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Related Party Transactions | 12 Months Ended
--- | ---
Dec. 31, 2025
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS |
28. | RELATED PARTY TRANSACTIONS
| (A) | In addition to the transactions disclosed elsewhere in these consolidated financial statements, the Group had the following transactions with related parties during the years:
|  |  |  | For the year ended December 31, |
|  | Notes |  | 2025 |  |  | 2024 |  |  | 2023 |
|  |  |  | US$ |  |  | US$ |  |  | US$ |
Insurance commission received from immediate holding company and a fellow subsidiary |  | (i) |  |  | — |  |  |  | 41 |  |  |  | 48 |
Digital solutions and other services income from immediate holding company |  | (i) |  |  | 2,565 |  |  |  | 2,564 |  |  |  | 2,554 |
Advertising and marketing services from immediate holding company |  | (i) |  |  | 2,726 |  |  |  | 2,888 |  |  |  | 2,726 |
Administrative service fee paid to immediate holding company |  | (iii) |  |  | 4,618 |  |  |  | 4,615 |  |  |  | 4,597 |
Interest income from immediate holding company |  | (iv) |  |  | 31,638 |  |  |  | 16,828 |  |  |  | 10,489 |
Stock-borrowing charges to immediate holding company |  | (iii) |  |  | 737 |  |  |  | — |  |  |  | — |
Treasury shares repurchased from immediate holding company |  | 26 |  |  | — |  |  |  | — |  |  |  | 40,000 |
Acquisition of WME Assets from immediate holding company |  | (ii)(a) |  |  | — |  |  |  | — |  |  |  | 268,000 |
Disposal of financial assets at FVTPL to immediate holding company |  | (ii)(b) |  |  | — |  |  |  | — |  |  |  | 80,155 |
Deposits paid for the acquisitions on behalf of a fellow subsidiary |  |  |  |  | 82,609 |  |  |  | — |  |  |  | — |
Notes:
| (i) | The terms of these services were comparable to the fee and conditions offered to the customers of the Group.
| (ii) | a. In 2023, the Group acquired 100% interest in WME Assets from the immediate holding company at a consideration of US$268,000.
| b. | In 2023, the Group disposed financial assets at FVTPL to the immediate holding company at a consideration of US$80,155.
| (iii) | The staff costs and premises cost was recharged by the immediate holding company based on actual usage. Starting from July 2022, the immediate holding company charged a fixed service fee of HK$9 million per quarter for other administrative expenses.
| (iv) | The transaction represented the interest income charged at 2% per annum on the outstanding amount due from the immediate holding company which was payable on demand.
| (B) | In addition to balances disclosed elsewhere in these consolidated financial statements, the Group had the following outstanding balances with related parties:
| (i) | Treasury functions of the Group are conducted centrally under AMTD Group and inter-company fund transfers were carried out among the entities within AMTD Group. The treasury function manages available funds at AMTD Group level and allocates the funds to various entities within AMTD Group for their operations. On July 15, 2022, the Group and its subsidiary entered into an intercompany financing agreement with its immediate holding company. Under such agreement, any intercompany receivables and payables balances with the immediate holding company and the fellow subsidiaries shall be settled on a net basis with the immediate holding company. As of December 31, 2024 and 2025, the gross carrying amounts on amount due from immediate holding company were US$1,400,612 and US$1,346,526, respectively, which bears interest at 2% per annum and are unsecured and repayable on demand. The allowance of impairment loss provided under ECL model as of December 31, 2024 and 2025 were US$4,988. The Group did not have any outstanding balances with its fellow subsidiaries.
| (ii) | As of December 31, 2023, the amount due to a non-controlling shareholder comprised of (i) interest bearing balance of US$7,643 at a variable rate of 2 times of HIBOR plus 1.15% per annum, (ii) interest bearing balance of US$25,479 at a variable rate of HIBOR plus 1.15% per annum and (iii) non-interest bearing balance of US$22,681. The amount due to a non-controlling shareholder was unsecured.
As of December 31, 2024 and 2025, the amount due to non-controlling shareholders are unsecured and non-interest bearing. During the year ended December 31, 2024, interest bearing balances were settled through the current account of ultimate holding company and the non-controlling shareholder.
| (C) | Compensation of key management personnel of the Group:
|  | For the year ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | US$ |  |  | US$ |  |  | US$ |
Total remuneration |  |  | 558 |  |  |  | 898 |  |  |  | 1,465 |

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include 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/2003/role/disclosureRef -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/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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