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Income Tax Expense (Benefit) (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Expense (Credit) [Abstract]

Schedule of Income Tax Benefit

		Year ended December 31,
		2022				2023				2024
		USD’000				USD’000				USD’000
PRC Enterprise Income Tax Expense
Current year			219				83				38
Deferred tax			(131	)			(201	)			(123	)
			88				(118	)			(85	)

Schedule of Profit Before Taxation at Applicable Tax Rates

A reconciliation between income tax expense (benefit) and profit before taxation at applicable tax rates is set out below:

		Year ended December 31,
		2022				2023				2024
		USD’000				USD’000				USD’000
Profit before taxation			11,941				11,383				2,003
Taxation at the applicable tax rate			3,024				2,898				597
Tax effect of preferential tax rates for tea plantation in the PRC			(3,268	)			(3,132	)			(1,023	)
Tax effect of non-deductible expenses			289				159				221
Tax effect of tax losses unrecognized			43				—				95
(Over) under-provision in prior year			—				(43	)			25
Income tax expense (benefit)			88				(118	)			(85	)

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- References

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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