INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

INTANGIBLE ASSETS

Schedule of reconciliation of intangible assets


						Brand
						name
		Software		License		(Note)		Total
		USD’000		USD’000		USD’000		USD’000
COST
At January 1, 2024		169		486		1,600		2,255
Additions		7		—		—		7
Disposals		(10)		—		—		(10)
Exchange adjustments		1		(2)		—		(1)
At December 31, 2024		167		484		1,600		2,251
Additions		126		9		—		135
Disposals		(68)		(59)		—		(127)
Exchange adjustments		22		1		—		23
At December 31, 2025		247		435		1,600		2,282
ACCUMULATED DEPRECIATION
At January 1, 2024		87		166		—		253
Charge for the year		58		65		—		123
Exchange adjustments		—		(3)		—		(3)
At December 31, 2024		145		228		—		373
Charge for the year		79		28		—		107
Disposals		(68)		(59)		—		(127)
Exchange adjustments		18		—		—		18
At December 31, 2025		174		197		—		371
ACCUMULATED IMPAIRMENT
At January 1, 2024, December 31, 2024 and December 31, 2025		—		—		1,600		1,600
CARRYING AMOUNT
At December 31, 2024		22		256		—		278
At December 31, 2025		73		238		—		311

Note:

The brand name was founded in New York in 2016 and played a crucial role in the retention of customer and overall operation of HN&T. Being a Michelin awarded brand, HN&T had garnered wide range of positive reviews from the local media which the management of the Group expected the brand to bring in economic benefits and attract more local customers to generate net cash flows for the Group.