v3.26.1
Related Party Transactions
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related party transactions
15. Related party transactions

 

In addition to the related party information disclosed elsewhere in the consolidated financial statements, the Group entered into the following material related party transactions.

 

Name of party   Relationship
Mr. Zhao Jishuang   A major shareholder of the Company
Mr. Guo Yupeng   A major shareholder of the Company
Mr. Peng Siguang   A major shareholder of the Company
Met Chain Co., Limited   An associate company of the company

 

  (a) Major transactions with related parties

 

   For the years Ended December 31, 
   2023   2024   2025 
   USD’000   USD’000   USD’000 
             
Advances from related parties            
- Mr. Zhao Jishuang          -    431           - 
- Mr. Peng Siguang   -    10    - 
- Mr. Guo Yupeng   -    -    - 
Total   -    441    - 

 

   For the years Ended December 31, 
   2023   2024   2025 
   USD’000   USD’000   USD’000 
             
Repayment of  advances from related parties            
- Mr. Zhao Jishuang   2,455    2,383             - 
- Mr. Peng Siguang   -    10    - 
- Mr. Guo Yupeng   -    290    - 
- Met Chain Co., Limited   228    1,814    - 
Total   2,683    4,497    - 

 

   For the years Ended December 31, 
   2023   2024   2025 
   USD’000   USD’000   USD’000 
             
Advances to related parties            
- Mr. Guo Yupeng        -    12    170 
- Met Chain Co., Limited   -    188    43 
- Mr. Peng Siguang   -    -    225 
Total   -    200    438 
  (b) Balances with related parties

 

   As of
December 31,
   As of
December 31,
 
   2024   2025 
   USD’000   USD’000 
Amounts due from related parties        
Current        
- Mr. Guo Yupeng   12    182 
- Met Chain Co., Limited   188    231 
- Mr. Peng Siguang   
-
    225 
Total   200    638 

 

  (i) Advances from/to these related parties are unsecured, interest free and repayable on demand.