v3.26.1
RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of amount due from related parties

 

 

 

As of December 31,

 

Name

 

Relationship with the Group

 

2024

 

 

2025

 

 

 

 

US$

 

 

US$

 

Amounts due from related parties:

 

 

 

 

 

 

 

 

Alphalion Technology Holding Limited
  and its affiliates (“Alphalion Group”)
(1)

 

Long-term available-for-sale investee

 

 

917,288

 

 

 

955,628

 

Individual directors and executive officers (2)

 

Directors or officers of the Group

 

 

15,803,383

 

 

 

18,122,132

 

Subtotal

 

 

 

 

16,720,671

 

 

 

19,077,760

 

(1)
The amount represents short-term, interest-free loans provided to Alphalion Group to facilitate its daily operational cash flow needs and prepaid IT service fee as of December 31, 2024 and 2025.
(2)
The Group provided brokerage services and financing to its individual directors and executive officers and their spouses during its ordinary courses of business. The amounts represent receivables from directors and executive officers of the Group as of December 31, 2024 and 2025, respectively.

 

 

 

 

 

As of December 31,

 

Name

 

Relationship with the Group

 

2024

 

 

2025

 

 

 

 

US$

 

 

US$

 

Amount due to related parties:

 

 

 

 

 

 

Individual directors and executive officers (3)

 

Directors or officers of the Group

 

 

874,331

 

 

 

69,935,059

 

Total

 

 

 

 

874,331

 

 

 

69,935,059

 

 

(3)
The amounts represent the cash account balance of directors and executive officers.

Transactions with related parties:

 

 

 

For the years ended December 31,

 

Name

 

Relationship with the Group

 

2023

 

 

2024

 

 

2025

 

 

 

 

US$

 

US$

 

US$

 

Alphalion Group (4)

 

Long-term available-for-sale investee

 

 

(150,360

)

 

(116,150

)

 

(100,000

)

Individual directors and executive
   officers
(5)

 

Directors or officers of the Group

 

 

1,501,351

 

 

1,402,815

 

 

(1,441,549

)

 

(4)
The amounts represent the purchase of IT services from Alphalion Group for the years ended December 31, 2023, 2024 and 2025, respectively.
(5)
The amounts represent the commissions, interest income and interest expense from providing brokerage services and financing to the individual directors and executive officers during its ordinary courses of business for the years ended December 31, 2023, 2024 and 2025, respectively.