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Share-Based Payments
 6 Months Ended
Jun. 30, 2024
Share-Based Payments [Abstract]  
SHARE-BASED PAYMENTS
16SHARE-BASED PAYMENTS

 

At June 30, 2024, the employee share scheme reserve balance is USD 89,494 (at December 31, 2023: USD 415,573).

 

The movement of share-based payment reserves during the year is as follows:

 

   Amount 
   USD 
     
As at January 1, 2023   1,512,490 
Share options exercised during the year   (919,916)
Reversal of prior provisions   (536,366)
Share-based payments expense during the year   359,365 
At December 31, 2023   415,573 
      
Share options exercised during the period   (183,112)
Reversal of prior provisions   (142,967)
As at June 30, 2024   89,494 

 

Share options outstanding are the follows:

 

   (Unaudited)   (Audited) 
   June 30,
2024		   December 31,
2023		 
   Shares options   Shares options 
         
Opening balance as of January 1,   732,513    1,070,999 
Granted during the year   
-
    217,001 
Exercised during the year   (169,548)   (555,487)
Ending shares option   562,965    732,513 

 

The options are fair valued using Monte Carlo simulation. The following assumptions are used in calculating the fair values of the options:

 

   (Unaudited)   (Audited) 
   June 30,
2024		   December 31,
2023		 
         
Expected weighted average volatility (%)   93%   130%
Probability of no default   92%   92%
Risk-free interest rate   4.38%   4.38%