Fair Value and Fair Value Hierarchy of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value and Fair Value Hierarchy of Financial Instruments [Abstract]

Schedule of Financial Instruments Measured at Fair Value

The carrying amounts and fair values of the Group’s financial instruments measured at fair value are as follows:

		Fair values
		As of December 31,
		2024				2023
		US$				US$
Financial assets
Financial assets at fair value through profit or loss			164,620				79,607

Schedule of Significant Unobservable Inputs to Valuation of Financial Instruments

Below is summary of significant unobservable inputs to valuation of financial instruments as of December 31, 2023 and 2024:

		Valuation technique		Significant unobservable input		Range or estimate
Unlisted equity investment		Multiple/ EVA		Equity volatility		69.60%
Movie income right investments		Income approach		Discount rate		10.40%-12.59%

Schedule of Assets Measured at Fair Value

Assets measured at fair value:

Fair value measurement using

Quoted
prices in
active
markets
(Level 1)

Recent
transaction
price
(Level 2)

Significant
unobservable
inputs
(Level 3)

Total

US$

US$

US$

US$

As of December 31, 2023

Financial assets at fair value through profit or loss

72,053

1,813

5,741

79,607

As of December 31, 2024

Financial assets at fair value through profit or loss

149,849

8,908

5,863

164,620

Schedule of Movements in Fair Value Measurements

The movements in fair value measurements within Level 3 during the years are as follow:

		For the year ended December 31,
		2024				2023
		US$				US$
Unlisted equity shares at fair value through profit or loss:
At January 1,			5,741				80,528
Disposal			—				(25,539	)
Transfer			—				4,118
Derecognition upon acquisition of subsidiaries			—				(66,190	)
Total gains in profit or loss			—				12,804
Exchange realignment			122				20

At December 31,			5,863				5,741

Schedule of Derivative Financial Assets

		For the year ended December 31,
		2023
		US$
Derivative financial assets in relation to the Agreement:
At January 1,			167,388
Net fair value gains recognized in profit or loss			34,234
Settlement			(201,411	)
Exchange realignment			(211	)
At December 31,			—

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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