Disposal of Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2025

The assets and liabilities of Credilab Group at the date of disposal were as follows:

	December 31, 2025
	US$

Cash and cash equivalents		10,922
Trade and other receivables		36,302,893
Amount due from related parties		33,749,553
Property, plant and equipment		3,488
Other investment		16,915,265
Other assets		27,104
		87,009,225

Trade and other payables		29,775,253
Provision for taxation		271,040
		30,046,293

Net identifiable assets disposed of		56,962,932

The assets and liabilities of VCCG Group at the date of disposal were as follows:

	December 15, 2025
	US$

Other investments		2,459,434
Cash and cash equivalents		114,927
Trade and other receivables		11,830,285
Amount due from related parties		1,743,409
Property, plant and equipment		3,252
		16,151,307

Trade and other payables		743,500
Amount due to related parties		2,807,821
Deferred revenue		116,005
		3,667,326

Net identifiable assets disposed of		12,483,981

None of the disposals were individually material to the Group’s financial position or results of operations.

	December 31, 2025
	US$

Cash and cash equivalents		104,010
Trade and other receivables		1,080,000
Amount due from related parties		12,757
Amount due from director		558,887
Property, plant and equipment		317,332
Right of Use Assets		54,315
Other Investment		123,200
Other Assets		103,145
		2,353,646

Trade and other payables		1,428,808
Borrowings		43,430
Lease liabilities		43,169
Amount due to related parties		3,373,276
		4,888,683

Net identifiable assets disposed of		(2,535,037	)

The retained interest is subsequently accounted for as an investment in an associate using the equity method in accordance with IAS 28.

	December 31, 2025
	US$

Cash and cash equivalents		5,695
Trade and other receivables		71,780
Amount due from related parties		17,564,667
Property, plant and equipment		51,685
Right of Use Assets		76,797
Intangible Assets		7,240,408
		25,011,032

Trade and other payables		846
Lease liabilities		77,071
Amount due to related parties		673,324
		751,241

Net identifiable assets disposed of		24,259,791

The loss on disposal is calculated as below:

	December 31, 2025
	US$

Consideration		43,740,025
Less: Net assets disposed		(56,962,932	)
Add: Foreign currency translation reserve recycled		2,987,094
		(10,235,813	)

The gain on disposal is calculated as below:

	December 15, 2025
	US$

Consideration		33,975,000
Less: Net assets disposed		(12,483,981	)
Less: Foreign currency translation reserve recycled		(41,827	)
Less: Fair value reserve recycled		(409,000	)
		21,040,192

The loss on disposal is calculated as below:

	December 31, 2025
	US$

Consideration		321,092
Less: Net assets disposed		2,535,037
Less: Foreign currency translation reserve recycled		(6,190	)
		2,849,938

The loss on disposal is calculated as below:

	December 31, 2025
	US$

Consideration		28
Less: Net assets disposed		(24,259,791	)
Less: Foreign currency translation reserve recycled		(8,455	)
Add: Non-controlling interests derecognised		1
		(24,268,217	)