| Schedule of Intangible Assets and Goodwill |
| | |
Customer
Relationship | | |
Software
under development | | |
Goodwill | | |
Sub-total | |
| | |
USD | | |
USD | | |
USD | | |
USD | |
| Cost | |
| | |
| | |
| | |
| |
| Balance at December 31,
2023 and 2024 | |
| - | | |
| - | | |
| - | | |
| - | |
| Additions
from business combinations | |
| 3,623,497 | | |
| - | | |
| 11,360,003 | | |
| 14,983,400 | |
| Additions
from asset acquisition | |
| - | | |
| 5,760,000 | | |
| - | | |
| 5,760,000 | |
| Effect
of movements in exchange rates | |
| 98,229 | | |
| - | | |
| - | | |
| 98,229 | |
| Balance
at December 31, 2025 | |
| 3,721,726 | | |
| 5,760,000 | | |
| 11,360,003 | | |
| 20,841,729 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accumulated
Amortization | |
| | | |
| | | |
| | | |
| | |
| Balance at December 31,
2023 and 2024 | |
| - | | |
| - | | |
| - | | |
| - | |
| Additions | |
| 239,231 | | |
| - | | |
| - | | |
| 239,231 | |
| Effect
of movements in exchange rates | |
| 5,238 | | |
| - | | |
| - | | |
| 5,238 | |
| Balance
at December 31, 2025 | |
| 244,469 | | |
| - | | |
| - | | |
| 244,469 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accumulated
Impairment | |
| | | |
| | | |
| | | |
| | |
| Balance at December 31,
2023 and 2024 | |
| - | | |
| - | | |
| - | | |
| - | |
| Addition | |
| - | | |
| 4,063,000 | | |
| 5,551,429 | | |
| 9,614,429 | |
| Effect
of movements in exchange rates | |
| - | | |
| - | | |
| - | | |
| - | |
| Balance
at December 31, 2025 | |
| - | | |
| 4,063,000 | | |
| 5,551,429 | | |
| 9,614,429 | |
| | |
| | | |
| | | |
| | | |
| | |
| Carrying
amounts | |
| | | |
| | | |
| | | |
| | |
| At
December 31, 2024 | |
| - | | |
| - | | |
| - | | |
| - | |
| At
December 31, 2025 | |
| 3,477,257 | | |
| 1,697,000 | | |
| 5,808,574 | | |
| 10,982,831 | |
|
| Schedule of Impairment Testing Goodwill |
For
the purpose of impairment testing, goodwill has been allocated to the Group’s CGUs as follows
| | |
December 31,
2025 | | |
December 31,
2024 | |
| CGUs | |
USD | | |
USD | |
| Transocean | |
| 5,551,429 | | |
| - | |
| YYC HK | |
| 2,260,054 | | |
| - | |
| YYC TH | |
| 2,166,835 | | |
| - | |
| PFS | |
| 644,292 | | |
| - | |
| | |
| 10,622,610 | | |
| - | |
| Multiple units without
significant goodwill | |
| 737,393 | | |
| - | |
| | |
| 11,360,003 | | |
| - | |
| | |
| | | |
| | |
| Impairment of goodwill
- Transocean | |
| (5,551,429 | ) | |
| - | |
| | |
| 5,808,574 | | |
| - | |
|
| Schedule of Key Assumptions Used Estimation |
The
key assumptions used in the estimation of the recoverable amount are set out below. The values assigned to the key assumptions represent
management’s assessment of future trends in the relevant industries and have been based on historical data from both external and internal
sources.
| In percent | |
December 31,
2025 | |
| Discount rate | |
| 17.64 | |
| Budgeted revenue growth rate (average of next
five years) | |
| 70.03 | |
| Terminal value growth
rate | |
| 1.70 | |
| | |
Change
required for carrying
amount to equal recoverable
amount | |
| In percent | |
December 31,
2025 | |
| Discount rate | |
| 1.53 | |
| Budgeted revenue growth
rate (average of next five years) | |
| (4.93 | ) |
| In percent | |
December 31,
2025 | |
| Discount rate | |
| 18.40 | |
| Budgeted revenue growth rate (average of next
five years) | |
| 103.90 | |
| Terminal value growth
rate | |
| 1.90 | |
| | |
Change
required for carrying
amount to equal recoverable
amount | |
| In percent | |
December 31,
2025 | |
| Discount rate | |
| 0.35 | |
| Budgeted revenue growth
rate (average of next five years) | |
| (2.06 | ) |
| In percent | |
December 31,
2025 | |
| Discount rate | |
| 15.50 | |
| Budgeted revenue growth rate (average of next
five years) | |
| 3.60 | |
| Terminal value growth
rate | |
| 1.60 | |
| | |
Change
required for carrying
amount to equal recoverable
amount | |
| In percent | |
December 31,
2025 | |
| Discount rate | |
| 23.46 | |
| Budgeted revenue growth
rate (average of next five years) | |
| (25.13 | ) |
|