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FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2023

FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS [Abstract]

Maturity Profile of the Group's Financial Liabilities Based on Contractual Undiscounted Payments

The following is the maturity profile of the Group’s financial liabilities based on contractual undiscounted payments:

	At December 31, 2023
In thousands of USD	Within 1 year or on- demand		More than 1 year but less than 2 years		More than 2 years but less than 5 years		More than 5 years		Total		Carrying amount at December 31
Trade payables		32,484		-		-		-		32,484		32,484
Other payables and accruals		32,151		-		-		-		32,151		32,151
Amount due to a related party		33		-		-		-		33		33
Borrowings		-		23,000		-		-		23,000		22,618
Lease liabilities		7,835		7,787		22,217		48,862		86,701		70,211
		72,503		30,787		22,217		48,862		174,369		157,497

	At December 31, 2022
In thousands of USD	Within 1 year or on- demand		More than 1 year but less than 2 years		More than 2 years but less than 5 years		More than 5 years		Total		Carrying amount at December 31
Trade payables		15,768		-		-		-		15,768		15,768
Other payables and accruals		22,176		-		-		-		22,176		22,176
Amount due to a related party		316		-		-		-		316		316
Borrowings		29,805		-		-		-		29,805		29,805
Lease liabilities		7,471		6,967		20,290		53,347		88,075		70,425
		75,536		6,967		20,290		53,347		156,140		138,490

Fair Value Measurement Hierarchy for the Group's Financial Instruments

The fair value measurement hierarchy for the Group’s financial instruments measured at fair value is as follows:

In thousands of USD	Valuation technique(s) and key input	December 31, 2023		Level 1		Level 2		Level 3
USDC	Quoted price		35		35		-		-
Investment A, B, D and E in unlisted equity instrument	Net asset value		23,375		-		-		23,375
Investment F in unlisted equity instrument	Recent transaction price		400		-		-		400
Investment C in unlisted equity instrument	Market calibration method		10,000		-		-		10,000
Investment G in unlisted debt instrument	Net asset value		1,000		-		-		1,000
Investment H in unlisted debt instrument	Recent transaction price		3,000		-		-		3,000

In thousands of USD	Valuation technique(s) and key input	December 31, 2022		Level 1		Level 2		Level 3
USDC	Quoted price		89		89		-		-
Investment A, B and D in unlisted equity instrument	Net asset value		18,348		-		-		18,348
Investment C and E in unlisted equity instrument	Recent transaction price		11,500		-		-		11,500
Investment G in unlisted debt instrument	Net asset value		31,111		-		-		31,111

Fair Value Measurement of Assets

For the years ended December 31, 2023, 2022 and 2021, there was no transfer between levels. Transfers between levels of the fair value hierarchy, if any, are deemed to occur at the end of each reporting period.

	Years ended December 31,
In thousands of USD	2023			2022			2021
Unlisted equity instruments and debt instruments at fair value through profit or loss measured using significant unobservable inputs:
At January 1,		60,959			1,250			-
Additions		4,400			61,550			1,250
Disposals		(31,111	)		(1,213	)		-
Net gain on disposal of financial assets at fair value through profit or loss		-			213			-
Net fair value changes recognized in profit or loss		3,527			(841	)		-
At December 31,		37,775			60,959			1,250