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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
SHARE-BASED COMPENSATION  
Schedule of Stock Option Activity

    

    

Weighted

    

Weighted

    

Weighted

Average

Average

Average

Aggregate

Number of

Exercise

Remaining

Grant Date

Intrinsic

    

Options

    

Price

    

Contract Life

    

Fair Value

    

Value

Options outstanding on January 1, 2024

 

95,567

0.59

1.08

0.59

452

Granted

 

Forfeited

 

Expired

 

Exercised

 

95,000

0.59

0.58

478

Options outstanding on December 31, 2024

 

567

0.59

0.08

0.55

3

Options exercisable on December 31, 2024

 

567

0.59

0.08

0.55

3

Schedule of Nonvested Restricted Stock Units Activity

    

    

Weighted

Average

Number of

 

Grant Date

RSUs

 

Fair Value

Non-vested RSUs on January 1, 2024

 

10,666,902

14.13

Granted

 

Vested

 

(6,095,850)

14.14

Forfeited

 

Non-vested RSUs on December 31, 2024

 

4,571,052

14.14

Schedule of Assumptions Used

    

Year Ended December 31, 2022

 

Expected term (months)

 

24, 36, and 48 months from the date of grant

Expected dividends

 

0.96

%

Expected volatility

 

51.86%-54.00

%

Risk-free interest rate

 

1.76%-2.18

%

Fair value of common stock

 

$

8.15

Weighted average exercise price

 

$

4.07

2022 Restricted Stock Incentive Plan  
SHARE-BASED COMPENSATION  
Schedule of Stock Option Activity

Weighted

Weighted

Weighted

 

Number of

Average

Average

Average

Aggregate

2022 PRC 

Exercise

Remaining

Grant Date

Intrinsic

    

stock options

    

Price

    

Contract Life

    

Fair Value

    

Value

2022 PRC stock options outstanding on January 1, 2024

 

11,946,000

4.18

1.59

3.94

564

Granted

 

Forfeited

 

(6,705,600)

4.18

3.94

Expired

 

(4,972,391)

4.07

3.94

Exercised

 

(268,009)

4.07

3.94

193

2022 PRC stock options outstanding on December 31, 2024

 

2022 PRC stock options exercisable on December 31, 2024