v3.26.1
Capital Commitments
12 Months Ended
Dec. 31, 2025
Capital Commitments [Abstract]  
Capital commitments

24. Capital commitments

 

   As of
December 31,
 
   2024   2025 
   USD’000   USD’000 
Capital expenditure in respect of acquisition of the contractual management rights:        
Total contract sum   25,892    26,935 
Less: Amounts paid and recognized as cost of property, plant and equipment   (11,565)   (12,031)
Contracted for but not provided in the Consolidated Financial Statement   14,327    14,904 

 

On February 17, 2023, the Group entered into a supplementary agreement with the village committee of Changguan Village, acquiring a tea garden encompassing 1,014mu (approximately 676,000 square meters). This was followed by another supplementary agreement with the village committee of Shakengli Village, acquiring an additional tea garden spanning 800mu (approximately 533,334 square meters). As per the Company, the contractual management rights for the remaining related land lots will be progressively transferred in 2026.