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Related party Transactions and Balances | 12 Months Ended
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Dec. 31, 2025
Related Party Transactions [Abstract] |
Related party transactions and balances | 11. Related party transactions and balances The table below sets forth the major related parties and their relationships with the Company as of December 31, 2025, 2024 and 2023:
Name of related parties |  | Relationship with the Company
Jinjiang Xingminqi Accounting Vocational Training School (“Jinjiang School”) |  | A company controlled by the Company’s controlling shareholder
Quanzhou City Lichen Accounting Vocational Training School (“Quanzhou School”) |  | A company controlled by the Company’s controlling shareholder
Mr. Ya Li |  | Chief Executive Officer, Chairman of the Board
i) | Significant transactions with related parties were as follows:
|  | For the years ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Provision of marketing, operation and technical support services to Jinjiang School |  | $ | - |  |  | $ | - |  |  | $ | 48 |
Provision of marketing, operation and technical support services to Quanzhou School |  |  | - |  |  |  | - |  |  |  | 60 |
Processing of academic education applications to Jinjiang School |  |  | - |  |  |  | - |  |  |  | 101 |
Processing of academic education applications to Quanzhou School |  |  | - |  |  |  | - |  |  |  | 107 |
Sales of teaching and learning materials to Jinjiang School |  |  | - |  |  |  | - |  |  |  | 74 |
Sales of teaching and learning materials to Quanzhou School |  |  | - |  |  |  | - |  |  |  | 49 |
Online training to Jinjiang School |  |  | - |  |  |  | - |  |  |  | 28 |
Online training to Quanzhou School |  |  | - |  |  |  | - |  |  |  | 16 |
Total revenues – related parties |  | $ | - |  |  | $ | - |  |  | $ | 483 |
ii) | Significant balances with related parties were as follows:
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
|  | In thousands of USD |
Due to the related party |  |  |  |  |  |
Ya Li |  | $ | - |  |  | $ | 866 |
Total |  | $ | - |  |  | $ | 866 |
Balances due to Ya Li are the result of the normal business transactions stated above. The balances were all unsecured, non-interest bearing and payable on demand.

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