v3.26.1
EQUITY (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [abstract]  
Schedule of Share Capital Share capital
As of December 31,
20252024
Ordinary shares, $0.002 par value (Note ii)
$29 $29 
i.Share Consolidation
On October 6, 2025, the Company effected a 1-for-20 share consolidation. As a result, each twenty ordinary shares issued and outstanding immediately prior to the effective time were automatically combined into one ordinary share. The authorized share capital was adjusted accordingly. No fractional shares were issued in connection with the share consolidation; fractional entitlements were rounded in accordance with the Company’s governing documents. Following the share consolidation, the Company had 14,773,488 ordinary shares outstanding as of December 31, 2025.
ii.Ordinary shares
Unit: in Thousands of Shares
As of December 31,
20252024
Ordinary shares
Number of shares authorized22,500 22,500 
Number of shares issued and fully paid14,773 14,767 
The movements of the number of ordinary shares issued and fully paid were as follows:
Unit: in Thousands of Shares
For the Year Ended December 31,
202520242023
Number of shares as of January 114,767 12,286 12,210 
Issuance of ordinary shares in relation to the Merger or Subscription Agreements— 2,470 — 
Issuance of restricted shares — 4 — 
Reacquisition of restricted shares due to forfeiture(14)(30)(13)
Issuance of ordinary shares in relation to vesting of restricted stock units20 37 89 
Number of shares as of December 3114,773 14,767 12,286 
Schedule of Capital Surplus Reserves
As of December 31,
20252024
Capital surplus - Issuance of ordinary shares$649,441 $649,440 
Capital surplus - Share-based compensation, net84,789 82,479 
Capital surplus - Changes in percentage of ownership in associates3,307 2,541 
 Accumulated deficits(628,701)(548,732)
Exchange Difference on Translation(625)(9,217)
$108,211 $176,511