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Financial Liabilities at FVTPL (Tables)
 12 Months Ended
Dec. 31, 2024
Financial Liabilities at FVTPL [Abstract]  
Schedule of Movements of the Group’s Financial Liabilities at FVTPL

The movements of the Group’s financial liabilities at FVTPL are set out as follows:

 

   Series B   Series C   Series D     
   Preferred   Preferred   Preferred     
   Shares   Shares   Shares   Total 
   $’000   $’000   $’000   $’000 
                 
At January 1, 2023   90,384    97,132    102,852    290,368 
Change in fair value   13,943    15,207    10,021    39,171 
Conversion into ordinary shares upon IPO   (104,327)   (112,339)   (112,873)   (329,539)
At December 31, 2023   
—
    
—
    
—
    
—
 
Change in fair value   
—
    
—
    
—
    
—
 
Conversion into ordinary shares upon IPO   
—
    
—
    
—
    
—
 
At December 31, 2024   
—
    
—
    
—
    
—
 
Schedule of Significant Unobservable Inputs to the Valuation of Financial Instruments

Set out below is a summary of significant unobservable inputs to the valuation of financial instruments together with a quantitative sensitivity analysis as of December 31, 2022:

 

   As of
December 31,		 
   2022 
Fair value of ordinary shares of the Company  $6.15 
Risk-free interest rate (Note i)   4.68%
Expected term   0.44 years 
Volatility (Note ii)   52.86%