Summary of accounting policies (Tables)

12 Months Ended

Dec. 31, 2025

Summary of accounting policies

Schedule of new and revised IFRSs that have been issued but are not yet effective


New Standards, interpretations and amendments				Effective date
Amendments to IFRS 9 and IFRS 7		Amendments to the Classification and Measurement of Financial Instruments		January 1, 2026
Amendments to IFRS 9 and IFRS 7		Contracts Referencing Nature-dependent Electricity		January 1, 2026
Annual Improvements to IFRS Accounting Standards – Volume 11		Amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7		January 1, 2026
IFRS 18		Presentation and Disclosure in Financial Statements		January 1, 2027
IFRS 19 and its amendments		Subsidiaries without Public Accountability: Disclosures		January 1, 2027
Amendments to IAS 21		Translation to a Hyperinflationary Presentation Currency		January 1, 2027
Amendments to IFRS 10 and IAS 28		Sale or Contribution of Assets between an Investor and its Associate or Joint Venture		To be determined

Schedule of estimated useful lives of Property and equipment


Categories		Estimated useful lives
Bikes and e‑bikes and related batteries		2‑4 years
Computers and equipment		2‑5 years
Vehicles		3-5 years
Leasehold improvement		Lesser of estimated useful life or remaining lease terms
Others		5‑40 years

Schedule of estimated useful lives of intangible assets


Categories		Estimated useful lives
Non‑compete agreements		6‑7 years
Trademarks, patents and others		3-10 years
Driver lists		5 years
Customer lists		5 years
Software		3-5 years
Licenses*		Indefinite live

*

Licenses mainly include a third-party payment license issued by the People’s Republic of China government authorities that enable the Group to operate third-party payment business. The Group is required to apply for the renewal of the third-party payment license issued by the People’s Republic of China government authorities each five years and the Group considered that, based on regulatory precedent, there were no practical difficulties in the renewal process according to the industry practice, thus providing the basis for the indefinite life assumption. The acquired licenses that have an indefinite life are carried at historical cost less any subsequent impairment loss.