| Schedule of exchangeable notes |
| | | | | | | | | | | | | Lightning | | | | | | | WFOE | | Speed | | Kingway | | | | | Exchangeable | | Exchangeable | | Exchangeable | | | | | Notes | | Notes | | Notes | | Total | | | US$ | | US$ | | US$ | | US$ | Balance as of January 1, 2023 | | 355,320 | | 71,792 | | — | | 427,112 | Issuance of exchangeable notes | | 27,883 | | — | | — | | 27,883 | Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk | | 737 | | 3,711 | | — | | 4,448 | Changes in fair values of exchangeable notes due to the instrument-specific credit risk | | 272 | | 1,398 | | — | | 1,670 | Foreign currency translation adjustment | | (5,574) | | (1,223) | | — | | (6,797) | Balance as of December 31, 2023 | | 378,638 | | 75,678 | | — | | 454,316 | Issuance of exchangeable notes | | — | | — | | 28,541 | | 28,541 | Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk | | (11,509) | | 2,606 | | 918 | | (7,985) | Changes in fair values of exchangeable notes due to the instrument-specific credit risk | | — | | (1,996) | | (905) | | (2,901) | Settlements | | (365,994) | | — | | — | | (365,994) | Foreign currency translation adjustment | | (1,135) | | (1,124) | | (719) | | (2,978) | Balance as of December 31, 2024 | | — | | 75,164 | | 27,835 | | 102,999 | Issuance of exchangeable notes | | — | | — | | 27,842 | | 27,842 | Changes in fair values of exchangeable notes, excluding impact of instrument-specific credit risk | | — | | 826 | | (75) | | 751 | Changes in fair values of exchangeable notes due to the instrument-specific credit risk | | — | | (4,584) | | (1,014) | | (5,598) | Foreign currency translation adjustment | | — | | 1,640 | | 1,218 | | 2,858 | Balance as of December 31, 2025 | | — | | 73,046 | | 55,806 | | 128,852 | Including: | | | | | | | | | – Current portion | | — | | — | | — | | — | – Non-current portion | | — | | 73,046 | | 55,806 | | 128,852 |
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