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Long-Term Equity Investments | 12 Months Ended
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Dec. 31, 2024
Long-Term Equity Investments [Abstract] |
Long-term equity investments |
| 15. | Long-term equity investments
The following entity have been included in the consolidated financial statements using the equity method:
|  |  |  | Proportion of ownership |
|  |  |  | Interest held |
|  | Country of incorporation |  |  | As of December 31, |
Name |  | Principle place of business |  |  | 2024 |  |  |  | 2023 |
Hangzhou Tangchuang Weilai Technology Co., Ltd (“Hangzhou Tangchuang”) |  | the People’s Republic of China |  |  | 40 | % |  |  | 100 | %
In March 2024, Shareholder of Hangzhou Tangchuang agreed to increase the company’s registered capital from RMB 10,000 to RMB100,000, with an additional investment of RMB70,000 from Hangzhou Hongxi Business Management Co., Ltd and an additional investment of RMB20,000 from Adlai Hangzhou. After this capital increase, the Group accounting for 30% of the registered capital in Hangzhou Tangchuang. And Hangzhou Tangchuang would no longer be a subsidiary within the Group’s scope of consolidation. As of March 20, 2024, the Group had not made any capital injection to Hangzhou Tangchuang, and Hangzhou Tangchuang had not engaged in any substantive business activities. As of December 31, 2024, the Group had made a capital injection of RMB30,000 to Hangzhou Tangchuang, representing a 40% equity interest.
|  | 2023 |  |  | 2024 |
|  | $’000 |  |  | $’000 |
At the beginning of the year |  |  | — |  |  |  | — |
Addition |  |  | — |  |  |  | 4,212 |
Share of current year results |  |  | — |  |  |  | (4 | )
Dividends |  |  | — |  |  |  | — |
Exchange differences |  |  | — |  |  |  | (51 | )
At the end of the year |  |  | — |  |  |  | 4,157 |
| a) | Summarized financial information (material associate)
Hangzhou Tangchuang
|  | As of December 31, 2024 |
|  | $’000 |
Current assets |  |  | 10,376 |
Current liabilities |  |  | 17 |
Net Assets(100%) |  |  | 10,393 |
Company share of net assets(40%) |  |  | 4,157 |
|  | Period from March 20, 2024 to December 31, 2024 |
Loss from continuing activities |  |  | (10 | )
Comprehensive income |  |  | (10 | )

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- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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