v3.25.1
Share Capital, Capital Reserve and Treasury Shares - Schedule of Ordinary Shares (Details) - shares
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Class A Ordinary Shares [Member]    
Class of Stock [Line Items]    
Balance 242,765,736 144,077,211
Issued during the year 12,157,782 [1] 98,688,525 [2],[3]
Re-issue of treasury shares [4]  
Re-issue of treasury shares [4]  
Repurchase of ordinary shares [5]  
Balance 254,923,518 242,765,736
Class B Ordinary Shares [Member]    
Class of Stock [Line Items]    
Balance 157,842,028 131,739,722
Issued during the year [1] [2],[3]
Re-issue of treasury shares [4]   30,875,576
Re-issue of treasury shares [4]   (30,875,576)
Repurchase of ordinary shares [5]   (4,773,270)
Balance 157,842,028 157,842,028
Class B Treasury Shares [Member]    
Class of Stock [Line Items]    
Balance 75,684,951 101,787,257
Issued during the year [2],[3]
Re-issue of treasury shares [4]   30,875,576
Re-issue of treasury shares [4]   (30,875,576)
Repurchase of ordinary shares [5]   4,773,270
Balance 75,684,951 75,684,951
[1] During the year ended December 31, 2024, the Company issued 12,157,782 Class A shares at a consideration of US$20,000.
[2] During the year ended December 31, 2023, the Company acquired 100% of The Art Newspaper SA with part of purchase consideration settling by issuing 8,688,525 Class A shares to the selling shareholders with fair value of US$5,607. Details on Note 32 (a)(ii).
[3] In April 2023, the Company issued 90,000,000 Class A shares to the private investors at US$1.04 per share.
[4] In February 2023, the Company acquired WME Assets and the transaction was settled by 30,875,576 Class B treasury shares of the Company reissued at US$8.68 per share of the Company.
[5] On December 31, 2023, the Company repurchased 4,773,270, Class B ordinary shares from the immediate holding company, amounting to US$40,000.