​

  ​ ​ ​

As of January 1,

  ​ ​ ​

As of December 31,

​

​

2024

​

2024

​

2025

Non—current asset

​

​

​

​

​

​

Unlisted equity investment

—

—

1,000

Fund investment

—

—

189

​

—

—

1,189

Current assets

​

​

​

​

​

​

Fund investments

257

264

21,816

Hong Kong listed equity securities

—

—

268

​

257

264

22,084

​

​

​

​

​

​

​

Total

257

264

23,273

​

​

As of December 31,

​

  ​ ​ ​

2024

  ​ ​ ​

2025

Balance at the beginning of year

257

264

Business combination – merger transaction (Note 5.1)

​

—

​

6,513

Additions during the year

​

—

​

18,528

Disposals during the year

​

—

​

(2,566)

Fair value changes (Note 26)

7

534

Balance at the end of year

264

23,273