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Non-current financial assets at fair value through other comprehensive income
 12 Months Ended
Dec. 31, 2024
Non-current Financial Assets At Fair Value Through Other Comprehensive Income  
Non-current financial assets at fair value through other comprehensive income

 

9.Non-current financial assets at fair value through other comprehensive income

 

   As of   As of 
   December 31, 2024   December 31, 2023 
Dongguan YMA  $985,259   $983,121 
Dongguan Forwell   804,545    808,141 
Cycle Services Loire   -    - 
Non-current financial assets  $1,789,804   $1,791,262 

 

   2024   2023 
Unrealized (losses) or gains from financial assets measured at fair value through other comprehensive income    $(1,458)  $833,587 

 

  a) The Company holds 19.5% interest of equity security in YMA DG and Forwell, both of which are manufacturers of bicycles parts in PRC, and in which the Company does not have a controlling interest or significant influence. The investment is recorded at fair value.
     
  b) The Group invests in 19.5% of the equity interest in Cycles Services Loire, a bicycle assembly house in France engaging in the assembly and trading of bicycles, bicycle accessories and other leisure products. As of December 31, 2023, the Group has recognized full impairment loss according to the operating strategy.