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v3.25.1

Consolidated Statements of Operations and Comprehensive - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Profit or loss [abstract] |  |  |
REVENUE |  |  |
Other operating income, net | 1,940 | 890 | 259
General and administrative expense | (9,953) | (15,289) | (13,039)
Research and development expenses | (44,915) | (58,152) | (54,490)
Total operating loss | (52,928) | (72,551) | (67,270)
Other income and gains | 3,049 | 3,303 | 2,079
Other expenses | (42) | (80) | (1,395)
Investment income |  | 62 | 550
Share of profits of investments accounted for using the equity method | (4) |  |
Fair value gain on financial assets at fair value through profit or loss (“FVTPL”) |  |  | 484
Fair value (loss)/gain on financial liabilities at FVTPL |  | (39,171) | 7,195
Finance costs | (1,944) | (791) | (433)
LOSS BEFORE TAX | (51,869) | (109,228) | (58,790)
Income tax expense |  |  |
LOSS FOR THE YEAR | (51,869) | (109,228) | (58,790)
Attributable to: |  |  |
Ordinary Equity Holders of the Parent | (51,869) | (109,228) | (58,790)
Items that may be reclassified to profit or loss |  |  |
Exchange differences on translation of the financial statements of subsidiaries | (294) | (82) | (3,157)
Other comprehensive loss for the year, net of tax | (294) | (82) | (3,157)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR | (52,163) | (109,310) | (61,947)
Attributable to: |  |  |
Ordinary Equity Holders of the Parent | $ (52,163) | $ (109,310) | $ (61,947)
LOSS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT |  |  |
Basic loss for the year (in Dollars per share) | $ (0.54) | $ (2.52) | $ (2.31)
Diluted loss for the year (in Dollars per share) | $ (0.54) | $ (2.52) | $ (2.31)
Weighted average common shares outstanding, basic (in Shares) | 95,776,708 | 43,342,068 | 25,440,000
Weighted average common shares outstanding, diluted (in Shares) | 95,776,708 | 43,342,068 | 25,440,000

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