v3.26.3
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Compensation Expenses Recognized for Share-based Compensation Granted

Compensation expenses recognized for share-based compensation granted by the Company were as follows:

 

 

For the six months ended June 30,

 

 

2025

 

 

2026

 

 

US$

 

 

US$

 

Cost of revenues

 

 

15,689

 

 

 

(11,100

)

Selling and marketing expenses

 

 

179,907

 

 

 

21,165

 

Research and development expenses

 

 

223,152

 

 

 

76,570

 

General and administrative expenses

 

 

2,424,953

 

 

 

654,871

 

Total

 

 

2,843,701

 

 

 

741,506

 
2023 Share Incentive Plan II  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Restricted Shares Units Granted

The following table summarizes activities of the Company’s restricted shares units granted under the 2023 Plan II:

 

 

Number of
ADS
Outstanding (a)

 

 

Weighted
Average
Grant Date
Fair Value (Per ADS)
(a)

 

 

 

 

 

US$

 

Unvested as of December 31, 2025

 

 

58,228

 

 

 

32.40

 

Vested

 

 

(12,281

)

 

 

40.80

 

Forfeited

 

 

(4,343

)

 

 

33.00

 

Unvested as of June 30, 2026

 

 

41,604

 

 

 

29.80

 
(a)
The number of restricted share units (expressed in ADSs) and the related weighted-average grant date fair value per ADS presented in the tables above have been retrospectively adjusted for all periods presented to reflect the change in the ADS ratio from one ADS representing 40 Class A ordinary shares to one ADS representing 800 Class A ordinary shares, which had the same effect as a one-for-twenty (20) reverse ADS split and became effective on August 21, 2026 (see Note 18).
2026 Share Incentive Plan  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Restricted Shares Units Granted

The following table summarizes activities of the Company’s restricted shares units granted under the 2026 Plan:

 

Number of
ADS
Outstanding (a)

 

 

Weighted
Average
Grant Date
Fair Value (Per ADS)
(a)

 

 

 

 

 

US$

 

Unvested as of December 31, 2025

 

—

 

 

—

 

Granted

 

 

22,808

 

 

 

21.00

 

Vested

 

 

(20,808

)

 

 

20.20

 

Unvested as of June 30, 2026

 

 

2,000

 

 

 

28.20

 

 

(a)
The number of restricted share units (expressed in ADSs) and the related weighted-average grant date fair value per ADS presented in the tables above have been retrospectively adjusted for all periods presented to reflect the change in the ADS ratio from one ADS representing 40 Class A ordinary shares to one ADS representing 800 Class A ordinary shares, which had the same effect as a one-for-twenty (20) reverse ADS split and became effective on August 21, 2026 (see Note 18).