
		As of
		January 1,		As of December 31,
		2024		2024		2025
Trade receivables, gross		14		12		7,345
Less: allowance for credit losses (Note 3.1(b)(ii))		—		—		(1,855)
Trade receivables, net		14		12		5,490

Rebate receivables		—		—		436
Deposits		148		196		1,121
Loans receivables (Note)		—		—		3,858
Interest receivables		—		11		127
Others		—		—		166
Sub-total		162		219		11,198

Prepaid media costs		—		—		4,363
Prepayments		40		137		1,458
VAT recoverable		—		—		101
Total trade and other receivables		202		356		17,120

Less: non-current rental deposits		—		—		(495)
		202		356		16,625

Loan balances of (i) US$1.8 million and (ii) US$2 million were provided to two independent third parties for investment purposes.

(i)Balance is unsecured, interest bearing at 3.5% per annum and has been fully settled in February 2026.

(ii)Balance is unsecured, interest bearing at 10% per annum and has been fully settled in March 2026.

Trade receivables are non-interest bearing and are generally on 30-90 days (2024: 30 days) credit terms.


		As of
		January 1,		As of December 31,
		2024		2024		2025
US$		14		33		3,174
HK$		—		42		4,095
RMB		—		—		3,444
SGD		148		144		261
Great British Pound (“GBP”)		—		—		160
Others		—		—		64
		162		219		11,198

The carrying amounts of trade and other receivables approximate their fair values. The maximum exposure to credit risk is the carrying amounts of trade and other receivables as the Group does not hold any collateral as security.