| SEGMENT INFORMATION |
CODM reviews financial information of operating segments based on internal management reports when making decisions about allocating resources and assessing the performance of the Group. As a result of the assessment made by CODM, the Group has three reportable segments, including auto eInsurance business, technology service, auto service business and others. The Group’s CODM evaluates performance based on the operating segment’s revenue and their operating results. The revenue and operating results by segments were as follows: | | | For the six months ended June 30, 2025 | | | | | Auto eInsurance service | | | Technology service | | | Auto
service | | | Others | | | Consolidated | | | Revenues from external customers | | $ | 97,833 | | | $ | 24,345 | | | $ | 100,131 | | | $ | - | | | $ | 222,309 | | | Operating cost and expenses | | | | | | | | | | | | | | | | | | | | | | Integrated service cost | | | - | | | | (12,582 | ) | | | (88,882 | ) | | | - | | | | (101,464 | ) | | Promotional service and selling expenses | | | (95,556 | ) | | | (6,559 | ) | | | (2,969 | ) | | | - | | | | (105,084 | ) | | General and administrative expenses | | | (2,376 | ) | | | (511 | ) | | | (10,325 | ) | | | (1,976 | ) | | | (15,188 | ) | | Research and development expenses | | | (328 | ) | | | (465 | ) | | | (973 | ) | | | - | | | | (1,766 | ) | | Total operating costs and expenses | | | (98,260 | ) | | | (20,117 | ) | | | (103,149 | ) | | | (1,976 | ) | | | (223,502 | ) | | Total other income/(expenses), net (1) | | | 57 | | | | (110 | ) | | | (939 | ) | | | (3,059 | ) | | | (4,051 | ) | | Segment (loss)/income before tax | | $ | (370 | ) | | $ | 4,118 | | | $ | (3,957 | ) | | $ | (5,035 | ) | | $ | (5,244 | ) | | | | For the six months ended June 30, 2026 | | | | | Auto
eInsurance
service | | | Technology
service | | | Auto
service | | | Others | | | Consolidated | | | Revenues from external customers | | $ | 126,159 | | | $ | 28,007 | | | $ | 122,344 | | | $ | - | | | $ | 276,510 | | | Operating cost and expenses | | | | | | | | | | | | | | | | | | | | | | Integrated service cost | | | - | | | | (24,763 | ) | | | (116,549 | ) | | | - | | | | (141,312 | ) | | Promotional service and selling expenses | | | (115,653 | ) | | | (8 | ) | | | (3,928 | ) | | | (27 | ) | | | (119,616 | ) | | General and administrative expenses | | | (2,371 | ) | | | (1,225 | ) | | | (2,152 | ) | | | (997 | ) | | | (6,745 | ) | | Research and development expenses | | | (470 | ) | | | (1,009 | ) | | | (1,058 | ) | | | - | | | | (2,537 | ) | | Total operating costs and expenses | | | (118,494 | ) | | | (27,005 | ) | | | (123,687 | ) | | | (1,024 | ) | | | (270,210 | ) | | Total other expenses, net(1) | | | (287 | ) | | | (209 | ) | | | (1,258 | ) | | | (226 | ) | | | (1,980 | ) | | Segment (loss)/income before tax | | $ | 7,378 | | | $ | 793 | | | $ | (2,601 | ) | | $ | (1,250 | ) | | $ | 4,320 | | | (1) | Included net of financial expenses, investment income and others. | The total assets by segments as of December 31, 2025 and as of June 30, 2026 were as follows: | | | As of
December 31, | | | As of
June 30, | | | | | 2025 | | | 2026 | | | | | (Audited) | | | (Unaudited) | | | Segment assets | | | | | | | | Auto eInsurance service | | $ | 62,550 | | | $ | 70,254 | | | Technology service | | | 35,906 | | | | 44,030 | | | Auto service | | | 151,165 | | | | 150,068 | | | Others | | | 3,575 | | | | 2,119 | | | Total segment assets | | $ | 253,196 | | | $ | 266,471 | |
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