Trade and Other Receivables (Tables)

6 Months Ended

Jun. 30, 2026

Trade and Other Receivables [Abstract]

	June 30, 2026			December 31, 2025
	US$			US$
Trade receivables
- Third parties		11,177,028			9,494,364
- Related parties		-			-
		11,177,028			9,494,364
Less: Provision for allowance for expected credit losses - trade receivables		(5,428,330	)		(4,548,696	)
		5,748,698			4,945,668

Other receivables		20,278,581			21,420,605
Less: Provision for allowance for expected credit losses - other receivables		(2,311,190	)		(2,573,502	)
		17,967,391			18,847,103

Deposits		3,198,324			281,671
Prepayments		9,682,884			5,438,233
		30,848,599			24,567,007
Total trade and other receivables		36,597,297			29,512,675

Movement in provision for allowance for expected credit losses on trade receivables is as follows:

At beginning of the year		4,548,696			469,101
Additions		1,840,510			5,155,117
Write off / Reversal		(960,876	)		(60,807	)
Disposal of subsidiaries		-			(637,425	)
Currency realignment		-			(377,290	)
At end of the year		5,428,330			4,548,696

Movement in provision for allowance for expected credit losses on other receivables is as follows:

At beginning of the year		2,573,502			366,408
Additions		202,345			2,866,997
Write off / Reversal		(464,657	)		(265,921	)
Disposal of subsidiaries		-			(317,633	)
Currency realignment		-			(76,349	)
At end of the year		2,311,190			2,573,502

The average credit period for services rendered is 30 days (2025: 30 days). No interest is charged on the outstanding balances.

	June 30, 2026			December 31, 2025
	US$			US$
Not past due		2,011,021			1,161,427
Past due ⁽ⁱ⁾		9,166,007			8,332,937
Less: Provision for allowance for expected credit losses		(5,428,330	)		(4,548,696	)
		5,748,698			4,945,668

A majority of the Company’s trade receivables that are neither past due nor impaired are with creditworthy counterparties with good track record of credit history.

(i) Aging of receivables that are past due the average credit period: