v3.25.1
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Compensation [Abstract]  
Schedule of Share Options Outstanding

For the year ended December 31, 2024, changes in the status of total outstanding options, were as follows:

 

   Number of
options		   Weighted
average
exercise price
in USD		   Weighted average
remaining
contractual life
(In years)		   Aggregate
Intrinsic Value
USD		 
Outstanding as of January 1, 2024   4,000,000    0.2305    5.19    408 
Outstanding as of December 31, 2024   4,000,000    0.2305    4.19    — 

A summary of share options outstanding as of December 31, 2024, and activity during the year then ended, is presented below:

 

   Number of
options		   Weighted
average
exercise price
in USD		   Weighted
average
remaining
contractual life
(In years)		   Aggregate
Intrinsic Value
USD		 
Outstanding as of January 1, 2023 
—
   —   —   — 
Granted   13,680,000    0.0500    4.49    4,275 
Exercised   
—
    —    —    — 
Forfeited   (2,380,000)   —    —    — 
Outstanding as of December 31, 2023   11,300,000    0.0500    3.59    3,192 
Granted   26,418,000    0.0955    3.19    1,778 
Exercised   (210,000)   —    —    — 
Forfeited   (10,039,420)   —    —    — 
Outstanding as of December 31, 2024   27,468,580    0.0903    2.59    57 
Schedule of Activity of Service-Based RSUs

A summary of the activity of the service-based RSUs for the year ended December 31, 2024 is presented as follows:

 

   Number of restricted shares   Weighted average
grant-date fair value		 
       US$ 
Unvested as of January 1, 2023   
—
    
—
 
Granted   536,990    3,410 
Unvested as of December 31, 2023   536,990    
—
 
Granted   1,268,200    1,511 
vested   (839,305)   
—
 
Forfeited   (5,190)   
—
 
Unvested as of December 31, 2024   960,695    
—
 
Schedule of Assumptions used in Determining Fair Value of MDRT Options on Grant Date The assumptions used in determining the fair value of the 2023 MDRT Options on the grant date were as follows:
Assumptions   2023 MDRT   2024 MDRT 1   2024 MDRT 2  
Expected dividend yield (Note i)   3.69%   3.22%   3.22%  
Risk-free interest rates (Note ii)   3.88%   4.81%   4.44-4.81%  
Expected volatility (Note iii)   51.41%   59.78%   59.78-60.61%  
Expected life in years (Note iv)   4.49   3.29   3.1-3.29  
Exercise multiple (Note v)   2.80   1.0   1.0  
Fair value of options on grant date   US$0.2896~US$0.2997   US$0.0834~US$0.0839   US$0.0711~US$0.1204