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REVENUE AND OTHER INCOME (Tables)

12 Months Ended

Dec. 31, 2023

Notes and other explanatory information [abstract]

SCHEDULE OF ANALYSIS ABOUT COMPANY'S REVENUE AND OTHER INCOME

Revenue comprises the fair value of the consideration received or receivable for the sale of goods. An analysis of the Company’s revenue and other income is as follows:

		2023				2022				2021
		For the years ended December 31,
		2023				2022				2021
		RMB’000				RMB’000				RMB’000
Revenue
Continuing operations
Business management and consulting			7,142				12,662				13,026
Livestreaming ecommerce			503,404				273,685				58,501

Discontinued operations
Sale of goods (Note 30)			2,701				37,696				144,743

Total revenue			513,247				324,043				216,270

Total revenues			513,247				324,043				216,270
Other income
Continuing operations
Interest income			2,138				10				10
Foreign exchange gain			—				73				—
Government grant			302				—				-
Other			1,288				2,883				22

Discontinued operations
Other income (Note 30)			5,716				14,244				9,388
Total other income			9,444				17,210				9,420

SCHEDULE OF OPERATIONS BY BUSINESS SEGMENT

The following table shows the Company’s operations by business segment for the years ended December 31, 2023, 2022 and 2021.

		2023				2022				2021
		For the year Ended December 31,
		2023				2022				2021
		RMB’000				RMB’000				RMB’000
Revenues
Discontinued operations
Sales of tile products			2,701				37,696				144,743
Continuing operations
Consulting income / software			7,142				12,662				13,026
Livestreaming ecommerce			503,404				273,685				58,501
Total revenues			513,247				324,043				216,270

Cost of revenues
Discontinued operations
Sales of tile products			7,557				41,245				83,436
Continuing operations
Consulting income / software			13,860				12,819				10,002
Livestreaming ecommerce			443,633				245,612				55,491
Total cost of revenues			465,050				299,676				148,929

Operating costs and expenses
Discontinued operations
Sales of tile products			3,245				25,324				20,292
Continuing operations
Consulting income / software			7,330				4,613				9,760
Livestreaming ecommerce			60,285				25,167				195
Other			74,799				9,380				10,677
Total operating costs and expenses			145,659				64,484				40,924

Bad debt expense (reversal)
Discontinued operations
Sales of tile products			(1,000	)			33,365				115,407
Continuing operations
Consulting income / software			—				1,000				4,854
Livestreaming ecommerce			—				(3,751	)			5,293

Total bad debt expense (reversal)			(1,000	)			(30,614	)			125,554

Other expense
Discontinued operations
Sales of tile products			—				—				90
Continuing operations
Consulting income / software			—				36				34
Livestreaming ecommerce			—				6				—
Other			1,204				—				—
Total other expense			1,204				42				124

Other income
Discontinued operations
Sales of tile products			5,716				14,244				9,389
Continuing operations
Consulting income / software			87				115				29
Livestreaming ecommerce			354				2,148				—
Other			3,287				703				2
Total other income			9,444				17,210				9,420

Loss from operations
Discontinued operations
Sales of tile products			(1,385	)			(47,994	)			(65,093	)
Continuing operations
Consulting income / software			(13,961	)			(5,691	)			(11,595	)
Livestreaming ecommerce			(160	)			8,929				(2,478	)
Other			(72,716	)			(8,677	)			(10,675	)
Loss from operations			(88,222	)			(53,433	)			(89,841	)

		As of				As of
		December 31,				December 31,
		2023				2022
Segment assets
Discontinued operations
Sale of tile products			—				74,675
Continuing operations
Business management and consulting			51,336				15,924
Livestreaming ecommerce			13,513				15,004
Others			56,653				4,403
Total assets			121,502				110,006