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Notes to the Consolidated Statements of Cash Flows

12 Months Ended

Dec. 31, 2024

Notes to the Consolidated Statements of Cash Flows [Abstract]

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS

25.

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS

(a)

Major non-cash transactions

During the year ended December 31, 2022, 2023 and 2024, the Group had non-cash additions to right-of-use assets of nil, nil and $687, respectively, in respect of lease arrangements for offices.

(b)

Changes in liabilities arising from financing activities

				Interest-bearing
	Financial instrument			bank borrowings
	measured at			and interest			Lease
	FVTPL			payables			liabilities			Total
	$’000			$’000			$’000			$’000
At January 1, 2022		297,563			10,468			2,888			310,919
Interest expense		—			295			133			433
Transaction costs for the issuance of convertible redeemable preferred shares		—			—			—			—
Additions		—			7,897			463			8,360
Disposal		—			—			—			—
Payment
– financing cash flows		—			(13,316	)		(936	)		(14,252	)
– operating cash flows		—			—			—			—
Interest paid		—			(290	)		(134	)		(424	)
Change in fair value		(7,195	)		—			—			(7,195	)
Exchange adjustment		—			(741	)		(177	)		(917	)
At December 31, 2022		290,368			4,313			2,237			296,918
Interest expense		—			708			83			791
Transaction costs for the issuance of convertible redeemable preferred shares		—			—			—			—
Additions		—			50,234			—			50,234
Conversion of convertible redeemable preferred shares		(329,539	)		—			—			(329,539	)
Payment
– financing cash flows		—			(24,069	)		(1,020	)		(25,089	)
– operating cash flows		—			—			—			—
Interest paid		—			(602	)		(83	)		(685	)
Change in fair value		39,171			—			—			39,171
Exchange adjustment		—			(115	)		(26	)		(141	)
At December 31, 2023		—			30,469			1,191			31,660
Interest expense		—			1,894			50			1,944
Additions		—			44,702			687			45,389
Payment		—			—			—			—
– financing cash flows		—			(48,542	)		(1,020	)		(49,562	)
– operating cash flows		—			—			—			—
Interest paid		—			(1,871	)		—			(1,871	)
Change in fair value		—			—			—			—
Exchange adjustment		—			(187	)		(12	)		(199	)
At December 31, 2024		—			26,465			896			27,361

(c)

Investment activities

	Dual currency						Wealth
	structured			investments at			management			Investment in
	deposit			amortized cost			product			Associate			Total
	$’000			$’000			$’000			$’000			$’000
Year ended December 31, 2022
purchase		(14,900	)		—			(44,080	)		—			(58,980	)
disposal		22,439			—			65,618			—			88,057
interest received		19			—			531			—			550

Year ended December 31, 2023
purchase		—			(31,849	)		(7	)		—			(31,856	)
disposal		—			—			21,039			—			21,039
interest received		—			—			62			—			62

Year ended December 31, 2024
purchase		—			(60,546	)		—			(4,212	)		(64,758	)
disposal		—			92,259			—			—			92,259
interest received		—			701			—			—			701