| Schedule of Total Consideration Transferred For Acquisition of Dragon Marketing |
The total consideration transferred for the acquisition of MG by the Group is as follows:
|
|
|
May 25,
2023
|
|
Purchase consideration
|
|
|
|
| Equity instruments (10,035,783 ordinary shares of the Company) |
|
$ |
70,629,011 |
The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the acquisition date:
|
|
|
May 25,
2023
|
|
Cash and cash equivalents
|
|
$
|
1,903,424 |
|
|
Accounts receivables and notes receivables
|
|
|
2,633,089 |
|
|
Other receivables
|
|
|
130,238 |
|
|
Inventories
|
|
|
130,150 |
|
|
Prepayments
|
|
|
373,905 |
|
|
Property, plant and equipment, net
|
|
|
525,791 |
|
|
Right-of-use assets
|
|
|
6,371,979 |
|
|
Intangible assets
|
|
|
30,960,827 |
|
|
Non-current financial assets at fair value through profit or loss
|
|
|
40,654 |
|
|
Non-current financial assets at fair value through other comprehensive income
|
|
|
118,400 |
|
|
Deferred tax assets
|
|
|
403,458 |
|
|
Other non-current assets
|
|
|
729,435 |
|
|
Short-term borrowings
|
|
|
(3,239,093 |
)
|
|
Contract liabilities
|
|
|
(367,500 |
)
|
|
Accounts payable
|
|
|
(915,805 |
)
|
|
Income tax payable
|
|
|
(10,207 |
)
|
|
Other payables
|
|
|
(697,286 |
)
|
|
Other current liabilities
|
|
|
(742,761 |
)
|
|
Bonds payable
|
|
|
(469,476 |
)
|
|
Long-term borrowings
|
|
|
(210,333 |
)
|
|
Lease liabilities
|
|
|
(6,098,825 |
)
|
|
Deferred tax liabilities
|
|
|
(10,500,374 |
)
|
|
Provision
|
|
|
(667,522 |
)
|
|
Other non-current liabilities
|
|
|
(842,610 |
)
|
|
Fair value of identifiable net assets
|
|
$
|
19,559,558 |
|
The goodwill recognized by the Group as a result of the acquisition is as follows:
|
|
|
May 25,
2023
|
|
Transfer considerations
|
|
$
|
70,629,011 |
|
|
Less: Fair value of identifiable net assets
|
|
|
(19,559,558 |
)
|
|
Goodwill
|
|
$
|
51,069,453 |
|
The total consideration transferred for the acquisition of Dragon Marketing by the Group is as follows:
|
|
|
September 1,
2024
|
|
Purchase consideration
|
|
|
|
| Equity instruments (558,677 ordinary shares of the Company) |
|
$ |
4,625,055 |
The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the acquisition date:
|
|
|
September 1,
2024
|
|
Cash and cash equivalents
|
|
$
|
1,552,346 |
|
|
Contract Assets
|
|
|
61,278 |
|
|
Accounts receivables
|
|
|
78,816 |
|
|
Other receivables
|
|
|
643,607 |
|
|
Prepayments
|
|
|
303,398 |
|
|
Investment Properties
|
|
|
2,437,957 |
|
|
Intangibles assets
|
|
|
474,852 |
|
|
Contract liabilities
|
|
|
(45,762 |
)
|
|
Other payables
|
|
|
(98,791 |
)
|
|
Other current liabilities
|
|
|
(2,355,122 |
)
|
|
Long-term borrowings
|
|
|
(269,437 |
)
|
|
Deferred tax liabilities
|
|
|
(101,812 |
)
|
|
Other non-current liabilities
|
|
|
(125 |
)
|
|
Fair value of identifiable net assets
|
|
$
|
2,681,205 |
|
The goodwill recognized by the Group as a result of the acquisition is as follows:
|
|
|
September 1,
2024
|
|
Transfer considerations
|
|
$
|
4,625,055 |
|
|
Less: Fair value of identifiable net assets
|
|
|
(2,681,205 |
)
|
|
Goodwill
|
|
$
|
1,943,850 |
|
|