| Bank borrowings |
13.Bank borrowings | | | | | | | As of | | As of | | | December 31, | | June 30, | | | 2024 | | 2025 | 1-year term loan denominated in RMB at an interest rates of 2.80% to 2.85% per annum | | — | | 1,266 | 1-year revolving loan denominated in RMB at an interest rates of 2.50% to 3.05% per annum | | — | | 1,406 | Revolving service trade loans denominated in HK$at an interest rate of 4.98% | | — | | 1 | | | — | | 2,673 |
Note: | (i) | Corporate guarantee by Amber International and accounts receivable of the Company of US$1 (2024: US$Nil) are provided as pledge to secure the obligations under the facilities from certain banks. |
| (ii) | Out of the total banking facilities of US$7,672 available to the Company as of June 30, 2025, US$2,673 have been utilized by the Company as of June 30, 2025. As of June 30, 2025, total undrawn revolving, service trade and term loan facilities amounted to US$500, US$4,499 and US$Nil (2024: US$Nil, US$Nil and US$Nil), respectively. Total undrawn facilities available for draw-down as of June 30, 2025, net of bank deposits that would need to be pledged as restricted cash upon utilization of the facilities, amounted to US$Nil (2024: US$Nil). |
| (iii) | As of June 30, 2025 and December 31, 2024, no financial covenants as set out in these loan agreements were breached. |
The weighted average interest rate for bank borrowings outstanding as of June 30, 2025 was 2.80% per annum. Other than those shown above, Amber International did not have any significant capital and other commitments, long-term obligations, or guarantees as of June 30, 2025 and December 31, 2024.
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