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RELATED PARTY BALANCES AND TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2025
RELATED PARTY BALANCES AND TRANSACTIONS |
Schedule of related party balances and transactions | ​
​ | ​ | ​
​ | ​ | ​
Name of Entity or Individual | ​ ​ ​ | Relationship with the Group
​ | ​ | ​
Mr. Leaf Hua Li and his spouse | ​ | Principal shareholder and member of his immediate families
Tencent Holdings Limited and its subsidiaries(“Tencent Group”) | ​ | Principal shareholder
Individual directors and officers and their spouses | ​ | Directors or officers of the Group and members of their immediate families
Airstar Bank (1) | ​ | Significantly influenced by the Group from May 24, 2024, and became a consolidated subsidiary of the Group as of September 16, 2025.
(1) | Airstar Bank is a wholly owned subsidiary of Gravitation. The Group has significant influence over Airstar Bank indirectly through its equity method investment in Gravitation, which became an associate of the Group on May 24, 2024. On September 16, 2025, the Group acquired additional equity interests in Gravitation and Airstar Bank, and upon the completion of the transaction, Gravitation and Airstar Bank became consolidated subsidiary of the Group.
(a) | Cash and cash equivalent
​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Cash and cash equivalent | ​ | 486,150 |  | —
​
(b) | Short-term investment
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Short-term investment | ​ ​ ​ | — | ​ ​ ​ | 53,859
​
(c) | Amounts Due from Related Parties
​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Deposit receivables | ​ | — | ​ | 6,753
Receivables in relation to ESOP management services | ​ | — | ​ | 27
Amount due from Airstar Bank | ​ | 61,200 | ​ | —
Total amounts due from related parties | ​ | 61,200 | ​ | 6,780
​
(d) | Amounts Due to Related Parties
​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Payables in relation to cloud equipment and services from Tencent Group | ​ | 62,377 |  | 63,803
Payables to Tencent Group in relation to ESOP management services | ​ | 15,001 | ​ | 1,546
Other services from Tencent Group | ​ | 1,712 |  | 1,794
Total amounts due to related parties | ​ | 79,090 |  | 67,143
​
(e) | Amount earned from Related Party Transactions
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Year ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ |  | (HK$ in thousands)
Technology services income from Airstar Bank |  | — |  | 61,000 |  | 63,300
Others |  | 565 |  | 320 |  | 108
Amounts earned by the Company |  | 565 |  | 61,320 |  | 63,408
(f) | Amount incurred from Related Party Transactions
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Year ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | (HK$ in thousands)
Cloud service fee | ​ | 152,429 |  | 170,291 |  | 206,020
SMS channel service fee | ​ | 135 | ​ | 49 | ​ | 131
Software purchased | ​ | 1,300 |  | 17 |  | 8
Other Services | ​ | 5,006 |  | 1,977 |  | 2,189
Amounts incurred by the Company | ​ | 158,870 | ​ | 172,334 | ​ | 208,348

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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