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SHARE CAPITAL (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
SHARE CAPITAL |
Schedule of information about classes of share capital | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | June 30, 2022 | ​ | December 31, 2021
​ |  | Number |  | US$ |  | Number |  | US$
​ | ​ | of shares | ​ | ‘000 | ​ | of shares | ​ | ‘000
Authorized: |  |  |  |  |  |  |  |
Ordinary shares of US$ 0.024 each |  | 50,000,000 |  | 1,200 |  | 50,000,000 |  | 1,200
​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022
​ |  | Number |  | RMB
​ | ​ | of shares | ​ | ‘000
Outstanding and fully paid: |  |  |  |
Ordinary shares of US$ 0.024 each |  |  |  |
At January 1, 2022 |  | 5,976,098 |  | 943
Issuance of new shares for equity financing |  | — |  | —
Warrants exercised |  | — |  | —
Issuance of new shares – share-based compensation to CEO and CFO |  | 132,231 |  | 21
At June 30, 2022 |  | 6,108,329 |  | 964
Schedule of fair value of other than equity instrument explanatory | ​
​ | ​ | ​ | ​ | ​
​ |  | ​ | February 17, | ​
Grant date (investors and placement agent, respectively) | ​ | ​ | 2021 | ​
Share price at date of grant (investors and placement agent, respectively) |  | US$ | 4.45 | ​
Exercise price at date of grant (investors and placement agent, respectively) |  | US$ | 3.57 & 4.46 | ​
Volatility |  | ​ | 107 | %
Warrant life |  | ​ | 5 years | ​
Dividend yield |  | ​ | 0 | %
Risk-free interest rate |  | ​ | 0.57 | %
Average fair value at grant date |  | US$ | 3.54 | ​
​
​ | ​ | ​ | ​ | ​
Grant date (investors and placement agent, respectively) |  | ​ | June 14, 2021 | ​
Share price at date of grant (investors and placement agent, respectively) |  | US$ | 3.15 | ​
Exercise price at date of grant (investors and placement agent, respectively) |  | US$ | 3.42 & 4.35 | ​
Volatility |  | ​ | 115 | %
Warrant life |  | ​ | 5 years | ​
Dividend yield |  | ​ | 0 | %
Risk-free interest rate |  | ​ | 0.80 | %
Average fair value at grant date |  | US$ | 2.50 | ​
Schedule of summary of the warrant activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | Average
​ | ​ | ​ | ​ | ​ | ​ | ​ | Remaining
​ | ​ | ​ | ​ | Average | ​ | Contractual
​ | ​ | Number of | ​ | Exercise | ​ | Term in
​ | ​ | Warrants | ​ | Price | ​ | Years
Outstanding at December 31, 2021 |  | 1,868,414 | ​ | $ | 3.50 |  | 4.14
Exercisable at December 31, 2021 |  | 1,868,414 | ​ | ​ | 3.50 |  | 4.14
Issued |  | — | ​ | ​ | — |  | —
Exercised |  | — | ​ |  | — |  | —
Expired |  | — | ​ |  | — |  | —
Outstanding at June 30, 2022 |  | 1,868,414 | ​ | ​ | 3.50 |  | 3.65
Exercisable at June 30, 2022 |  | 1,868,414 | ​ | $ | 3.50 |  | 3.65

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