v3.26.1
Share Capital (Tables)
 12 Months Ended
Dec. 31, 2025
Share Capital [Abstract]  
Schedule of Movements of Share Capital

Movements of share capital of the Company:

 

   Number of shares 
   Class A
Ordinary
Shares		   Class B
Ordinary
Shares		   Preference
Shares		   Total 
At January 1, 2024   25,280,667    13,254,838    3,466,820    42,002,325 
                     
Conversion of Preference Shares to Class A Ordinary Shares   1,059,245    
-
    (1,059,245)   
-
 
Exercise of share options   1,593,333    
-
    
-
    1,593,333 
Issuance of share for settlement of long-term employee benefit   30,167    
-
    
-
    30,167 
At December 31, 2024 and January 1, 2025   27,963,412    13,254,838    2,407,575    43,625,825 
                     
Exercise of share options   339,572    
-
    
-
    339,572 
Issuance of share for settlement upon vesting of restricted share units   1,918,785    
-
    
-
    1,918,785 
At December 31, 2025   30,221,769    13,254,838    2,407,575    45,884,182 

 

   Number of shares 
   Class A
Ordinary
Shares		   Class B
Ordinary
Shares		   Old Class A
Ordinary
Shares		   Old Class B
Ordinary
Shares		   Class C
Ordinary
Shares		   Preference
Shares		   Total 
At January 1, 2023   
-
    
-
    815,700    632,529    
-
    4,758,252    6,206,481 
Scrip dividend for Preference Shares (note (a))   
-
    
-
    
-
    
-
    
-
    142,032    142,032 
Conversion of Preference Shares to Old Class A Ordinary Shares   
-
    
-
    449,865    
-
    
-
    (449,865)   
-
 
Shares issued pursuant to share-based payment arrangement   
-
    
-
    8,726    
-
    
-
    
-
    8,726 
Shares issued upon exercise of Class C warrants   
-
    
-
    
-
    
-
    8,349,958    -    8,349,958 
Repurchase and cancellation of Old Class A Ordinary Shares   
-
    
-
    (2,304)   
-
    
-
    
-
    (2,304)
Capital Reorganization - Share Exchange (note (b))   10,254,474    
-
    (1,271,987)   (632,529)   (8,349,958)   
-
    
-
 
Capital Reorganization - Shares issued to acquire net assets of Bridgetown (note 25)   10,092,134    14,874,838    
-
    
-
    
-
    
-
    24,966,972 
Shares issued upon the exercise of call option for loan notes (note (c))   2,005,460    
-
    
-
    
-
    
-
    
-
    2,005,460 
Share issued for settlement of expenses (note (d))   325,000    
-
    
-
    
-
    
-
    
-
    325,000 
Conversion of Class B Ordinary shares to Class A Ordinary Shares   1,620,000    (1,620,000)   
-
    
-
    
-
    
-
    
-
 
Conversion of Preference Shares to Class A Ordinary Shares   983,599    
-
    
-
    
-
    
-
    (983,599)   
-
 
At December 31, 2023   25,280,667    13,254,838    
-
    
-
    
-
    3,466,820    42,002,325 
(a)Prior to the Capital Reorganization, the Company declared scrip dividends to holders of the Preference Shares and issued an aggregate of 142,032 Preference Shares. No other dividends were declared to holders of any shares of the Company during the years ended December 31, 2025, 2024 and 2023.

 

(b)As described in note 1, upon closing of the Capital Reorganization, 10,254,474 Class A ordinary shares and 4,450,419 Preference Shares of the Company were exchanged for 33,379,256 ordinary shares of CGCL and 14,486,506 preference shares of CGCL at an exchange ratio of 0.307212.

 

(c)During the year ended December 31, 2023, the Company executed a deed poll constituting up to US$5,000,000 of fixed rate unsecured loan notes, bearing a paid in kind (“PIK”) interest rate of 25% per annum (together with any PIK notes, the “Call Option Notes”) subscribed by a company controlled by a shareholder with significant influence over the Company (the “Option Holder”). Immediately after the closing of the Capital Reorganization, the Option Holder elected to exercise its call option for subscription of additional loan notes (see note 19) in full pursuant to the call option agreement by and between the Company and the Option Holder, as a result of which it received 2,005,460 Class A Ordinary Shares of the Company for no consideration and subscribed for US$5,000,000 of Call Option Notes in an aggregate principal amount of US$5,000,000. The Company has fully settled the Call Option Notes together with any accrued interest in October, 2023.

 

(d)The Company issued 325,000 Class A Ordinary Shares for settlement of professional services rendered by a third party to the Group in lieu of the cash settlement option of US$500,000 during the year ended December 31, 2023 (note 24).
Schedule of Share Capital of the Company

Details of share capital of the Company:

 

   2025   2024 
   US$   US$ 
Authorized:        
440,000,000 Class A Ordinary Shares   44,000    44,000 
50,000,000 Class B Ordinary Shares   5,000    5,000 
10,000,000 Preference Shares   1,000    1,000 
    50,000    50,000 
Issued and fully paid:          
30,221,769 (2024: 27,963,412) Class A Ordinary Shares   3,022    2,797 
13,254,838 (2024: 13,254,838) Class B Ordinary Shares   1,325    1,325 
2,407,575 (2024: 2,407,575) Preference Shares   241    241 
    4,588    4,363