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Deferred Liabilities
6 Months Ended
Jun. 30, 2023
Deferred Liabilities [Abstract]  
DEFERRED LIABILITIES

18. DEFERRED LIABILITIES  

 

As of June 30, 2023 and December 31, 2022, the balance of deferred liabilities mainly represented an amount of $7.39 million that arose from the payment for the remaining 40% of the Purchase Price of the acquisition of Nice Talent Asset Management Limited (“Nice Talent”). 20% and 20% of the Purchase Price in two installments for 20% each shall be paid in shares of common stock of the Company upon the completion of the audited reports for Nice Talent for the years ended on December 31, 2021 and 2022, respectively. However, the 40% of the Purchase Price has not been paid in the shares of common stock of the Company as of the date of this report.