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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