v3.25.2
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies
21. Commitments and contingencies

 

  (a) Capital commitments

 

The Company’s capital commitment primarily relate to investing activities contracted but not yet reflected in the unaudited condensed consolidated financial statements:

 

Twelve months ending June 30,  Haicang
Property		 
   In thousands
of USD		 
Less than one year  $- 
1-3 years   - 
3-5 years   3,017 
More than 5 years   - 
Total  $3,017 

 

Other than those shown above, the Company did not have any significant commitments, long-term obligations, or guarantees as of June 30, 2025 and December 31, 2024.

 

(b) Contingencies

 

The Company is subject to legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but the Company does not anticipate that the final outcome arising out of any such matter will have a material adverse effect on our consolidated financial position, cash flows or results of operations on an individual basis or in the aggregate. As of June 30, 2025 and December 31, 2024, the Company is not a party to any material legal or administrative proceedings.