Lease Liabilities

12 Months Ended

Dec. 31, 2025

16	LEASE LIABILITIES

The Company has lease contracts for office premises and motor vehicles. The Company’s obligations under these leases are secured by the lessor’s title to the leased assets. The Company is restricted from assigning and subleasing the leased assets.

The Company also has certain leases with lease terms of 12 months or less. The Company applies ’short-term lease’ recognition exemptions for these leases.

Carrying amount of lease liabilities is as follows:

	December 31, 2024			December 31, 2025
	US$			US$
At beginning of the year		280,811			119,984
Additions		-			1,159,035
Disposal of controlling interest in subsidiaries		-			(120,240	)
Finance cost		6,803			32,750
Payment		(167,630	)		(458,737	)
Currency alignment		-			13,820
At end of the year		119,984			746,612

Lease liabilities:
- Not later than one year		82,431			399,858
- More than one year to five years		37,553			346,754
		119,984			746,612

Details of the carrying amounts of right-of-use assets recognized and the movements during the financial year are disclosed in Note 7 to the financial statements.

The lease liabilities at the end of the reporting period bear weighted average incremental borrowing rate of 4.31% (2024: 4.31%) per annum.

Amount recognized in profit or loss as is follows:

	December 31, 2024		December 31, 2025
	US$		US$
Depreciation of right-of-use asset		148,644		405,866
Interest expense on lease liabilities		6,803		32,750
Lease expense not capitalised in lease liabilities:
- Expense relating to short-term leases		100,530		112,726
Total amount recognised in profit or loss		255,977		551,342