v3.26.3
Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2025
Postemployment Benefits [Abstract]  
Schedule of Employee Benefits

The benefit obligations associated with the Company’s defined benefit plans are measured as of December 31, 2024 and 2025:

 

   2024   2025 
   For the years ended December 31, 
   2024   2025 
Change in benefit obligation  US$   US$ 
Benefit obligation at beginning of the year   -    - 
Acquired in business combinations (1)     -       61,044  
Service cost and interest cost   -    9,960 
Foreign exchange rate changes   -    86 
Benefit obligation at end of the year   -    71,090 

 

(1)Represents the benefit obligation assumed in connection with the acquisitions of TEX and H2N. Refer to Note 3 - Acquisitions for further information about the Group’s acquisition related transactions.

 

   2024   2025 
   As of December 31, 
   2024   2025 
Amounts recorded in the consolidated balance sheet consist of:  US$   US$ 
Defined benefit plan obligations   -    71,090 
Total recorded   -    71,090 

 

   2024   2025 
   For the years ended December 31, 
   2024   2025 
Amounts recorded in the consolidated statements of loss consist of:  US$   US$ 
Service cost and interest cost   -    9,960
Total recorded   -    9,960 
Schedule of Weighted Average Benefit Obligation

The weighted average duration of the defined benefit obligation is 30 years as of December 31, 2025. Actuarial assumptions (expressed as weighted averages) are as follows:

 

          
   For the years ended December 31, 
   2024   2025 
   US$   US$ 
Discount rate   N/A   3.2%
Future salary increases   N/A   3.5%
Expected investment return on offsetable MPF accrued benefits   N/A   4.7%