Schedule of Bridge Loan - Liability Component

The movements of the liability component and derivative component from the embedded redemption option of the bridge loan are as follows:

	2022
	US$

As at January 1		12,274,215
Drawdown during the year		6,756,665
Finance costs		4,074,175
Repaid during the year		(7,374,346	)
Settled during the year		(15,730,709	)

As at December 31		-

Schedule of Loan Notes – Liability Component

The movements of financial liability and derivatives of the loan notes and derivatives issued during the year are as follows:

	2023			2022
	US$			US$
As at January 1		8,745,192			-
Issued during the year		5,000,000			7,959,134
Finance costs		18,975,635			786,058
Repayment during the year		(32,720,827	)		-
As at December 31		-			8,745,192

Schedule of Binomial Option Pricing Model to Determine the Fair Value of the Option for Additional Subscription

The following table lists the inputs to the model used for the year ended December 31, 2022 and upon exercise:

			2022
Risk-free rate (%)			4.06 – 4.33
Volatility (%)			61 – 62
Dividend yield (%)			-

The Group considered there was no material impact on the fair value of the derivative components of the loan note resulting from a percentage change in the volatility as of December 31, 2022.

Risk-free rate (%)			4.76
Volatility (%)			63
Dividend yield (%)			-