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Contract Liabilities
 12 Months Ended
Dec. 31, 2024
Contract Liabilities [Abstract]  
Contract liabilities
18.Contract liabilities

 

    Total 
     $’000 
As of January 1, 2023   
—
 
Customer prepayments   5,000 
Revenue recognized   
—
 
Effect of foreign exchange rate changes   
—
 
As of December 31, 2023   5,000 
Customer prepayments   
—
 
Revenue recognized   
—
 
Effect of foreign exchange rate changes   
—
 
As of December 31, 2024   5,000 

 

As of December 31, 2023 and 2024, US$5.0 million are recorded as non-current contract liabilities and current contract liabilities, respectively. Non-current contract liabilities will be recognized as revenue over the next one year as contractual milestones are achieved.