| Schedule of Financial Liabilities at Fair Value Through Profit or Loss |
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|
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Note
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December 31,
2023
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|
December 31,
2024
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Current item:
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|
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|
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|
|
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Financial liabilities mandatorily measured at fair value through profit or loss
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|
|
|
|
|
|
|
|
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Contingent consideration of acquisition of subsidiaries
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|
c
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|
$
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60,664 |
|
$
|
1,374,290 |
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Convertible promissory note
|
|
e
|
|
|
—
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|
|
5,670,000 |
|
Warrants
|
|
f
|
|
|
—
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|
|
824,797 |
| |
|
|
|
$
|
60,664 |
|
$
|
7,869,087 |
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Non-Current item:
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|
|
|
|
|
|
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Financial liabilities mandatorily measured at fair value through profit or loss
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|
|
|
|
|
|
|
|
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Convertible promissory note
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|
e
|
|
$
|
—
|
|
$
|
1,431,000 |
| |
|
|
|
$
|
—
|
|
$
|
9,300,087 |
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| Schedule of Amounts Recognized in Profit of Loss |
Amounts recognized in profit of loss in relation to the financial liabilities at fair value through profit or loss are listed below:
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Year ended December 31,
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| |
|
Note
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2022
|
|
2023
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|
2024
|
|
Gain/(losses) recognized in “Other gains and losses” (see Note 25)
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Contingent consideration of acquisition of subsidiaries
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|
c
|
|
$
|
(74,249 |
)
|
|
$
|
44,131 |
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$
|
124,212 |
|
|
Preference shares liabilities
|
|
d
|
|
|
(8,265,459 |
)
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|
|
5,436,783 |
|
|
—
|
|
|
Call option of acquisition of subsidiaries
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|
b
|
|
|
285,202 |
|
|
|
—
|
|
|
—
|
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Convertible promissory note
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|
e
|
|
|
—
|
|
|
|
—
|
|
|
(586,007 |
)
|
|
Warrants
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|
f
|
|
|
—
|
|
|
|
—
|
|
|
(214,769 |
)
|
| |
|
|
|
$
|
(8,054,506 |
)
|
|
$
|
5,480,914 |
|
$
|
(676,564 |
)
|
|
| Schedule of Issued Series of Convertible Preference Shares |
As shown in the table below, the Company had issued series of convertible preference shares, which was assessed as financial liabilities at fair value through profit or loss due to either its redemption option or contingent settlement provisions feature.
| | | Authorized
shares
(in thousands
of shares) | | Issuance date | | Shares
issued
(in thousands
of shares) | | Total
issuance
amount | |
December 31, 2022
| | May 22, 2023 | | Share
price | | Total
amount | | Share
price | | Total
amount | | Series A | | 671 | | 2015.5.20~2016.7.20 | | 671 | | $ | 1,200,000 | | 6.517620 | | $ | 4,374,631 | | 6.563968 | | $ | 4,405,739 | | Series B | | 664 | | 2016.10.31~2017.4.11 | | 655 | | | 1,869,000 | | 7.671446 | | | 5,020,231 | | 6.739042 | | | 4,410,061 | | Series B-1 | | 45 | | 2017.11.9~2017.11.27 | | 45 | | | 180,000 | | 8.209743 | | | 370,820 | | 6.806791 | | | 307,451 | | Series C | | 791 | | 2018.2.1~2019.3.14 | | 791 | | | 3,500,000 | | 8.423361 | | | 6,662,455 | | 6.829142 | | | 5,401,508 | | Series C-1 | | 484 | | 2019.3.14~2019.10.2 | | 484 | | | 2,217,055 | | 8.075899 | | | 3,906,631 | | 6.784503 | | | 3,282,230 | | Series C-2 | | 196 | | 2019.6.13~2019.10.2 | | 195 | | | 1,103,300 | | 8.505116 | | | 1,662,560 | | 6.840327 | | | 1,337,131 | | Series D-1 | | 465 | | 2020.6.25 | | 465 | | | 3,300,000 | | 9.674214 | | | 4,500,779 | | 7.083168 | | | 3,295,335 | | Series D-2 | | 1,228 | | 2020.11.19~2022.5.12 | | 648 | | | 4,592,249 | | 9.035528 | | | 5,849,746 | | 6.906864 | | | 4,471,615 | | Total | | | | | | 3,954 | | $ | 17,961,604 | | | | $ | 32,347,853 | | | | $ | 26,911,070 |
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| Schedule of Issued Convertible Promissory Notes |
Between January and October of 2024, the Company issued convertible promissory notes with a maturity date on December 7, 2024 to its existing shareholders and other third parties (refer as the “2024 Convertible Promissory Notes”) as follows: | Holder | | Issuance date | | Issuance
amount | | Interest rate | | Note | | A | | 2024.1.2 | | $ | 509,041 | | 10 | % | | 1 | | B | | 2024.1.4 | | | 300,000 | | 10 | % | | 2 | | A | | 2024.3.6 | | | 250,000 | | 10 | % | | 2 | | C | | 2024.3.19 | | | 100,000 | | 10 | % | | 2 | | D | | 2024.3.20 | | | 66,430 | | 10 | % | | 2 | | E | | 2024.5.16 | | | 100,000 | | 10 | % | | 2 | | F | | 2024.6.3 | | | 150,000 | | 10 | % | | 2 | | G | | 2024.8.15 | | | 150,000 | | 10 | % | | 2 | | H | | 2024.9.12 | | | 100,000 | | 10 | % | | 2 | | I | | 2024.10.23 | | | 1,000,000 | | 10 | % | | 2 | | | | | | $ | 2,725,471 | | | | | |
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