WML Convertible Bond Conversion Option Derivative (Tables)

12 Months Ended

Dec. 31, 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 derivative:

	December 31, 2023			March 2, 2023 (Pricing date)
WML stock price	HK$	6.43		HK$	8.08
Estimated volatility	34.0		%	26.0		%
Risk-free interest rate	3.3		%	4.2		%
Expected term (years)	5.2			6.0
Dividend yield	0.0		%	0.0		%