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Share Capital, Capital Reserve and Treasury Shares
 12 Months Ended
Dec. 31, 2025
Share Capital, Capital Reserve and Treasury Shares [Abstract]  
SHARE CAPITAL, CAPITAL RESERVE AND TREASURY SHARES
23.SHARE CAPITAL, CAPITAL RESERVE AND TREASURY SHARES

 

Each Class A ordinary share shall entitle the holder thereof to one vote on all matters subject to vote at general meetings of the Company, and each Class B ordinary share shall entitle the holder thereof to twenty votes on all matters subject to vote at general meetings of the Company. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Each Class A ordinary share is not convertible into Class B ordinary shares under any circumstances. Except for the voting rights and the conversion rights, the Class A ordinary shares and the Class B ordinary shares shall rank pari passu with one another and shall have the same rights, preferences, privileges and restrictions.

 

       Numbers of shares 
   Notes   Class A
ordinary
shares		   Class B
ordinary
shares		   Class B
treasury
shares		 
As of January 1, 2024       242,765,736    157,842,028    75,684,951 
Issued during the year  (i)    12,157,782    —    — 
                    
As of December 31, 2024       254,923,518    157,842,028    75,684,951 
Issued during the year  (ii)    17,177,087    139,517,423    — 
Cancellation of Treasury shares  (iii)    —    —    (70,911,681)
As of December 31, 2025       272,100,605    297,359,451    4,773,270 

 

Notes:

 

(i)During the year ended December 31, 2024, the Company issued 12,157,782 Class A shares at a consideration of US$20,000.

 

(ii)

During the year ended December 31, 2025, the Company issued 139,517,423 Class B shares at a consideration of US$20,000 for the acquisition of a property from an independent third party. Also, the Company issued 17,177,087 Class A shares in order to settle the consideration payable for an acquisition in previous year.

 

(iii) During the year ended December 31, 2025, the Company cancelled 70,911,681 Class B shares which were held by the Company.