v3.25.1
Financial Assets at Fair Value Through Profit or Loss and Stock Loan
12 Months Ended
Dec. 31, 2024
Financial Assets at Fair Value Through Profit or Loss and Stock Loan [Abstract]  
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS AND STOCK LOAN
13.FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS AND STOCK LOAN

 

   As of December 31, 
   2024   2023 
   US$   US$ 
Financial assets at fair value through profit or loss, other than financial asset at fair value through profit or loss under stock loan   164,620    66,290 
Financial assets at fair value through profit or loss under stock loan   

-

    13,317 
Total financial assets at fair value through profit or loss   164,620    79,607 
           
Listed equity shares   149,918    72,053 
Unlisted equity shares   2,570    2,005 
Movie income right investments   12,132    5,549 
    164,620    79,607 
Presented as          
Current   24,987    
-
 
Non-current   139,633    79,607 
    164,620    79,607 

 

The above unlisted investments at December 31, 2023 and 2024 were equity shares investments issued by enterprises. Financial assets at fair value through profit or loss are categorized into Levels 1 to 3. Refer to Note 30 for more information.

 

In previous years, the Group entered into a stock lending agreement, pursuant to which the Group lent certain listed equity shares of the Group to the counterparty, with an interest of 2% per annum based on market value of the listed equity shares of the previous month end.

 

As of December 31, 2023, the fair values of the listed equity shares underlying the stock loan were US$13,317. All stock loan arrangements have been terminated during the year ended December 31, 2024.

 

The Group entered into movie income right agreements with certain production houses. In accordance with the relevant agreements, the Group is entitled to certain percentage of the profit to be derived from the release of the films upon entering into the agreement. The Group may be required to further contribute to the film program due to the budget overruns. Any agreed further contribution to the film program due to the budget overruns will be added to the carrying amounts of financial assets.