v3.25.3
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF SHARE OPTION ACTIVITY

The following table sets forth the share option activities for the six months ended June 30, 2024 and 2025:

SCHEDULE OF SHARE OPTION ACTIVITY

 

   Number of shares   Weighted-average exercise price   Weighted average remaining contractual term   Aggregate
intrinsic
value		   Weighted average fair value of options 
         US$    YEARS    US$’000    US$ 
                          
Outstanding as of December 31, 2023   38,732,339    0.70    5.13    8,898.37    5.29 
                          
Granted   13,040,400    -*              0.01 
Forfeited   (4,489,139)   0.89              2.08 
Exercised   (1,822,800)   -*              0.01 
                          
Outstanding as of June 30, 2024   45,460,800    1.21    7.67    19,347.45    2.21 
                          
Outstanding as of December 31, 2024   31,602,600    0.21    3.60    14,336.67    0.38 
                          
Granted   178,060,800    -*              0.02 
Forfeited   (1,898,400)   0.07              (0.37)
Exercised   (170,400)   -*              0.14 
                          
Outstanding as of June 30, 2025   207,594,600    0.03    6.64    59,287.19    0.07 
Vested and expected to vest as of June 30, 2025   207,594,600    0.03    6.64    59,287.19    0.07 
Exercisable as of June 30, 2025   207,594,600    0.03    6.64    59,287.19    0.07 

 

*Less than 0.01
SCHEDULE OF SHARE-BASED COMPENSATION EXPENSES BY FUNCTION

The following table sets forth the amounts of share-based compensation expense included in each of the relevant financial statement line items:

 

 

           
   For the six months ended June 30, 
   2024   2025 
   RMB   RMB 
         
General and administrative expenses   52,172    16,157 
Research and development expenses   128    1,242 
Sales and marketing expenses   136    2,356 
Total   52,436    19,755