
     
0.79
 
                                                   
       
2,345,734
                     
988,234
                 
     

Outstanding

   

Exercisable

Exercise price range
   
No. of
options
‘A’ ordinary
shares
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
   
No. of
options
‘A’ ordinary
shares
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
 
US$0.12-US$0.99
     
39,546,672
     
0.35
     
6.10
     
8,930,004
     
0.59
     
4.05
 
US$1.00-US$1.74
     
4,988,000
     
1.34
     
1.78
     
4,928,000
     
1.34
     
1.74
 
US$1.75- US$2.43
     
280,000
     
2.43
     
0.15
     
280,000
     
2.43
     
0.15
 
                                                   
       
44,814,672
                     
14,138,004
                 

 

     
Outstanding
   
Exercisable
 
Exercise price range
   
No. of
options
‘ADS
equivalent’
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
   
No. of
options
‘ADS
equivalent’
   
Weighted–
average
exercise
price
   
Weighted-
average
contractual
life
remaining
(years)
 
US$2.40-US$19.99
     
1,977,334
     
7.00
     
6.10
     
446,500
     
11.80
     
4.05
 
US$20.00-US$34.80
     
249,400
     
26.80
     
1.78
     
246,400
     
26.80
     
1.74
 
US$35.00- US$48.60
     
14,000
     
48.60
     
0.15
     
14,000
     
48.60
     
0.15
 
                                                   
       
2,240,734
                     
706,900
                 
Schedule of Fair Value of the Options Vesting Period
 
 
 
December 31,
2023
US$‘000
   
December 31,
2022
US$‘000
   
December 31,
2021
US$‘000
 
Share-based payments – cost of sales
   
-
     
-
     
5
 
Share-based payments – selling, general and administrative
   
2,069
     
1,755
     
1,095
 
 
                       
Total – continuing operations
   
2,069
     
1,755
     
1,100
 
Share-based payments – discontinued operations
   
-
     
-
     
-
 
 
                       
Total
   
2,069
     
1,755
     
1,100
 
 
Schedule of Assumption Determining Fair Value of Share Options
 
 
Key
 management
 personnel
   
Key
 management
 personnel
   
Key
 management
 personnel
 
 
 
2023
   
2022
   
2021
 
Weighted average fair value at measurement date per ‘A’ share / (per ADS)
 
$
US0.50 / (US$10.04
 
 
$
US0.19 / (US$3.80
 
   
-/ -
 
                         
Total ‘A’ share options granted / (ADS’s equivalent)
   
19,600,000/
(980,000
)
   
29,400,000 /
(1,470,000
)
   
-/ -
 
                         
Weighted average share price per ‘A’ share / (per ADS)
 
$
US0.14/
(US$2.80
)
 
$
US0.27 /
(US$5.40
)    
-/ -
 
                         
Weighted average exercise price per ‘A’ share / (per ADS)
 
$
US0.14 /
(US$2.80
)
 
$
US0.27 /
(US$5.40
)
   
-/ -
 
                         
Weighted average expected volatility
   
40.21
%
   
76.79
%
   
-
 
                         
Weighted average expected life
   
7
     
6.82
     
-
 
                         
Weighted average risk-free interest rate
   
4.13
%
   
3.59
%
   
-