| LEASE LIABILITIES |
The Company has lease contracts for office premises. The Company’s obligations under these leases are secured by the lessor’s title to the leased assets. The Company is restricted from assigning and subleasing the leased assets. The Company also has certain leases with lease terms of 12 months or less. The Company applies the ’short-term lease’ recognition exemptions for these leases. Carrying amount of lease liabilities is as follows: | | | June 30,
2026 | | | December 31,
2025 | | | | | US$ | | | US$ | | | At beginning of the year | | | 746,612 | | | | 119,984 | | | Additions | | | 194,214 | | | | 1,159,035 | | | Disposal of controlling interest in subsidiaries | | | (132,226 | ) | | | (120,240 | ) | | Finance cost | | | 21,836 | | | | 32,750 | | | Payment | | | (252,641 | ) | | | (458,737 | ) | | Currency alignment | | | 1,219 | | | | 13,820 | | | At end of the year | | | 579,014 | | | | 746,612 | | | | | | | | | | | | | Lease liabilities: | | | | | | | | | | - Not later than one year | | | 357,399 | | | | 399,858 | | | - More than one year to five years | | | 221,615 | | | | 346,754 | | | | | | 579,014 | | | | 746,612 | | | | | June 30,
2026 | | | December 31,
2025 | | | | | US$ | | | US$ | | | Depreciation of right-of-use asset | | | 242,901 | | | | 405,866 | | | Interest expense on lease liabilities | | | 21,836 | | | | 32,750 | | | Lease expense not capitalised in lease liabilities: | | | | | | | | | | - Expense relating to short-term leases | | | 71,877 | | | | 112,726 | | | Total amount recognised in profit or loss | | | 336,614 | | | | 551,342 | |
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