| Summary of Disclosure of classes of share capital |
Changes in the Group's equity were as follows: | | | | | | | | | | | | | | | | Quantity | In US$ (thousands) | | Class A Shares | Class B Shares | Share
capital | Other contributed capital | Balance as of January 1, 2026 | 2,745,232,339 | | 29,892,575 | | (27,817) | | (4,133,458) | | | | | | | Equity issuance - February1 | 620,475,660 | | — | | (6,203) | | (379,106) | | Equity issuance - March1 | 465,356,730 | | — | | (4,654) | | (289,911) | | Equity-settled share-based payment | 1,661,490 | | — | | (17) | | (3,350) | | Debt-to-equity conversion - Snita Term Loan Facility2 | 600,429,000 | | — | | (6,004) | | (335,253) | | Debt-to-equity conversion - Geely Term Loan Facility2 | 465,356,760 | | — | | (4,654) | | (295,346) | | Cancellation of surplus shares3 | (679) | | (5) | | — | | — | | Balance as of June 30, 2026 | 4,898,511,300 | | 29,892,570 | | (49,349) | | (5,436,424) | | | | | | | Balance as of January 1, 2025 | 2,060,461,997 | | 49,892,575 | | (21,169) | | (3,625,027) | | Securities Purchase Agreement | — | | — | | — | | (200,000) | | Equity-settled share-based payment | 8,937,392 | | — | | (89) | | (5,406) | | Related party capital contribution | — | | — | | — | | (15,265) | | Balance as of June 30, 2025 | 2,069,399,389 | | 49,892,575 | | (21,258) | | (3,845,698) | |
1 - Refer to Equity issuances below for further information. 2 - Refer to Related party debt-to-equity conversions below for further information. 3 - Related to surplus ordinary shares resulting from the prior year ADS ratio change being transferred to the Company for no consideration and cancelled.
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