| Schedule of condensed balance sheets |
| | | | | | | As of | | As of | | | December 31, | | December 31, | | | 2024 | | 2025 | | | US$ | | US$ | | | | | | ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | | 30 | | 9 | Cryptocurrency assets | | 250 | | 437 | Other current assets | | 29,077 | | 75,509 | Amounts due from intergroup companies | | 140,168 | | 106,666 | | | | | | Total current assets | | 169,525 | | 182,621 | | | | | | Non-current assets: | | | | | Investment in subsidiaries | | (112,300) | | (148,093) | Intangible assets, net | | 95 | | 108 | | | | | | Total non-current assets | | (112,205) | | (147,985) | | | | | | TOTAL ASSETS | | 57,320 | | 34,636 |
| | | | | | | As of | | As of | | | December 31, | | December 31, | | | 2024 | | 2025 | | | US$ | | US$ | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | Current liabilities: | | | | | Accrued payroll and welfare payable | | 34 | | 26 | Accrued expenses and other liabilities | | 393 | | 378 | | | | | | Total current liabilities | | 427 | | 404 | | | | | | TOTAL LIABILITIES | | 427 | | 404 | | | | | | Shareholders’ equity: | | | | | Class A ordinary shares, par value US$0.00005 per share; 1,599,935,000 and 38,399,870,000 shares authorized as of December 31, 2024 and December 31, 2025, respectively; 1,595,399,890 and 1,867,853,490 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively | | 78 | | 90 | Class A preference shares, par value US$0.00005 per share; 65,000 shares authorized as of December 31, 2024 and December 31, 2025; 65,000 shares issued and outstanding as of December 31, 2024 and December 31, 2025. | | — | | — | Class A II preference shares, par value US$0.00005 per share; 0 and 65,000 shares authorized as of December 31, 2024 and December 31, 2025, respectively; 0 and 65,000 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively. | | — | | — | Class B ordinary shares, par value US$0.00005 per share; 400,000,000 shares authorized as of December 31, 2024 and December 31, 2025; 99 shares issued and outstanding as of December 31, 2024 and December 31, 2025 | | — | | — | Additional paid-in capital | | 640,724 | | 651,782 | Treasury shares | | (21,604) | | (21,604) | Accumulated other comprehensive loss | | (4,392) | | (4,246) | Accumulated deficit and statutory reserve | | (557,913) | | (591,790) | | | | | | Total shareholders’ equity | | 56,893 | | 34,232 | | | | | | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | | 57,320 | | 34,636 |
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| Schedule of condensed statements of comprehensive (loss) income |
| | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | | US$ | | US$ | | US$ | | | | | | | | Revenues | | — | | — | | — | Operating costs and expenses: | | | | | | | Cost of revenue | | (42) | | (31) | | — | Sales and marketing expenses | | (6) | | — | | — | General and administrative expenses | | (3,134) | | (1,681) | | (2,137) | | | | | | | | Total operating costs and expenses | | (3,182) | | (1,712) | | (2,137) | | | | | | | | Net gain on disposal of cryptocurrency assets | | 539 | | — | | — | Changes in fair value of cryptocurrency assets | | — | | 100 | | 23 | | | | | | | | Operating loss | | (2,643) | | (1,612) | | (2,114) | Interest income | | 231 | | — | | — | Other operating expense | | (10,000) | | — | | — | Equity in (loss) income of subsidiaries | | (16,298) | | 13,685 | | (31,763) | | | | | | | | (Loss) income before income tax | | (28,710) | | 12,073 | | (33,877) | | | | | | | | Net (loss) income | | (28,710) | | 12,073 | | (33,877) | | | | | | | | Other comprehensive (loss) income | | | | | | | Foreign currency translation (loss) income | | (316) | | (116) | | 146 | | | | | | | | Comprehensive (loss) income | | (29,026) | | 11,957 | | (33,731) |
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