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LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2025
Earnings per share [Abstract]  
Schedule of Basic Earnings Per Ordinary Share

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

‘A’ ordinary shares

371,513,458

 

359,193,482

 

153,099,405

 

 

 

 

 

 

Basic loss per share denominator

371,513,458

 

359,193,482

 

153,099,405

 

 

 

 

 

 

Reconciliation to weighted average loss per share denominator:

 

 

 

 

 

Number of ‘A’ ordinary shares at January 1 (Note 19)

371,749,080

 

165,865,882

 

164,985,882

Weighted average number of ‘A’ ordinary shares issued during the year*

12,319,978

 

205,883,200

 

669,123

Weighted average number of treasury shares

(12,555,600)

 

(12,555,600)

 

(12,555,600)

 

 

 

 

 

 

Basic loss per share denominator

371,513,458

 

359,193,482

 

153,099,405

 

*The weighted average number of shares issued during the year is calculated by taking the number of shares issued multiplied by the number of days in the year each share is in issue, divided by 365 days.

Schedule of Diluted Earnings Per Ordinary Share

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

Potentially Dilutive Instruments:

 

 

 

 

 

Issuable on exercise of options (Note 20)

-

 

-

 

186,908

Issuable on exercise of warrants to Perceptive (Note 23)

57,200,000

 

20,173,151

 

-

Issuable on exercise of conversion options to Perceptive (Note 23)

34,712,063

 

-

 

-

Issuable on conversion of Exchangeable notes (Note 23)

38,391

 

38,391

 

38,391

Issuable on conversion of Convertible notes (Note 23)

24,691,358

 

24,691,358

 

24,691,358

 

 

 

 

 

 

Total number of potentially dilutive instruments excluded from the weighted average number of ‘A’ ordinary shares in calculating dilutive loss per ‘A’ ordinary share

116,641,812

 

44,902,900

 

24,916,657

Schedule of Basic Earning Per ADS

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

ADS

18,575,673

 

17,959,674

 

7,654,970

 

 

 

 

 

 

Basic loss per ADS denominator

18,575,673

 

17,959,674

 

7,654,970

 

 

 

 

 

 

Reconciliation to weighted average loss per ADS denominator:

 

 

 

 

 

Number of ADS at January 1 (Note 19)

18,587,454

 

8,293,294

 

8,249,294

Weighted average number of shares issued during the year*

615,999

 

10,294,160

 

33,456

Weighted average number of treasury shares

(627,780)

 

(627,780)

 

(627,780)

 

 

 

 

 

 

Basic loss per ADS denominator

18,575,673

 

17,959,674

 

7,654,970

 

*The weighted average number of ADSs issued during the year is calculated by taking the number of ADSs issued multiplied by the number of days in the year each share is in issue, divided by 365 days.

Schedule of Diluted Earning Per ADS

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

Potentially Dilutive Instruments:

 

 

 

 

 

Issuable on exercise of options (Note 20)

-

 

-

 

9,345

Issuable on exercise of warrants to Perceptive (Note 23)

2,860,000

 

1,008,658

 

-

Issuable on exercise of conversion options to Perceptive (Note 23)

1,735,603

 

-

 

-

Issuable on conversion of Exchangeable notes (Note 23)

1,920

 

1,920

 

1,920

Issuable on conversion of Convertible notes (Note 23)

1,234,568

 

1,234,568

 

1,234,568

 

 

 

 

 

 

Total number of potentially dilutive instruments excluded from the weighted average number of ADS in calculating dilutive loss per ADS

5,832,091

 

2,245,146

 

1,245,833