WML Convertible Bond Conversion Option Derivative (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Valuation Techniques for Embedded Derivative

The following table sets forth the inputs to the lattice models that were used to value the embedded derivatives:

	September 30, 2023			March 2, 2023 (Pricing date)
WML stock price	HK$	7.50		HK$	8.08
Estimated volatility	33.6		%	26.0		%
Risk-free interest rate	4.4		%	4.2		%
Expected term (years)	5.4			6.0
Dividend yield	0.0		%	0.0		%