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SHARE OPTIONS (Tables)
12 Months Ended
Dec. 31, 2025
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, 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

 

 

 

 

 

 

 

 

 

Outstanding January 1, 2025

 

40,506,672

 

 

0.26

 

 

0.12-1.29

Expired / Forfeited

 

(489,167)

 

 

0.35

 

 

0.14-1.29

 

 

 

 

 

 

 

 

 

Outstanding December 31, 2025

 

40,017,505

 

 

0.26

 

 

0.12-1.10

 

 

 

 

 

 

 

 

 

Exercisable December 31, 2025

 

24,123,755

 

 

0.32

 

 

0.12-1.10

 

 

Share Options ‘ADS’ Equivalent

 

 

Weighted- average exercise price US$ Per ‘ADS’

 

 

Range US$ Per ‘ADS’

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Outstanding January 1, 2025

 

2,025,334

 

 

5.20

 

 

2.40-25.80

Expired / Forfeited

 

(24,458)

 

 

6.99

 

 

2.80-25.80

 

 

 

 

 

 

 

 

 

Outstanding December 31, 2025

 

2,000,876

 

 

5.20

 

 

2.40-22.05

 

 

 

 

 

 

 

 

 

Exercisable December 31, 2025

 

1,206,188

 

 

6.39

 

 

2.40-22.05

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

 

39,897,505

 

 

0.26

 

 

3.99

 

24,003,755

 

0.33

 

3.38

US$1.00-US$1.29

 

120,000

 

 

1.10

 

 

1.96

 

120,000

 

1.10

 

1.96

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40,017,505

 

 

 

 

 

 

 

24,123,755

 

 

 

 

  

 

 

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

 

1,994,876

 

 

5.20

 

 

3.99

 

1,200,188

 

6.56

 

3.38

US$20.00-US$25.80

 

6,000

 

 

22.05

 

 

1.96

 

6,000

 

22.05

 

1.96

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,000,876

 

 

 

 

 

 

 

1,206,188

 

 

 

 

 

 

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

 

 

 

 

Schedule of Assumption Determining Fair Value of Share Options

 

Key management personnel

 

Key management personnel

 

Key management personnel

 

 

2025

 

2024

 

2023

 

Weighted average fair value at measurement date per ‘A’ share / (per ADS)

$

-

 

$

US$0.10 /(US$2.08)

 

$

US$0.50 /(US$10.04)

 

 

 

 

 

 

 

 

 

 

 

Total ‘A’ share options granted / (ADS’s equivalent)

 

-

 

 

12,100,000 / (605,000)

 

 

19,600,000 /(980,000)

 

 

 

 

 

 

 

 

 

 

 

Weighted average share price per ‘A’ share / (per ADS)

$

-

 

$

US$0.14/(US$2.80)

 

$

US$0.14 /(US$2.80)

 

 

 

 

 

 

 

 

 

 

 

Weighted average exercise price per ‘A’ share / (per ADS)

$

-

 

$

US$0.14/(US$2.80)

 

$

US$0.14 /(US$2.80)

 

 

 

 

 

 

 

 

 

 

 

Weighted average expected volatility

 

-

%

 

74.40

%

 

40.21

%

 

 

 

 

 

 

 

 

 

 

Weighted average expected life

 

-

 

 

7

 

 

7

 

 

 

 

 

 

 

 

 

 

 

Weighted average risk-free interest rate

 

-

%

 

4.06

%

 

4.13

%