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SHARE OPTIONS (Tables)
12 Months Ended
Dec. 31, 2024
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, 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
 
 
                       
Outstanding January 1, 2024
   
46,914,672
     
0.39
     
0.12-1.34
 
Granted
   
12,100,000
     
0.14
     
0.14-0.14
 
Expired / Forfeited
   
(18,508,000
)
   
0.50
     
0.12-1.34
 
 
                       
Outstanding December 31, 2024
   
40,506,672
     
0.26
     
0.12-1.29
 
 
                       
Exercisable December 31, 2024
   
17,275,422
     
0.41
     
0.12-1.29
 
 
In February 2024, the Company adjusted its ADS ratio from 1 ADS: 4 ordinary shares to 1 ADS: 20 ordinary shares. The 2024 and 2023 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, 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
 
 
   
 
                 
Outstanding January 1, 2024
   
2,345,734
     
7.80
     
2.40-26.80
 
Granted
   
605,000
     
2.80
     
2.80-2.80
 
Expired / Forfeited
   
(925,400
)
   
10.00
     
2.40-26.80
 
 
   
 
                 
Outstanding December 31, 2024
   
2,025,334
     
5.20
     
2.40-25.80
 
 
   
 
                 
Exercisable December 31, 2024
   
863,771
     
8.20
     
2.40-25.80
 
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
   
40,356,672
     
0.25
     
5.00
     
17,125,422
     
0.40
     
4.78
 
US$1.00-US$1.29
   
150,000
     
1.14
     
2.38
     
150,000
     
3.76
     
2.36
 
                                                 
     
40,506,672
                     
17,275,422
                 
 
 
 
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
   
2,017,834
     
5.00
     
5.00
     
856,271
     
8.00
     
4.78
 
US$20.00-US$25.80
   
7,500
     
22.80
     
2.38
     
7,500
     
22.80
     
3.38
 
                                                 
     
2,025,334
                     
863,771
                 
 
 
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
                 
Schedule of Fair Value of the Options Vesting Period
 
 
December 31,
2024
US$‘000
   
December 31,
2023
US$‘000
   
December 31,
2022
US$‘000
 
Share-based payments – cost of sales
   
-
     
-
     
-
 
Share-based payments – selling, general and administrative
   
1,316
     
2,069
     
1,755
 
 
                       
Total – continuing operations
   
1,316
     
2,069
     
1,755
 
Share-based payments – discontinued operations
   
-
     
-
     
-
 
 
                       
Total
   
1,316
     
2,069
     
1,755
 
Schedule of Assumption Determining Fair Value of Share Options
 
 
Key
management
personnel
   
Key
management
personnel
   
Key
management
personnel
 
 
 
2024
   
2023
   
2022
 
Weighted average fair value at measurement date per ‘A’ share / (per ADS)
 
US$0.10 /
(US$2.08
)
 
US0.50 /
(US$10.04
)
 
US0.19 /
(US$3.80
)
                         
Total ‘A’ share options granted / (ADS’s equivalent)
   
12,100,000 / (605,000
)
   
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
)
 
US0.14 /
(US$2.80
)
 
US0.27 /
(US$5.40
)
                         
Weighted average exercise price per ‘A’ share / (per ADS)
 
US0.14 /
(US$2.80
)
 
US0.14 /
(US$2.80
)
 
US0.27 /
(US$5.40
)
                         
Weighted average expected volatility
   
74.40
%
   
40.21
%
   
76.79
%
                         
Weighted average expected life
   
7
     
7
     
6.82
 
                         
Weighted average risk-free interest rate
   
4.06
%
   
4.13
%
   
3.59
%