LEASES (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of components of lease cost


		Six Months Ended June 30,
		2025		2024
		US$		US$
Operating lease cost		9,850		14,222
Short-term lease cost		4,066		1,431
Variable lease cost		—		83
Total		13,916		15,736

Schedule of supplemental cash flows information related to leases


		Six Months Ended June 30,
		2025		2024
		US$		US$
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases		9,196		13,522
Right-of-use assets obtained in exchange for lease obligations
Operating leases		145		2,640

Schedule of supplemental balance sheet information related to leases


		As of		As of
		June 30, 2025		December 31, 2024
		US$		US$
Operating Leases
Operating lease right-of-use assets (i)		131,166		144,029
Less: Provision for impairment (note 2(d))		(4,518)		—
		126,648		144,029
Operating lease liabilities, current
− Operating lease liabilities-third parties		11,493		14,094
− Operating lease liabilities-related parties (ii)		1,625		1,028
Operating lease liabilities, non-current
− Operating lease liabilities-third parties		64,794		68,331
− Operating lease liabilities-related parties		4,025		10,729
Total operating lease liabilities		81,937		94,182

(i)Operating lease right-of-use assets included land use rights with carrying amount of US$45,755 as of June 30, 2025.

(ii)This item is included in accrued expenses and other current liabilities – related parties in the unaudited condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024, respectively.

Schedule of weighted average remaining lease term and weighted average discount rate for operating leases


		Six Months Ended June 30,
		2025		2024
		US$		US$
Weighted-average remaining lease term
Operating leases		6.71 years		7.78 years
Weighted-average discount rate
Operating leases		6.31	%	6.64	%