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Leases

12 Months Ended

Dec. 31, 2024

13. Leases

Below shows the movements of Right-of-use assets and lease liabilities presented in the consolidated statements of financial position:

	Right-of-use assets			Lease liabilities
	USD’000			USD’000
As of 1/1/2023		142			170
Inception of new lease		66			66
Depreciation expense		(20	)		—
Interest expense		—			13
Payment		—			(29	)
Exchange adjustments		(2	)		(4	)

As of 31/12/2023		186			216
Depreciation expense		(17	)		—
Interest expense		—			13
Payment		—			(28	)
Exchange adjustments		(5	)		(5	)
As of 31/12/2024		164			196

The lease liabilities based on their maturity are as follows:

	As of December 31,
	2023		2024
	USD’000		USD’000
Analyzed into:
Within one year		16		17
In the second to fifth year, inclusive		70		63
Over fifth year		130		116
		216		196

Leases include prepaid land lease and lease of properties. Prepaid land lease represents the cost of the rights of the use of the land in respect of leasehold land in the PRC, on which the Group’s buildings and tea garden are situated. The prepaid land lease’ terms are 26 to 30 years. The lease terms of properties are 5 to 10 years from inception.