AMTD Digital (HKD) 20-F 28 Feb 25 2024 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Oct. 31, 2024 shares
Document Information Line Items
Entity Central Index Key	0001809691
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Current Fiscal Year End Date	--10-31
Document Period End Date	Oct. 31, 2024
Document Fiscal Year Focus	2024
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-40463
Entity Registrant Name	AMTD Digital Inc.
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	27-29 rue de Bassano
Entity Address, Postal Zip Code	75008
Entity Address, City or Town	Paris
Entity Address, Country	FR
Title of 12(b) Security	each representing 0.4 Class A ordinary shares, par value US$0.0001 per share Class A ordinary shares, par value US$0.0001 per share
Trading Symbol	HKD
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Auditor Firm ID	6783
Auditor Opinion [Text Block]	Opinion on the Financial Statements We have audited the accompanying consolidated statements of financial position of AMTD Digital Inc. and its subsidiaries (the “Company”) as of October 31, 2024 and 2023, the related consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows for the year ended October 31, 2024, six months ended October 31, 2023 and years ended April 30, 2023 and 2022 and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of October 31, 2024 and 2023, and the results of its operations and its cash flows for the year ended October 31, 2024, six months ended October 31, 2023 and years ended April 30, 2023 and 2022 in conformity with generally accepted accounting principles in the United States of America.
Auditor Name	Assentsure PAC
Auditor Location	Singapore
Amendment Flag	false
Document Fiscal Period Focus	FY
Business Contact
Document Information Line Items
Entity Address, Address Line One	27-29 rue de Bassano
Entity Address, Postal Zip Code	75008
Entity Address, City or Town	Paris
Entity Address, Country	FR
Contact Personnel Name	Feridun Hamdullahpur
City Area Code	+33 (0)
Local Phone Number	1 7673 2800
Class A Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	32,793,921
Class B Ordinary Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	65,741,346

Consolidated Statements of Prof

Consolidated Statements of Profit or Loss and Other Comprehensive Income - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Income Statement [Abstract]
Revenue from contracts with customers	$ 8,673	$ 22,814	$ 33,066	$ 25,271
Dividend income		634
Changes in fair value on financial assets measured at fair value through profit or loss (“FVTPL”)	16,279	(3,003)	15,386	16,940
Revenue	24,952	20,445	48,452	42,211
Employee benefits expense	(3,074)	(5,057)	(9,868)	(9,293)
Advertising and promotion expense	(177)	(313)	(655)	(522)
Premises and office expenses	(1,486)	(58)	(996)	(741)
Legal and professional fee	(1,338)	(262)	(2,891)	(3,010)
Depreciation and amortization	(1,441)	(5,642)	(1,312)	(846)
Finance costs	(3,403)	(10,326)	(1,195)
Other expenses	(4,586)	(13,347)	(2,442)	(405)
Other income	8,988	20,020	16,052	867
Other gains and losses, net	14,342	37,000	153	609
Profit before tax	32,777	42,460	45,298	28,870
Income tax expense	(1,991)	(785)	(4,485)	(3,030)
Profit for the year/period	30,786	41,675	40,813	25,840
Item that will not be reclassified to profit or loss:
Exchange differences on translation from functional currency to presentation currency	1,168	1,564	(30)	(4,145)
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising on translation of foreign operations	(956)	(625)	(960)	(106)
Cumulative exchange differences reclassified to profit or loss upon disposal of foreign operations		2,695
Share of other comprehensive income of joint ventures	126	1,312	377
Other comprehensive expense reclassified subsequently to profit or loss	(830)	3,382	(583)	(106)
Other comprehensive income (expense) for the year/period	338	4,946	(613)	(4,251)
Total comprehensive income for the year/period	31,124	46,621	40,200	21,589
Profit (loss) for the year/period attributable to:
- Owners of the Company	31,940	44,443	42,059	27,493
- Non-controlling interests	(1,154)	(2,768)	(1,246)	(1,653)
Profit (loss) for the year	30,786	41,675	40,813	25,840
Total comprehensive income (expense) for the year/period attributable to:
- Owners of the Company	32,563	50,100	41,889	23,294
- Non-controlling interests	(1,439)	(3,479)	(1,689)	(1,705)
Total comprehensive income (expense) for the year	$ 31,124	$ 46,621	$ 40,200	$ 21,589
Earnings per share
- Basic (US$) (in Dollars per share)	$ 0.42	$ 0.58	$ 0.57	$ 0.41
- Diluted (US$) (in Dollars per share)	$ 0.42	$ 0.58	$ 0.57	$ 0.41

Consolidated Statements of Fina

Consolidated Statements of Financial Positions - USD ($) $ in Thousands		Oct. 31, 2024	Oct. 31, 2023
ASSETS
Property, plant and equipment		$ 274,448	$ 69,592
Intangible assets		119,255	279
Financial assets at FVTPL	[1]	24,676	288
Interests in joint ventures			16,775
Total non-current assets		418,379	86,934
Current assets:
Accounts receivable		6,645	934
Prepayments, deposits and other receivables		2,666	35,827
Financial assets at FVTPL		12,123	5,723
Pledged bank deposits		33,000
Fiduciary bank balances		709	913
Cash and cash equivalents		27,861	134,843
Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners		84,552	373,518
Assets classified as held for sale			77,045
Total current assets		84,552	450,563
Total assets		502,931	537,497
Current liabilities:
Clients’ monies held on trust			814
Accounts payable		1,590	69
Other payables and accruals		10,000	18,914
Bank borrowings		83,374	65,565
Contract liabilities		1,184
Income tax payable		2,602	2,638
Current liabilities other than liabilities included in disposal groups classified as held for sale		162,643	141,389
Liabilities associated with assets classified as held for sale			17,912
Total current liabilities		162,643	159,301
Non-current liabilities:
Bank borrowings		174,224
Provision for replacement of hotel properties		1,653
Deferred tax liability		5,652
Total non-current liabilities		181,529
Total liabilities		344,172	159,301
Capital and reserves:
Share capital		8	8
Treasury shares		(635,233)	(52,235)
Reserves		653,695	439,190
Equity attributable to owners of the Company		18,470	386,963
Non-controlling interests		140,289	(8,767)
Total equity		158,759	378,196
Total equity and liabilities		502,931	537,497
Subsidaries
Current assets:
Amount due from AMTD Group (as defined in note 1)		1,548	195,278
Current liabilities:
Amounts due to non-controlling shareholders		$ 63,893	$ 53,389
[1] The Company classified certain equity securities as non-current when these equity securities are held for long-term purposes and would realize their performance potential in the long run.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Share Capital	Share Premium	Treasury Shares	Share-Based Payment Reserve	Exchange Reserve	Capital Reserve	Retained Earnings	Total	Non- Controlling Interests	Total
Balance at Apr. 30, 2021	$ 7	$ 310,635		$ 120	$ (516)	$ 16,656	$ 42,467	$ 369,369	$ 3,248	$ 372,617
Profit (loss) for the year							27,493	27,493	(1,653)	25,840
Other comprehensive income (expenses) for the year					(4,199)			(4,199)	(52)	(4,251)
Total comprehensive income (expense) for the year					(4,199)		27,493	23,294	(1,705)	21,589
Issuance of shares by a non-wholly owned subsidiary						44		44	57	101
Share-based compensation				224				224	914	1,138
Balance at Apr. 30, 2022	7	310,635		344	(4,715)	16,700	69,960	392,931	2,514	395,445
Profit (loss) for the year							42,059	42,059	(1,246)	40,813
Issuance of shares	1	229,185						229,186		229,186
Repurchase of shares of the Company			(318,882)					(318,882)		(318,882)
Acquisition of subsidiaries under common control (note 13(b))			266,647			(274,831)		(8,184)	5,025	(3,159)
Other comprehensive income (expenses) for the year					(170)			(170)	(443)	(613)
Total comprehensive income (expense) for the year					(170)		42,059	41,889	(1,689)	40,200
Share-based compensation				244				244		244
Balance at Apr. 30, 2023	8	539,820	(52,235)	588	(4,885)	(258,131)	112,019	337,184	5,850	343,034
Profit (loss) for the year							31,940	31,940	(1,154)	30,786
Issuance of shares		5,602						5,602		5,602
Change in shareholding of subsidiaries without losing control						11,531		11,531	(13,178)	(1,647)
Other comprehensive income (expenses) for the year					623			623	(285)	338
Total comprehensive income (expense) for the year					623		31,940	32,563	(1,439)	31,124
Share-based compensation				83				83		83
Balance at Oct. 31, 2023	8	545,422	(52,235)	671	(4,262)	(246,600)	143,959	386,963	(8,767)	378,196
Profit (loss) for the year							44,443	44,443	(2,768)	41,675
Issuance of shares		47,480	52,520					100,000		100,000
Repurchase of shares of the Company	(2)		(447,520)					(447,522)		(447,522)
Acquisition of subsidiaries under common control (note 13(b))	2	187,996	(187,998)			(71,157)		(71,157)	178,310	107,153
Disposal of subsidiaries						(11,570)	11,570		(18,958)	(18,958)
Recognition of subsidiaries upon control over Singapore hotel companies (note 13(c))									(6,817)	(6,817)
Other comprehensive income (expenses) for the year					5,657			5,657	(711)	4,946
Total comprehensive income (expense) for the year					5,657		44,443	50,100	(3,479)	46,621
Share-based compensation				86				86		86
Balance at Oct. 31, 2024	$ 8	$ 780,898	$ (635,233)	$ 757	$ 1,395	$ (329,327)	$ 199,972	$ 18,470	$ 140,289	$ 158,759

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax	$ 32,777	$ 42,460	$ 45,298	$ 28,870
Adjustments for:
Share of losses of joint ventures	1,366	1,363	404
Interest income	(9,012)	(20,020)	(15,945)	(743)
Dividend income		(634)
Finance costs	3,403	10,326	1,195
Depreciation	999	5,159	479	9
Amortization	442	483	833	837
Recovery of accounts receivable written off	(1)		(2)	(20)
Share-based payment	83	86	244	1,138
Changes in fair value on financial assets at FVTPL	(16,279)	3,003	(15,386)	(16,940)
Gain on disposal of subsidiaries	(14,697)	(37,222)
Unrealized exchange gain				(403)
Operating cash flows before movements in working capital	(919)	5,004	17,120	12,748
Decrease (increase) in fiduciary bank balances	(115)	204	372	369
(Increase) decrease in accounts receivable	(170)	(823)	(4,272)	3,834
(Increase) decrease in prepayments, deposits and other receivables	5,808	(448)	1,545	521
(Decrease) increase in client’s monies held on trust	385	(814)	(398)	(316)
Increase in accounts payable	37	691	173	7
Increase in other payables and accruals	16,866	312	523	1,421
Increase (decrease) in contract liabilities	(494)	290	4,544	(3,011)
Increase in provision for replacement of hotel properties		247
Cash generated from operations	21,398	4,663	19,607	15,573
Dividend received		634
Tax paid	(38)	(1,052)	(4,106)	(5,323)
Net cash from operating activities	21,360	4,245	15,501	10,250
CASH FLOWS FROM INVESTING ACTIVITIES
Additions of financial assets at FVTPL	(825)	(350)	(5,545)	(3,835)
Proceeds from disposal of financial assets at FVTPL			58,170
Receipt of return from movie income right investments				2,681
Acquisition of property, plant and equipment	(17)	(159)	(2)	(6)
Acquisition of intangible assets				(227)
Acquisition of subsidiaries, net of cash acquired		9,057	3,860
Disposal of subsidiaries, net of cash disposed		(514)
Interest received	2,858	5,915	3,109	40
Loan to a third party			(100,123)
Repayment of loan to a third party			100,123
Advance to AMTD Group	(91,854)	(89,477)	(401,454)	(140,338)
Advance to non-controlling shareholders	(1,640)
Repayment from AMTD Group	55,488		222,271	92,546
Repayment from non-controlling shareholders			97
Net cash used in investing activities	(35,990)	(75,528)	(119,494)	(49,139)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from bank borrowings		33,000	15,018
Proceeds from issue of shares			229,186
Repayment of bank borrowings		(15,000)
Placement of pledged bank deposits		(33,000)
Repayment to non-controlling shareholders	(594)	(13,344)
Finance costs paid	(3,375)	(7,468)	(742)
Net cash (used in) from financing activities	(3,969)	(35,812)	243,462
Net (decrease) increase in cash and cash equivalents	(18,599)	(107,095)	139,469	(38,889)
Cash and cash equivalents at beginning of the year/period	153,661	135,089	14,337	53,631
Effect of foreign exchange rate changes	27	(133)	(145)	(405)
Cash and cash equivalents at end of the year/period	135,089	27,861	153,661	14,337
Represented by:
Cash and cash equivalents	134,843	27,861	152,930	14,337
Cash and cash equivalents classified as assets held for sale	246		731
Cash and cash equivalents, Total	$ 135,089	$ 27,861	$ 153,661	$ 14,337

General

General	12 Months Ended
	Oct. 31, 2024
General [Abstract]
GENERAL	1. GENERAL AMTD Digital Inc. (the “Company”) was incorporated and registered as an exempted company with limited liability in the Cayman Islands under the Companies Act of the Cayman Islands on September 12, 2019. The Company, through its subsidiaries (collectively, the “Group”), is mainly involved in the provision of digital solutions services, fashion, arts and luxury media advertising and marketing services and hotel operations, hospitality and very important person (“VIP”) services. The Company’s ultimate holding company is AMTD Group Inc. (“AMTD Group”), a private company incorporated in the British Virgin Islands (“BVI”) and the Company’s immediate holding company is AMTD IDEA Group, a listed company incorporated in the Cayman Islands.

Basis of Preparation

Basis of Preparation	12 Months Ended
	Oct. 31, 2024
Basis of Preparation [Abstract]
BASIS OF PREPARATION	2. BASIS OF PREPARATION Basis of preparation The Group’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). For the purpose of preparation of the consolidated financial statements, information is considered material if such information is reasonably expected to influence decision made by primary users. The consolidated financial statements have been prepared on a historical cost basis, except for financial assets at fair value through profit or loss which are measured at fair value. The Company has changed its fiscal year from April 30 to October 31, which became effective for the period ended October 31, 2023. Given the period ended October 31, 2023 is for a 6-month period, the results may not be comparable to the 12-month period ended October 31, 2024. Recent accounting pronouncements The Company considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. This standard is effective for the Company for the annual period beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU 2023-07. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 is intended to improve transparency of income tax disclosure by requiring income tax disclosures to contain consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. This standard affects the disclosure of income taxes not the accounting for income taxes. This standard is effective for the Company for the annual period beginning after December 15, 2025, with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU 2023-09. In November 2024, the FASB ASU 2024-03, Income Statement—Reporting Comprehensive Income—

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Oct. 31, 2024
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	3. SIGNIFICANT ACCOUNTING POLICIES Basis of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries for the year ended October 31, 2024, six months ended October 31, 2023 and years ended April 30, 2023 and 2022. A subsidiary is an entity, directly or indirectly, controlled by the Company. Control is achieved when the Group has power over investee, is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee (i.e., existing rights that give the Group the current ability to direct the relevant activities of the investee). The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control described above. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. The results of subsidiaries are consolidated from the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. Profit or loss and each item of other comprehensive income, if any, is attributed to the owners of the parent of the Group (including ordinary shareholders and holders of perpetual securities) and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions among members of the Group are eliminated in full on consolidation. Non-controlling interests in subsidiaries are presented separately from the Group’s equity therein, which represent present ownership interests entitling their holders to a proportionate share of net assets of the relevant subsidiaries upon liquidation. Changes in the Group’s interests in existing subsidiaries Changes in the Group’s interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group’s relevant components of equity and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries, including re-attribution of relevant reserves between the Group and the non-controlling interests according to the Group’s and the non-controlling interests’ proportionate interests. Any difference between the amount by which the non-controlling interests are adjusted, and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the Company. When the Group loses control of a subsidiary, the assets and liabilities of that subsidiary and non-controlling interests (if any) are derecognized. A gain or loss is recognized in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the carrying amount of the assets (including goodwill), and liabilities of the subsidiary attributable to the owners of the Company. All amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary. The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting or, when applicable, the cost on initial recognition of an investment in an associate or a joint venture. Business combinations A business is an integrated set of activities and assets which includes an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired processes are considered substantive if they are critical to the ability to continue producing outputs, including an organized workforce with the necessary skills, knowledge, or experience to perform the related processes or they significantly contribute to the ability to continue producing outputs and are considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs. Acquisitions of businesses, other than business combination under common control are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred. At the acquisition date, the identifiable assets acquired and the liabilities assumed are recognized at their fair value, except that: ● deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognized and measured in accordance with relevant guidance; ● liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with relevant guidance; ● assets (or disposal groups) that are classified as held for sale are measured in accordance with that standard; and ● lease liabilities are recognized and measured at the present value of the remaining lease payments as if the acquired leases were new leases at the acquisition date, except for leases for which the lease terms ends within 12 months of the acquisition date. Right-of-use assets are recognized and measured at the same amount as the relevant lease liabilities, adjusted to reflect favorable or unfavorable terms of the lease when compared with market terms. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of the acquirer’s previously held equity interest in the acquiree (if any) over the net amount of the identifiable assets acquired and the liabilities assumed as of acquisition date. If, after re-assessment, the net amount of the identifiable assets acquired and liabilities assumed exceeds the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the acquirer’s previously held interest in the acquiree (if any), the excess is recognized immediately in profit or loss as a bargain purchase gain. Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the relevant subsidiary’s net assets in the event of liquidation are initially measured at fair value. Business combinations under common control The Company accounts for the business combination with entities under common control using historical carrying values and under a prospective basis (referred to herein as predecessor accounting) which involves the Company accounting for the combination prospectively from the date on which it occurred. For predecessor accounting: ● Assets and liabilities of the acquired entity are stated at carrying amounts in the consolidated financial statements of the controlling party. Fair value measurement is not required. ● Income statement reflects the results of the combining parties. ● No new goodwill arises in predecessor accounting. ● Any difference between the consideration given and the aggregate carrying value of the assets and liabilities of the acquired entity at the date of the transaction is recognized in capital reserve. Fair value measurement The Group measures its movie income right investments and equity investments at fair value at the end of each reporting period. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 — based on quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly Level 3 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized at fair value in the consolidated financial statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. Impairment of non-financial assets At the end of the reporting period, the Group reviews the carrying amounts of its property, plant and equipment and intangible assets with finite useful lives to determine whether there is any indication that these assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the relevant asset is estimated, which is the sum of undiscounted cash flows that are expected to result from the use and eventual disposition of asset or asset group. The recoverable amount of property, plant and equipment and intangible assets with definite life are estimated recoverable amount of an asset group (i.e. the lowest level of identifiable cash flows that are largely independent of the net cash flows of other groups of assets). An impairment loss is recognized for a depreciable or amortizable asset (asset group) only if the carrying amount of the asset (asset group) exceeds its recoverable amount. If the asset is not recoverable, then an asset’s (asset group’s) impairment is calculated with reference to the fair value of that asset (asset group) in comparison to its carrying amount. The Group performs an initial qualitative assessment before proceeding with the quantitative test on goodwill and indefinite life intangible asset. If the Group concludes, based on qualitative assessment, that it is not more likely than not that a reporting unit that goodwill allocated to or indefinite life intangible assets is impaired, then the Group is not required to perform a quantitative test for that reporting unit or indefinite life intangible assets. Intangible assets with indefinite life are estimated individually. An impairment loss for an indefinite life intangible asset is recognized if the fair value of the asset is less than the asset’s carrying amount. Goodwill is allocated to those reporting units which are operating segments or one level below the operating segment level (component level), if it constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that segment. Goodwill is impaired if the carrying amount of the reporting unit to which it is allocated exceeds the fair value of the reporting unit. An impairment is the excess of the reporting unit’s carrying amount over its fair value. Corporate assets are not allocated to asset groups in testing long-lived assets for impairment. An additional high-level of asset group is identified (which may be at the entity level), which is tested for impairment after the related lower-level assets groups have been tested. An impairment loss is not reversed if the fair value of the impaired asset or asset group increases subsequently. Revenue from contracts with customers Revenue from contracts with customers is recognized when control of goods or services is transferred to the customers at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to which the Group will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. Digital solutions services (i) Insurance brokerage services The Group earns commission income by facilitating the arrangement between insurance company partners and individuals/businesses. The service promised to the customer is placement of an effective insurance or reinsurance policy. Commission revenue is usually a percentage of the premium paid by the insured and generally depends upon the type of insurance or reinsurance policy and the insurance company partner. Revenue is recognized at a point in time upon execution and effectiveness of insurance contracts. The Group allows a credit period up to 15 days to its customers. (ii) Other digital solutions services The Group provides its corporate clients exclusive access to the membership program for a fixed membership fee negotiated on case by case basis and agreed upon entering the contract with each customer. Other digital solutions services provides its members networking opportunities with prestigious corporate members, prominent business executives and partners. Contract terms of contracts entered generally ranged from 1 to 3 years. Revenue from such service is recognized over time as the customers simultaneously receive and consume the service provided by the Group. The payments will be settled according to the payment schedules stated in the service contracts. The Group may allow a credit period ranging from 0 to 90 days to its customers for the demand note issued in accordance with the payment schedules. When the Group receives an upfront payment, this will give rise to contract liabilities at the time of the initial sales transaction for which revenue is recognized over the membership service period. (iii) Fashion, arts and luxury media advertising and marketing services Fashion, arts and luxury media advertising and marketing services income is composed of fashion, arts and luxury magazines and advertising service income and fashion, arts and luxury media licensing and marketing services income. The Group distributes of fashion, arts and luxury publications. The Group also provides advertising services on fashion, arts and luxury magazines to the customers. Revenue is recognized at a point in time when control of the goods has transferred to the customers or upon the edition in which the advertisement is displayed. The Group also provides fashion, arts and luxury media licensing and marketing services to its customers on its multimedia channels. The Group recognizes revenues from such services over time based on the contract term. The Group allows a credit period up to 90 days to its customers. (iv) Hotel operations, hospitality and VIP services The Group provides accommodations and other ancillary services to hotel guests. Revenue of hotel operations, hospitality and VIP services are recognized over time by reference to the progress towards complete satisfaction of the relevant performance obligation, as the hotel guest simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs. Contract liabilities A contract liability is recognized when the payment is made and received or the payment is due (whichever is earlier) from a customer before the Group transfers the related goods or services. Contract liabilities are recognized as revenue when the Group performs under the contract (i.e., transfers control of the related goods or services to the customer). For certain customers, the Group requires upfront payment and recorded such upfront fee as contract liabilities in other payables and accruals. Upfront fee is recognized as revenue based on the time elapsed for the service period. Foreign currencies In preparing the financial statements of each individual group entity, transactions in currencies other than the functional currency of that entity (foreign currencies) are recognized at the rates of exchanges prevailing on the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences arising on the settlement of monetary items, and on the retranslation of monetary items, are recognized in profit or loss in the period in which they arise. For the purposes of presenting the consolidated financial statements, the assets and liabilities of the Group’s operations are translated into the presentation currency of the Group using exchange rates prevailing at the end of each reporting period. Income and expenses items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity under the heading of exchange reserve (attributed to non-controlling interests as appropriate). On the disposal of a foreign operation (that is, a disposal of the Group’s entire interest in a foreign operation, or a disposal involving loss of control over a subsidiary that includes a foreign operation), all of the exchange differences accumulated in equity in respect of that operation attributable to the owners of the Company are reclassified to profit or loss. Employee benefits Retirement benefit costs Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions. Short-term employee benefits Short-term employee benefits are recognized at the undiscounted amount of the benefits expected to be paid as and when employees rendered the services. All short-term employee benefits are recognized as an expense. A liability is recognized for benefits accruing to employees (such as wages and salaries and annual leave) after deducting any amount already paid. Share-based payments Equity-settled share-based payments transactions Restricted ordinary shares granted to employees Equity-settled share-based payments to employees are measured at the fair value of the equity instruments at the grant date. The fair value of the equity-settled share-based payments determined at the grant date without taking into consideration all non-market vesting conditions is expensed on a straight-line basis over the vesting period. When the restricted ordinary shares are vested, the amount previously recognized in share-based payment reserve will be transferred to share premium. Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. The cost of an item of property, plant and equipment comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to profit or loss in the year in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Depreciation is calculated on a straight-line basis to write off the cost of each item of property, plant and equipment to its residual value over its estimated useful life. Where parts of an item of property, plant and equipment have different useful lives, the cost of that item is allocated on a reasonable basis among the parts and each part is depreciated separately. Residual values, useful lives and the depreciation method are reviewed, and adjusted if appropriate, at least at the end of each financial year. An item of property, plant and equipment including any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on disposal or retirement recognized in profit or loss in the year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of the relevant asset. Intangible assets Intangible assets acquired separately Intangible assets with finite useful lives that are acquired separately are carried at costs less accumulated amortization and any accumulated impairment losses. Amortization for intangible assets with finite useful lives is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets acquired in a business combination Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date (which is regarded as their cost). Subsequent to initial recognition, intangible assets acquired in a business combination with finite useful lives are reported at costs less accumulated amortization and any accumulated impairment losses being their fair value at the date of the revaluation less subsequent accumulated amortization and any accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Intangible assets acquired in a business combination with indefinite useful lives are carried at cost less any subsequent accumulated impairment losses. An intangible asset is derecognized on disposal, or when no future economic benefits are expected from use or disposal. Gains and losses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognized in profit or loss when the asset is derecognized. Taxation Income tax comprises current and deferred tax. Income tax relating to items recognized outside profit or loss is recognized outside profit or loss, either in other comprehensive income or directly in equity. Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period, taking into consideration interpretations and practices prevailing in the countries in which the Group operates. Deferred tax is provided, using the liability method, on all temporary differences at the end of the reporting period between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Financial instruments - Investments and other financial assets The Group’s financial assets are classified into financial assets at fair value through profit or loss and loans and receivables. The classification depends on nature and purpose of financial assets and is determined at the time of initial recognition. Financial assets at fair value through profit or loss Equity investments are generally measured at fair value with changes in fair value recognized through profit or loss. Loans and receivables Loans and receivables are classified as either held-for-sale or held-for-investment. When the Group holds an originated or purchased loans or receivables for which it has the intent and ability to hold for the foreseeable future or to maturity or payoff, the loans or receivables should be classified as held-for-investment. Loans and receivables held-for-investment are measured at their amortized cost. If the Group intends to sell loans or receivables, the loans or receivables should be classified as held for sale. Loans and receivables classified as loans held for sale are measured at the lower of cost or fair value, or carried at fair value if the fair value option is elected. All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the consolidated statements of profit or loss when the asset is derecognized, modified or impaired. The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating interest income and interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts and payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the consolidated statements of financial position at fair value with net changes in fair value recognized in profit or loss. This category includes derivative instruments and equity investments which the Group had not irrevocably elected to classify at fair value through other comprehensive income. Dividends income which is derived from Group’s ordinary course of business is recognized as revenue in the consolidated statements of profit or loss when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably. Derecognition of financial assets Financial assets are derecognized when the Group surrenders control over those assets. The Group has surrendered control over transferred assets only if all the following conditions are met. ● Legal control: The transferred assets is isolated from the Group, i.e. put legally beyond the reach of the Group. ● Actual control: (i) the transferee has the right to pledge or exchange the assets (or beneficial interests) that it received; and (ii) no condition both (a) constrains the transferee from taking advantage of its right to pledge or exchange and (b) provides more than a trivial benefit to the Group. ● Effective control: The Group does not maintain effective control over the transferred financial assets or third party beneficial interests related to those transferred assets. In derecognizing a transferred financial assets, a gain or loss is recognized based on the difference between the carrying amount of the financial assets of the carrying amount and the sum of the proceeds received for the asset or the participating interest derecognized. Impairment of financial assets The Group utilizes the current expected credit losses (“CECL”) model to determine an allowance that reflects its best estimate of the expected credit losses on accounts receivable, deposits and other receivables, amount due from AMTD Group, pledged bank deposits, fiduciary bank balance and bank balances. The CECL model is prepared after considering historical experience, current conditions, and reasonable and supportable economic forecasts to estimate expected credit losses. Accounts receivable, deposits and other receivables, amount due from AMTD Group, pledged bank deposits, fiduciary bank balance and bank balances are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded as a reduction of bad debt expense. The Group uses simplified flow rate matrix approach to estimate expected credit losses for the accounts receivable. The allowance for credit loss is estimated for accounts receivable that share similar risk characteristics based on a collective assessment using a combination of measurement models and management judgment. The approach considers factors including historical aging schedule and forward-looking macroeconomic conditions. The allowance for expected credit loss is disclosed accordingly in the relevant notes. General approach The CECL model is based on a single measurement approach of full lifetime CECL throughout the life of an instrument. Interest income is calculated based on the gross carrying amount of the financial asset unless the financial asset is credit-impaired, in which case interest income is calculated based on amortized cost of the financial asset. Credit-impaired financial assets A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events: a) significant financial difficulty of the issuer or the borrower; b) a breach of contract, such as a default or past due event; c) the lender(s) of the borrower, for economic or contractual reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider; d) it is becoming probable that the borrower will enter bankruptcy or other financial reorganization; or e) the disappearance of an active market for that financial asset because of financial difficulties. Write-off policy The Group writes off a financial asset when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, for example, when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Group’s recovery procedures, taking into account legal advice where appropriate. A write-off constitutes a derecognition event. Any subsequent recoveries are recognized in profit or loss. Measurement and recognition of CECL The measurement of CECL is a function of the probability of default, loss given default (i.e. the magnitude of the loss if there is a default) and the exposure at default. The assessment of the probability of default and loss given default is based on historical data and forward-looking information. Estimation of CECL reflects an unbiased and probability-weighted amount that is determined with the respective risks of default occurring as the weights. Generally, the CECL is the difference between all contractual cash flows that are due to the Group in accordance with the contract and the cash flows that the Group expects to receive, disc

Key Sources of Estimation Uncer

Key Sources of Estimation Uncertainty	12 Months Ended
	Oct. 31, 2024
Key Sources of Estimation Uncertainty [Abstract]
KEY SOURCES OF ESTIMATION UNCERTAINTY	4. KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the Group’s accounting policies, which are described in note 3, the Company is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the end of each reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Fair value of unlisted equity investments and movie income right investments The Group’s unlisted equity instruments and movie income right investments are measured at fair value with fair value being determined based on significant unobservable inputs using valuation techniques. Judgment and estimation are required in establishing the relevant valuation techniques and the relevant inputs thereof. Changes in assumptions relating to these factors could result in material adjustments to the fair value of these instruments. Impairment assessment of intangible assets Determining whether intangible assets are impaired requires an estimation of the recoverable amount of the cash-generating unit to which intangible assets have been allocated, which is the higher of the value in use or fair value less costs of disposal. The value in use calculation requires the Group to estimate the future undiscounted cash flows from the cash-generating unit in order to calculate the present value. Where the actual future revenue are less than expected, or change in facts and circumstances which results in downward revision of future cash flows or upward revision of discount rate, a material impairment loss or further impairment loss may arise. Details of the impairment assessment of intangible assets are disclosed in note 17. Credit risk management and CECL estimation Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group has adopted a policy of only dealing with creditworthy counterparties, as a means of mitigating the risk of financial loss from defaults. The Group’s exposure of its counterparties is continuously monitored and the aggregate value of transactions concluded is spread amongst approved counterparties. Credit exposure is controlled by counterparty limits that are reviewed and approved by the management periodically. The carrying amount of financial assets recorded in the consolidated financial statements, grossed up for any allowances for losses, represents the Group’s maximum exposure to credit risk. The credit risk on pledged bank deposits, fiduciary bank balances and bank balances is limited because the counterparties are mainly banks with sound credit. The directors of the Company consider the credit risk on accounts receivable and deposits and other receivables are not significant after considering settlement pattern, counterparties’ financial background and creditability. The directors of the Company make individual assessment on AMTD Group based on historical settlement records, past experience, and also quantitative and qualitative information that are reasonable and supportive forward-looking information (i.e. the forecasted default rate expected by the international credit-rating agencies). As of October 31, 2024, the CECL of financial assets is considered insignificant.

Revenue

Revenue	12 Months Ended
	Oct. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	5. REVENUE Disaggregation of revenue from contracts with customers Year ended April 30, 2022 Segments Digital solutions Media and Total US$ US$ US$ Types of services Digital solutions services – insurance brokerage services 1,514 — 1,514 – other digital solutions services 23,689 23,689 Media and entertainment services – fashion, arts and luxury media advertising services — 68 68 Total 25,203 68 25,271 Timing of revenue recognition A point in time 1,514 — 1,514 Over time 23,689 68 23,757 Total 25,203 68 25,271 Year ended April 30, 2023 Segments Digital solutions Hotel Media and Total US$ US$ US$ US$ Types of services Digital solutions services – insurance brokerage services 1,540 — — 1,540 – other digital solutions services 28,037 — — 28,037 Media and entertainment services – fashion, arts and luxury media advertising services — — 1,294 1,294 Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income — 2,195 — 2,195 Total 29,577 2,195 1,294 33,066 Timing of revenue recognition A point in time 1,540 — — 1,540 Over time 28,037 2,195 1,294 31,526 Total 29,577 2,195 1,294 33,066 Six months ended October 31, 2023 Segments Digital solutions Hotel Media and Total US$ US$ US$ US$ Types of services Digital solution services — insurance brokerage services 486 — — 486 — other digital solutions services 1,278 — — 1,278 Media and entertainment services – fashion, arts and luxury media advertising services — — 27 27 Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services — 6,882 — 6,882 Total 1,764 6,882 27 8,673 Timing of revenue recognition A point in time 486 — — 486 Over time 1,278 6,882 27 8,187 Total 1,764 6,882 27 8,673 Year ended October 31, 2024 Segments Digital solutions Hotel Media and Total US$ US$ US$ US$ Types of services Digital solutions services – insurance brokerage services 851 - - 851 – other digital solutions services 2,562 - - 2,562 Media and entertainment services – fashion, arts and luxury media advertising services - - 4 4 Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income - 19,397 - 19,397 Total 3,413 19,397 4 22,814 Timing of revenue recognition A point in time 851 - - 851 Over time 2,562 19,397 4 21,963 Total 3,413 19,397 4 22,814

Operating Segments

Operating Segments	12 Months Ended
	Oct. 31, 2024
Operating Segments [Abstract]
OPERATING SEGMENTS	6. OPERATING SEGMENTS The Group operates its businesses in three operating segments: digital solutions services segment, hotel operations, hospitality and VIP services segment and media and entertainment services. The following summary describes the operations in each of the Group’s reportable segment. (a) Digital solutions services: The Group provides its institutional and corporate clients with exclusive, paid access to enhance their investor communication, investor relations and corporate communication to potentially maximize their valuation, as well as providing digital solution services; (b) Hotel operations, hospitality and VIP services segment: The Group engages in hotel investments, hotel operations, hospitality and VIP services since the acquisition of WME Assets Group (formerly known as AMTD Assets Group) (“WME Assets”) in February 2023; and (c) The media and entertainment services segment: The Group engages in the provision of print and digital advertising campaigns, licensing, and value-added marketing services including branded content, video production, social media activation, event creation, and experiential marketing, among other services. This segment also includes investments and management of global investment portfolio (including listed and unlisted equity shares investments and movie income right investments). Segment revenues and results The following is an analysis of the Group’s revenues and results by operating and reportable segments: For the year ended April 30, 2022 Digital solutions Media and entertainment services Consolidated US$ US$ US$ Segment revenue Revenue from external customers 23,477 68 23,545 Revenue from related parties 1,726 — 1,726 Changes in fair value on financial assets measured at FVTPL — 16,940 16,940 Total segment revenue 25,203 17,008 42,211 Segment profits 17,649 17,491 35,140 Unallocated: Other income 4 Other gains and losses 609 Corporate expenses (6,883 ) Profit before tax 28,870 For the year ended April 30, 2023 Digital solutions Hotel Media and entertainment services Consolidated US$ US$ US$ US$ Segment revenue Revenue from external customers 27,349 2,195 1,294 30,838 Revenue from related parties 2,228 — — 2,228 Changes in fair value on financial assets measured at FVTPL — — 15,386 15,386 Total segment revenue 29,577 2,195 16,680 48,452 Segment profits (losses) 21,557 (1,185 ) 19,287 39,659 Unallocated: Other income 13,330 Other gains and losses 153 Corporate expenses (7,844 ) Profit before tax 45,298 For the six months ended October 31, 2023 Digital solutions Hotel Media and entertainment services Consolidated US$ US$ US$ US$ Segment revenue Revenue from external customers 453 6,882 27 7,362 Revenue from related parties 1,311 — — 1,311 Changes in fair value on financial assets measured at FVTPL — — 16,279 16,279 Total segment revenue 1,764 6,882 16,306 24,952 Segment (losses) profits (221 ) (2,189 ) 16,114 13,704 Unallocated: Other income 8,988 Other gains and losses 14,342 Corporate expenses (4,257 ) Profit before tax 32,777 For the year ended October 31, 2024 Digital solutions Hotel Media and entertainment services Consolidated US$ US$ US$ US$ Segment revenue Revenue from external customers 810 19,397 4 20,211 Revenue from related parties 2,603 - - 2,603 Dividend income - - 634 634 Changes in fair value on financial assets measured at FVTPL - - (3,003 ) (3,003 ) Total segment revenue 3,413 19,397 (2,365 ) 20,445 Segment profits (losses) 2,423 (3,029 ) (2,365 ) (2,971 ) Unallocated: Other income 20,020 Other gains and losses 37,000 Corporate expenses (11,589 ) Profit before tax 42,460 The accounting policies of the operating segments are the same as the Group’s accounting policies described in note 3. Segment profits (losses) represents the profit earned by/loss from each segment without allocation of certain other income, other gains and losses, corporate expenses, including central administration costs and directors’ emoluments. This is the measure reported to the chief operating decision maker for the purposes of resources allocation and performance assessment. Since the acquisition of World Media and Entertainment Universal Inc. (“WM&E”) in October 2024 as disclosed in note 13, the chief operating decision maker starts to review the segment performance and resources allocation based on the analysis on segment assets and asset liabilities. As such, segment assets and segment liabilities are presented in the current year, and the prior period segment assets and liabilities disclosures have been reclassified to conform with current year’s presentation. October 31, 2024 2023 US$ US$ Segment assets Digital solution services 662 399 Hotel operations, hospitality and VIP services 260,965 86,061 Media and entertainment services 160,293 6,293 Total segment assets 421,920 92,753 Unallocated corporate assets 81,011 444,744 Total assets 502,931 537,497 Segment liabilities Digital solution services 408 778 Hotel operations, hospitality and VIP services 284,847 106,490 Media and entertainment services 5,179 37 Total segment liabilities 290,434 107,305 Unallocated corporate liabilities 53,738 51,996 Total liabilities 344,172 159,301 Geographical information During the year ended April 30, 2022, the Group’s revenue from customers, based on the location of services, are US$25,158 and US$113 which are derived from Hong Kong and Singapore, respectively. During the year ended April 30, 2023, the Group’s revenue from customers, based on the location of services, are US$31,736, US$1,107 and US$223 which are derived from Hong Kong, Americas and Singapore, respectively. During the six months ended October 31, 2023, the Group’s revenue from customers, based on the location of services, are US$4,536, US$4,067 and US$70 which are derived from Hong Kong, Americas and Singapore, respectively. The Group’s non-current assets, excluding non-current financial instruments, based on the location of assets/operations, of US$69,871 and US$16,775 reside in Hong Kong and Singapore, respectively, as of October 31, 2023. During the year ended October 31, 2024, the Group’s revenue from customers, based on the location of services, are US$9,240, and US$13,574 which are derived from Hong Kong and Singapore, respectively. The Group’s non-current assets, excluding non-current financial instruments, based on the location of assets/operations, of US$69,045, US$189,907, US$119,524 and US$15,227 reside in Hong Kong, Singapore, Europe and Americas, respectively, as of October 31, 2024.

Finance Costs

Finance Costs	12 Months Ended
	Oct. 31, 2024
Finance Costs [Abstract]
FINANCE COSTS	7. FINANCE COSTS Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Interest on bank borrowings 9,098 617 769 — Interest on amount due to a non-controlling shareholder 1,228 2,786 426 — 10,326 3,403 1,195 —

Other Income

Other Income	12 Months Ended
	Oct. 31, 2024
Other Income [Abstract]
OTHER INCOME	8. OTHER INCOME Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Bank and other interest income 20,020 8,988 15,945 743 Government grant — — 56 117 Others — — 51 7 20,020 8,988 16,052 867

Other Gains and Losses, Net

Other Gains and Losses, Net	12 Months Ended
	Oct. 31, 2024
Other Income [Abstract]
OTHER GAINS AND LOSSES, NET	9. OTHER GAINS AND LOSSES, NET Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Net exchange (loss) gain (222 ) (356 ) 151 589 Recovery of accounts and other receivables written off — 1 2 20 Gain on disposal of subsidiaries 37,222 14,697 — — 37,000 14,342 153 609 During the six months ended October 31, 2023, the Company disposed of certain subsidiaries which were principally engaged in digital solution services. During the year ended October 31, 2024, the Company disposed of certain subsidiaries which were principally engaged in digital solution services and hotel operation.

Income Tax Expense

Income Tax Expense	12 Months Ended
	Oct. 31, 2024
Income Tax Expense [Abstract]
INCOME TAX EXPENSE	10. INCOME TAX EXPENSE Year ended Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Hong Kong Profits Tax - Current tax 717 1,393 4,630 3,207 - Under(over) provision in prior years - 704 (5 ) (36 ) Withholding tax charge for the year/period 68 - - - Deferred tax credit - (106 ) (140 ) (141 ) 785 1,991 4,485 3,030 Under the two-tiered profits tax rates regime in Hong Kong, the first HK$2 million of profits of the qualifying group entity is taxed at 8.25%, and profits above HK$2 million is taxed at 16.5%. The profits of group entities not qualifying for the two-tiered profits tax rates regime continue to be taxed at a flat rate of 16.5%. Singapore CIT is calculated at 17.0% on the estimated assessable profit. No provision for taxation in Singapore has been made as the relevant group entities have no assessable profits during the year/period. In the United States, the federal corporate tax rate is a flat rate of 21% during the year. New York, the location of a group entity domicile, has a 6.50% to 8.85% corporate income tax rate during the year. The income tax expense for the year/period can be reconciled to the profit before tax per the consolidated statements of profit or loss and other comprehensive income as follows: Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Profit before tax 42,460 32,777 45,298 28,870 Tax at the domestic income tax rate of 16.5% 7,006 5,408 7,474 4,764 Tax effect of income not taxable for tax purpose (8,670 ) (5,325 ) (3,070 ) (3,168 ) Tax effect of expenses not deductible for tax purpose 963 58 51 1,010 Tax effect of share of losses of joint ventures 225 220 66 — Tax effect of tax losses not recognized 1,193 931 289 457 Utilization of tax losses previously not recognized - — (298 ) — Under(over) provision in prior years - 704 (5 ) (36 ) Withholding tax on dividend income 68 - - - Effect of different tax rates of subsidiaries operating in other jurisdictions - (5 ) (20 ) 3 Others - — (2 ) — Income tax expense for the year/period 785 1,991 4,485 3,030

Profit for the Year_Period

Profit for the Year/Period	12 Months Ended
	Oct. 31, 2024
Profit for the Year/Period [Abstract]
PROFIT FOR THE YEAR/PERIOD	11. PROFIT FOR THE YEAR/PERIOD Profit for the year/period has been arrived at after charging: Year ended Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Staff costs Salaries, allowances and other benefits 4,991 2,997 9,735 9,125 Retirement benefit scheme contributions (note) 66 77 133 168 Share of losses of joint ventures (including in other expenses) 1,363 1,366 404 — Cost of hotel operations and related expenses (included in other expenses) 8,331 3,644 1,505 — Depreciation and amortization 5,642 1,441 1,312 846 Note: The Group operates a Mandatory Provident Fund Scheme and Central Provident Fund Scheme for all qualifying employees in Hong Kong and Singapore, respectively. The assets of the schemes are held separately from those of the Group, in funds under the control of trustees.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Oct. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	12. EARNINGS PER SHARE The calculation of the basic and diluted earnings per share attributable to owners of the Company is based on the following data: Year ended Six months Year ended April 30, Earnings figures are calculated as follows: 2024 2023 2023 2022 US$ US$ US$ US$ Earnings for the purpose of basic and diluted earnings per share 44,443 31,940 42,059 27,493 Year ended Six months Year ended April 30, Number of shares 2024 2023 2023 2022 Weighted average number of ordinary shares for the purpose of basic earnings per share 76,748,858 76,602,929 74,159,933 67,579,432 Effect of dilutive potential ordinary shares - restricted ordinary shares and restricted shares unit 56,250 51,941 47,236 28,492 Weighted average number of ordinary shares for the purpose of diluted earnings per share 76,805,108 76,654,870 74,207,169 67,607,924

Acquisitions of Subsidiaries

Acquisitions of Subsidiaries	12 Months Ended
	Oct. 31, 2024
Basis of Preparation [Abstract]
ACQUISITIONS OF SUBSIDIARIES	13. ACQUISITIONS OF SUBSIDIARIES (a) Acquisition of WME Assets in 2023 In August 2022, AMTD IDEA Group and the Company entered into certain agreements pursuant to which the Company acquired 96.1% of the equity interest in WME Assets, which holds a global portfolio of premium whole building properties, from AMTD Group, the consideration comprised of the issuance of 515,385 Class B ordinary shares of the Company (“Consideration Shares”). This acquisition enabled the Group’s expansion to hotel operations, hospitality and VIP services business. Upon the completion of the transaction, WME Assets was consolidated by Company since February 6, 2023 based on business combination under common control using predecessor accounting prospectively. The difference between the consideration and the net asset value of WME Assets, amounting to approximately US$274,831, was recorded in capital reserve within the consolidated statement of changes in equity. The Consideration Shares were settled by treasury shares of the Company with repurchase price of US$266,647. No Assets acquired and liabilities recognized at the date of acquisition: US$ Interests in joint ventures 24,726 Property, plant and equipment 135,592 Cash and cash equivalents 3,860 Accounts receivable 527 Prepayments, deposits and other receivables 20,365 Amount due from a non-controlling shareholder 637 Accounts payable (311 ) Other payables and accruals (1,582 ) Contract liabilities (688 ) Bank borrowings (50,849 ) Amount due to a non-controlling shareholder (53,464 ) Amount due to AMTD Group (81,972 ) (3,159 ) Reserves arising on acquisition: Consideration transferred 266,647 Plus: non-controlling interests of WME Assets (336 ) Plus: non-controlling interests of WME Assets’ subsidiaries 5,361 Less: recognized amounts of net assets acquired 3,159 274,831 Net cash inflow on acquisition of WME Assets: Cash consideration paid — Add: cash and cash equivalent balances acquired 3,860 3,860 (b) Acquisition of World Media and Entertainment Universal Inc. in 2024 During the year ended October 31, 2024, WM&E underwent reorganization with AMTD IDEA and the Company. Before the reorganization, WM&E was the subsidiary of AMTD IDEA. In October 2024, WM&E issued additional shares to the Company in return of 21,485,714 Class A ordinary shares of the Company. Upon the completion of the reorganization, WM&E becomes the subsidiary of the Company. Upon completion of the organization by WM&E, WM&E owns the business of “L’Officiel”, “The Art Newspaper”, WME Assets, WME Direct Investments Limited (including the movie income rights investments), certain listed equity instruments and certain properties. As such, certain business units under WM&E are then consolidated by the Company including but not limited to the business of “L’Officiel” and “The Art Newspapers” from the media and entertainment segment and a property. The consolidation is based on business combination under common control using predecessor accounting prospectively. The net asset value of WM&E attributable to the owners of the Company, amounting to approximately US$48,669, was recorded in capital reserve and US$58,484 was recorded in non-controlling interests within the consolidated statement of changes in equity. On the other hand, the controlling interests in WME Assets and WME Direct Investments Limited and its subsidiary are transferred from the Company to WM&E upon the completion of the reorganization. Due to the Company’s change in the effective shareholding in WME Assets and WME Direct Investments Limited, it resulted in an increase in non-controlling interests of US$17,216 with a corresponding debit to capital reserve attributable to the owners of the Company. Also, when the Company issued its shares to WM&E, a recognition of US$102,610 which is an allocation of the Company’s shares attributable to the non-controlling interests of WM&E was recorded and a corresponding debit to capital reserve attributable to the owners of the Company. No acquisition-related cost has been recognized as an expense for the year ended October 31, 2024. Assets acquired and liabilities recognized at the date of acquisition: US$ Property, plant and equipment 15,496 Intangible assets 119,108 Financial assets at FVTPL 6,813 Accounts receivable 3,968 Prepayments, deposits and other receivables 225 Cash and cash equivalents 4,784 Accounts payables (714 ) Other payables and accruals (4,023 ) Contract liabilities (423 ) Amount due to AMTD Group (21,326 ) Tax liabilities (17 ) Bank borrowings (11,086 ) Deferred tax liability (5,652 ) Net assets acquired 107,153 Less: non-controlling interests of WM&E (58,484 ) Other reserve attributable to the owners of the Company 48,669 Net cash inflow on acquisition of WM&E: Cash and cash equivalent balances acquired 4,784 (c) Consolidation of Singapore hotel companies in 2024 On April 1, 2024, the Group agreed with the remaining shareholder of Singapore hotel companies that the Group owns the controlling interests of Singapore hotel companies. Accordingly, Singapore hotel companies became non-wholly owned subsidiaries of the Group without a change of the percentage of ownership. Assets acquired and liabilities recognized at the date of acquisition: US$ Property, plant and equipment 189,826 Accounts receivable 920 Prepayments, deposits and other receivables 622 Cash and cash equivalents 4,273 Accounts payables (116 ) Other payables and accruals (467 ) Provisions (1,406 ) Contract liabilities (471 ) Amount due to shareholders (47,157 ) Tax liabilities (214 ) Bank borrowings (159,722 ) Non-controlling interests 6,817 Net assets acquired (7,095 ) Interests in joint venture eliminated (7,095 ) The fair values and gross contractual amounts of accounts receivable and other receivables at the date of acquisition amounted to approximately US$920 and US$622, respectively. No accounts receivable and other receivables were expected to be uncollectible. Net cash inflow on consolidation of Singapore hotel companies: Cash and cash equivalent balances acquired 4,273

Assets Classified as Held for S

Assets Classified as Held for Sale/ Liabilities Associated with Assets Classified as Held for Sale	12 Months Ended
	Oct. 31, 2024
Assets Classified as Held for Sale/ Liabilities Associated with Assets Classified as Held for Sale [Abstract]
ASSETS CLASSIFIED AS HELD FOR SALE/ LIABILITIES ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE	14. ASSETS CLASSIFIED AS HELD FOR SALE/ LIABILITIES ASSOCIATED WITH ASSETS CLASSIFIED AS HELD FOR SALE In April 2023, the Company entered into an agreement to dispose of part of its digital solutions services — financial services. In October 2023, the Company intended to dispose of part of its hotel operations, hospitality and VIP services. The assets and liabilities attributable to these businesses, which are expected to be sold within twelve months, have been classified as disposal groups held for sale and are presented separately in the consolidated statement of financial position (see below). The disposal group is part of the Group’s digital solutions services and part of hotel operations, hospitality and VIP services as of October 31, 2023. The net proceeds of disposal are expected to exceed the net carrying amount of the relevant assets and liabilities, accordingly, no impairment loss has been recognized. Both disposal groups are disposed subsequently to October 31, 2023. The major classes of assets and liabilities of the disposal groups classified as held for sale are as follows: As of US$ Goodwill 7,500 Property, plant and equipment 62,953 Intangible assets 3,099 Accounts receivable 530 Prepayments, deposits and other receivables 214 Due from a minority shareholder of subsidiaries 2,182 Fiduciary bank balances 321 Cash and cash equivalents 246 Total assets classified as held for sale 77,045 Accounts payable (484 ) Due to AMTD Group (15,233 ) Other payables and accruals (1,668 ) Deferred tax liability (527 ) Total liabilities associated with assets classified as held for sale (17,912 )

Interests in Joint Ventures

Interests in Joint Ventures	12 Months Ended
	Oct. 31, 2024
Interests in Joint Ventures [Abstract]
INTERESTS IN JOINT VENTURES	15. INTERESTS IN JOINT VENTURES As of October 31, 2024 2023 US$ US$ Cost of investments in joint ventures net of accumulated share of loss and other comprehensive expense - (6,999 ) Due from joint ventures - 23,774 - 16,775 Amounts due from joint ventures are unsecured, interest-free and repayable on demand. Details of material joint ventures as at October 31, 2023 are as follows: Name Place of Percentage of Principal activity DHI Holdings (S) Pte Ltd. Singapore 51 % Hotel operations, hospitality and VIP services in Singapore On April 1, 2024, the Group agreed with the remaining shareholder of Singapore hotel companies that the Group owns the controlling interests in the Singapore hotel companies. Accordingly, the Singapore hotel companies became the non-wholly owned subsidiaries of the Group without change in the percentage of ownership. Please refer to note 13(c) for the details of the consolidation of Singapore hotel companies. The following table illustrates the summarized financial information in respect of the joint ventures adjusted for any differences in accounting policies and reconciled to the carrying amount in the consolidated financial statements: As of October 31, 2024 2023 US$ US$ Total assets — 196,343 Total liabilities — (210,067 ) Net liabilities — (13,724 ) Proportion of the Group’s ownership N/A 51 % Group’s share of net assets of joint ventures — (6,999 ) Due from joint ventures — 23,774 Interests in joint ventures — 16,775 Additional information of the joint ventures Cash and cash equivalents — 4,117 Amounts due to shareholders — (46,415 ) Bank borrowings — (157,818 ) November 1, May 1, US$ US$ Revenue 9,417 11,997 Loss for the period (2,726 ) (2,678 ) Other comprehensive income for the period 2,624 227 Total comprehensive expense for the period (102 ) (2,451 )

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Oct. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	16. PROPERTY, PLANT AND EQUIPMENT Properties Computer Right-of-use Total US$ US$ US$ US$ COST As of May 1, 2023 134,490 24 - 134,514 Additions 17 - - 17 Disposal of subsidiaries - (2 ) - (2 ) Reclassified as held for sale (63,575 ) - - (63,575 ) Exchange realignment (502 ) - - (502 ) As of October 31, 2023 70,430 22 - 70,452 Additions 48 111 - 159 Acquisition of subsidiaries 204,389 758 175 205,322 Exchange realignment 4,504 2 - 4,506 As of October 31, 2024 279,371 893 175 280,439 ACCUMULATED DEPRECIATION As of May 1, 2023 469 18 - 487 Provided for the period 995 3 - 998 Disposal of subsidiaries - (1 ) - (1 ) Reclassified as held for sale (625 ) - - (625 ) Exchange realignment - 1 - 1 As of October 31, 2023 839 21 - 860 Provided for the year 5,100 59 - 5,159 Exchange realignment (16 ) (12 ) - (28 ) As of October 31, 2024 5,923 68 - 5,991 CARRYING VALUES As of October 31, 2023 69,591 1 - 69,592 As of October 31, 2024 273,448 825 175 274,448 The property, plant and equipment are depreciated on a straight-line basis over their estimated useful lives as follows: Computer equipment 5 years Right-of-use assets Over the lease term Properties Over the shorter of the useful life ranged 40-75 years and the remaining lease terms Properties of US$69,591 and US$273,448 were pledged for bank borrowings (note 21) as at October 31, 2023 and October 31, 2024, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Oct. 31, 2024
Intangible Assets [Abstract]
INTANGIBLE ASSETS	17. INTANGIBLE ASSETS Archived Developed Brand Total US$ US$ US$ US$ COST As of May 1, 2023 and October 31, 2023 - 154 175 329 Acquisition of subsidiaries 502 - 118,606 119,108 Exchange realignment - - 2 2 As of October 31, 2024 502 154 118,783 119,439 ACCUMULATED AMORTIZATION As of May 1, 2023 - - 17 17 Charge for the period - 29 4 33 As of October 31, 2023 - 29 21 50 Charge for the year - 124 9 133 Exchange realignment - 1 - 1 As of October 31, 2024 - 154 30 184 CARRYING VALUES As of October 31, 2023 - 125 154 279 As of October 31, 2024 502 - 118,753 119,255 The above carrying amounts of brand names of US$118,606 and archived images of US$502 as of October 31, 2024 are considered by the directors of the Company as having an indefinite useful life because it is expected to contribute to net cash inflows indefinitely. The brand names and archived images will not be amortized until its useful life is determined to be finite. Instead, they will be tested for impairment annually and whenever there is an indication that it may be impaired. The remaining brand name of US$154 and US$147, respectively, as of October 31, 2023 and 2024 are amortized on a straight-line basis of 20 years and the developed technology are amortized on straight-line basis of 7 years. As of October 31, 2024, carrying amount of brand name of US$92,670 and archived images of US$502, are allocated to cash-generating unit of the business unit under “L’Officiel”. For the purpose of impairment testing, the recoverable amount of this cash-generating unit has been determined based on a value in use calculation. That calculation uses undiscounted cash flow projections based on financial budgets approved by management covering a 5-year period. Cash flows beyond the 5-year period are extrapolated using a steady 1.6% to 2.1% growth rate. This growth rate is based on the relevant industry growth forecasts and does not exceed the average long-term growth rate for the relevant industry. Other key assumptions for the value in use calculations relate to the estimation of cash inflows/outflows which include budgeted sales and gross margin, such estimation is based on the L'Officiel's past performance and management's expectations for the market development. As of October 31, 2024, carrying amount of brand name of approximately US$25,936 are allocated to cash-generating unit of the business unit under “The Art Newspaper”. For the purpose of impairment testing, the recoverable amount of this cash-generating unit has been determined based on a value in use calculation. That calculation uses undiscounted cash flow projections based on financial budgets approved by management covering a 5-year period. Cash flows beyond the 5-year period are extrapolated using a steady 1.8% to 2.1% growth rate. This growth rate is based on the relevant industry growth forecasts and does not exceed the average long-term growth rate for the relevant industry. Other key assumptions for the value in use calculations relate to the estimation of cash inflows/outflows which include budgeted sales and gross margin, such estimation is based on The Art Newspaper’s past performance and management's expectations for the market development. Based on the result of the above assessments, management of the Group determined that the recoverable amount of the cash-generating unit is higher than the carrying amount and there is no impairment of the related intangible assets allocated to cash-generating unit. Management of the Group believes that any reasonably possible changes in any of these assumptions would not cause the carrying amount of cash-generating unit to exceed its recoverable amount.

Financial Assets at FVTPL

Financial Assets at FVTPL	12 Months Ended
	Oct. 31, 2024
Financial Assets at FVTPL [Abstract]
FINANCIAL ASSETS AT FVTPL	18. FINANCIAL ASSETS AT FVTPL As of October 31, 2024 2023 US$ US$ Unlisted equity securities 1,191 488 Listed equity securities 23,485 - Movie income right investments (note (ii)) 12,123 5,523 36,799 6,011 Presented as: Current 12,123 5,723 Non-current (note (i)) 24,676 288 36,799 6,011 Notes: (i) The Company classified certain equity securities as non-current when these equity securities are held for long-term purposes and would realize their performance potential in the long run. (ii) The Group entered into movie income right agreements with certain production houses. In accordance with the relevant agreements, the Group is entitled to certain percentage of the profit to be derived from the release of the films upon entering into the agreement. The Group may be required to further contribute to the film program due to the budget overruns. Any agreed further contribution to the film program due to the budget overruns will be added to the carrying amounts of financial assets. During the six months ended October 31, 2023, the Group disposed financial assets measured at FVTPL to an independent third party at a consideration of US$25,550 and resulting in a gain on disposal of US$16,281.

Accounts Receivable, Prepayment

Accounts Receivable, Prepayments, Deposits and Other Receivables	12 Months Ended
	Oct. 31, 2024
Accounts Receivable, Prepayments, Deposits and Other Receivables [Abstract]
ACCOUNTS RECEIVABLE, PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES	19. ACCOUNTS RECEIVABLE, PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES As of October 31, 2024 2023 US$ US$ Accounts receivable arising from the digital solutions services 662 403 Accounts receivable arising from media and entertainment services 3,970 - Accounts receivable from hotel operations, hospitality and VIP services 2,013 531 Total accounts receivable 6,645 934 Consideration receivable on disposal - 34,133 Prepayments 1,337 1,053 Deposits 236 251 Note receivables - 150 Other receivables 1,093 240 Prepayments, deposits and other receivables 2,666 35,827 The Group allows a credit period ranging from 0 to 90 days to its accounts receivable arising from digital solutions services for the demand note/invoices issued according to the payment schedules. The Group allows a credit period of up to 90 days to its accounts receivables arising from media and entertainment services business. The normal settlement terms of accounts receivable from hotel operations, hospitality and VIP services are specific terms mutually agreed between the contracting parties. As of October 31, 2023 and 2024, included in the Group’s accounts receivable balance were debtors with aggregate carrying amounts of US$380 and US$2,237, respectively, which were past due as at the reporting date. As of October 31, 2023 and 2024, out of the past due balances, US$188 and US$1,030, respectively, had been past due 90 days or more. The management assessed that there has been no significant increase in credit risk nor risk of default because of the background of the debtors and historical payment arrangement with these debtors. The Group does not hold any collateral over these balances.

Accounts Payable, Other Payable

Accounts Payable, Other Payables and Accruals	12 Months Ended
	Oct. 31, 2024
Accounts Payable, Other Payables and Accruals [Abstract]
ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS	20. ACCOUNTS PAYABLE, OTHER PAYABLES AND ACCRUALS As of October 31, 2024 2023 US$ US$ Accounts payable arising from the digital solutions services 408 - Accounts payable arising from media and entertainment services 714 - Accounts payable arising from hotel operations, hospitality and VIP services 468 69 Total accounts payable 1,590 69 Payable to former subsidiaries - 15,346 Other payables and accruals 8,184 3,568 Interest payable 1,630 - Lease liabilities (note) 186 - Total other payables and accruals 10,000 18,914 Note: The weighted average incremental borrowing rate applied to lease liabilities

Bank Borrowings

Bank Borrowings	12 Months Ended
	Oct. 31, 2024
Bank Borrowings [Abstract]
BANK BORROWINGS	21. BANK BORROWINGS As of October 31, 2024 2023 US$ US$ US$ - unsecured - 15,000 US$ - secured 44,204 - Singapore dollars - secured 163,301 - Hong Kong dollars - secured 50,069 50,565 British Pound - unsecured 24 - 257,598 65,565 Presented as: Current 83,374 65,565 Non-current 174,224 - 257,598 65,565 As of October 31, 2023 and 2024, bank borrowings of US$65,565 and US$83,374 were repayable in one year or on demand, nil nil These bank borrowings carry a weighted average contractual interest rate of 6.96% p.a. and 4.32% p.a., respectively as of October 31, 2023 and 2024. As of October 31, 2023 and 2024, the Group had bank borrowings of US$50,565 and US$224,431, respectively, are secured by the Group’s properties with a carrying amount of US$69,501 and US$273,448, respectively, as of October 31, 2023 and 2024. As of October 31, 2023, the Group had a bank borrowing of US$15,000 is denominated in US$, which is unsecured, carries interest rate at 0.25% below daily Wall Street Journal Prime Rate and repayable within one year. As of October 31, 2024, the Group has bank borrowings of US$33,143 denominated in US$, which is secured by the pledged bank deposits of US$33,000, carries interest rate at an index indicated by the borrower bank and repayable within one year.

Contract Liabilities

Contract Liabilities	12 Months Ended
	Oct. 31, 2024
Contract Liabilities [Abstract]
CONTRACT LIABILITIES	22. CONTRACT LIABILITIES As of 2024 2023 US$ US$ Media and entertainment services income 424 — Hotel operations, hospitality and VIP services income 760 — 1,184 — Contract liabilities carried forward from each of the beginning of the reporting period are recognized as revenue during the next reporting period.

Deferred Tax Liability

Deferred Tax Liability	12 Months Ended
	Oct. 31, 2024
Deferred Tax Liability [Abstract]
DEFERRED TAX LIABILITY	23. DEFERRED TAX LIABILITY The following is the deferred tax liability recognized and movements thereon: Intangible US$ As of May 1, 2023 and October 31, 2023 — Acquisition of subsidiaries 5,652 As of October 31, 2024 5,652

Share Capital and Treasury Shar

Share Capital and Treasury Shares	12 Months Ended
	Oct. 31, 2024
Share Capital and Treasury Shares [Abstract]
SHARE CAPITAL AND TREASURY SHARES	24. SHARE CAPITAL AND TREASURY SHARES Class A ordinary shares Class B ordinary shares Total Treasury shares— Number of Share Number of Share Number of Share Number of Treasury shares US$ US$ US$ US$ Ordinary shares of US$0.0001 each Authorized As of October 31, 2023 and 2024 8,000,000,000 800 2,000,000,000 200 10,000,000,000 1,000 N/A N/A Issued and fully paid As of May 1, 2023 10,928,142 1 65,549,039 7 76,477,181 8 100,961 52,235 Issuance of shares (note (a)) 380,065 — — — 380,065 — — — As of October 31, 2023 11,308,207 1 65,549,039 7 76,857,246 8 100,961 52,235 Issuance of shares (note (b)) 21,485,714 2 192,307 — 21,678,021 2 (100,961 ) (52,520 ) Repurchases of shares (note (c)) — — (18,838,906 ) (2 ) (18,838,906 ) (2 ) 18,838,906 447,520 Shares owned by non-wholly owned subsidiaries (note (b)) — — — — — — 21,485,714 187,998 As of October 31, 2024 32,793,921 3 46,902,440 5 79,696,361 8 40,324,620 635,233 Notes: (a) During the six months ended October 31, 2023, the Company issued 380,065 Class A ordinary shares at a fair value of US$5,602 for the purpose of an acquisition of a company by the immediate holding company. (b) In December 2023, the Company transferred 100,961 treasury shares of the Company and issued 91,346 Class B ordinary shares to the immediate holding company at an aggregate consideration of US$100,000. In October 2024, the Company issued 21,485,714 Class A ordinary shares to WM&E at the consideration of US$188,000 for the purpose of the acquisition of the controlling stake of WM&E. As WM&E is a subsidiary of the Company, the shares of the Company owned by WM&E are then considered as treasury shares in consolidation. As of October 31, 2024, 18,838,906 Class B ordinary shares are owned by the Company and 21,485,714 Class B ordinary shares are owned by the subsidiary of the Company and both of them are classified as treasury shares in consolidation. (c) In December 2023 and October 2024, the Company repurchased 553,192 and 18,285,714 Class B ordinary shares from the immediate holding company, respectively, amounting to US$447,522 in aggregate.

Credit Risk and Impairment Asse

Credit Risk and Impairment Assessment	12 Months Ended
	Oct. 31, 2024
Credit Risk and Impairment Assessment [Abstract]
CREDIT RISK AND IMPAIRMENT ASSESSMENT	25. CREDIT RISK AND IMPAIRMENT ASSESSMENT Credit risk refers to the risk that the Group’s counterparties default on their contractual obligations resulting in financial losses to the Group. The Group’s credit risk exposures are primarily attributable to accounts receivable, other receivables and deposits, pledged bank deposits, bank balances, fiduciary bank balances and amounts due from AMTD Group and joint ventures. The Group does not hold any collateral or other credit enhancements to cover its credit risks associated with its financial assets. The Group performed impairment assessment for financial assets under CECL model. Information about the Group’s credit risk management, maximum credit risk exposures and the related impairment assessment, if applicable, is summarized as below: Accounts receivable In order to minimize the credit risk, the management of the Group has delegated a team responsible for determination of credit limits and credit approvals. In addition, the Group performs impairment assessment under CECL model on accounts receivable from digital solutions services with significant balances or credit-impaired individually. The remaining accounts receivable from digital solutions services, receivable from media and entertainment services and receivable from hotel operations, hospitality and VIP services are assessed collectively and grouped based on shared credit risk characteristics by reference to the Group’s past due status of outstanding balances, nature, size and industry of debtors and external credit ratings. The Company assesses the CECL of accounts receivable arising from the digital solutions services and accounts receivable from hotel operation services based on historical observed default rates over the expected life of the debtors and forward-looking information that is available without undue cost or effort. The forward-looking information is considered through the use of publicly available economic data and forecasts, including macroeconomic data such as GDP growth and unemployment rate. For six months ended October 31, 2023 and year ended October 31, 2024, the Group assessed the CECL on accounts receivable to be insignificant and thus no loss allowance is recognized. Fiduciary bank balances, bank balances and pledged bank deposits Credit risk on fiduciary bank balances, bank balances and pledged bank deposits is limited because the counterparties are reputable banks with high credit ratings assigned by international credit agencies. The Group assessed CECL for fiduciary bank balances, bank balances and pledged bank deposits by reference to information relating to probability of default and loss given default of the respective credit rating grades published by external credit rating agencies. Based on the average loss rates, the CECL on fiduciary bank balances, bank balances and pledged bank deposits is insignificant and therefore no allowance was recognized. Amounts due from AMTD Group The Group regularly evaluates the business performance of AMTD Group. The Group’s credit risks in these balances are considered low due to the strong financial position. The management believes that there are no significant increases in credit risk of these amounts since initial recognition and the Group provided impairment based on CECL. The Group assessed the CECL on amounts due from AMTD Group to be insignificant and thus no loss allowance is recognized. Other receivables and deposits For other receivables and deposits, the Group regularly reviews the recoverable amount of each individual debtor to ensure that adequate impairment losses are recognized for irrecoverable debts. The Group performs impairment assessment under CECL model on such other receivables and deposits individually. The Group believes that there is no significant increase in credit risk of these amounts since initial recognition and the Group provided impairment based on CECL. The Group assessed the CECL on other receivables and deposits are insignificant and thus no loss allowance is recognized.

Fair Value Measurement of Finan

Fair Value Measurement of Financial Instruments	12 Months Ended
	Oct. 31, 2024
Fair Value Measurement of Financial Instruments [Abstract]
FAIR VALUE MEASUREMENT OF FINANCIAL INSTRUMENTS	26. FAIR VALUE MEASUREMENT OF FINANCIAL INSTRUMENTS Some of the Group’s financial instruments are measured at fair value for financial reporting purposes. The management of the Company are responsible for determining the appropriate valuation techniques and inputs for fair value measurements. In estimating the fair value, the Group uses observable market data to the extent it is available. Where Level 1 inputs are not available, the Group makes reference to the prices of recent transactions or engages third-party qualified valuers to perform the valuation. The management of the Company works closely with the qualified external valuers to establish the appropriate valuation techniques and inputs to the model. The management reports the findings to the board of directors of the Company to explain the cause of fluctuations in the fair value. (i) Fair value of the Group’s financial assets that are measured at fair value on a recurring basis The Group’s investments in private equity are measured at fair value at the end of each reporting period. The following table gives information about how the fair values of these financial assets are determined (in particular, the valuation technique(s) and inputs used). Fair value as of October 31, Fair value Valuation technique(s) Financial assets 2024 2023 hierarchy and key inputs US$ US$ Financial assets at FVTPL - listed equity securities 23,485 - Level 1 Quoted prices in active market Financial assets at FVTPL - unlisted equity securities 1,191 488 Level 2 The fair values of unlisted equity investments are determined with reference to the recent transaction price of the investments. Movie income right investments 6,463 1,605 Level 2 The fair values of unlisted equity investments are determined with reference to the recent transaction price of the investments. Movie income right investments 5,660 3,918 Level 3 Income approach - in this approach, the discounted cash flow method was used to capture the present value of the expected future economic benefits to be derived from the investments in these movie income right investments, based on an appropriate discount rate. Reconciliation of Level 3 fair value measurements Movie US$ As of May 1, 2023 13,924 Total gains in profit or loss 16,281 Disposals (25,550 ) Exchange realignment (737 ) As of October 31, 2023 3,918 Transfer from Level 2 1,605 Exchange realignment 137 As of October 31, 2024 5,660 (ii) Fair value of financial assets and financial liabilities that are not measured at fair value on a recurring basis The Company considers that the carrying amount of the Group’s financial assets and financial liabilities recorded at amortized cost in the consolidated financial statements approximate their fair values due to the short-term nature of these instruments. Such fair values have been determined in accordance with generally accepted pricing models based on a discounted cash flow analysis.

Related Party Disclosures

Related Party Disclosures	12 Months Ended
	Oct. 31, 2024
Related Party Disclosures [Abstract]
RELATED PARTY DISCLOSURES	27. RELATED PARTY DISCLOSURES In addition to the transactions and balances disclosed elsewhere in the consolidated financial statements, the Group had the following significant related party transactions during the reporting period: Year ended October 31, Six months Year ended April 30, Relationship Nature of transactions 2024 2023 2023 2022 US$ US$ US$ US$ Ultimate holding company Insurance brokerage services 5 32 7 11 Ultimate holding company Digital solutions services 2,562 1,278 2,169 1,641 Ultimate holding company Corporate expenses allocated 1,865 1,533 1,212 910 Fellow subsidiaries Insurance brokerage services 36 1 52 74 Immediate holding company Repurchase of shares of the Company 447,522 — 318,882 — Ultimate holding company Interest income 13,923 6,154 6,612 — Compensation of key management personnel During the year ended October 31, 2024, the remuneration of key management personnel of the Company is approximately US$0.3 million. The remuneration of key management personnel is determined with regard to the performance of individuals and market trends. Centralized cash management and major non-cash transactions Treasury functions of the Group are conducted centrally under AMTD Group and inter-company fund transfers were carried out among the entities within AMTD Group. The treasury function manages available funds at AMTD Group level and allocates the funds to various entities within AMTD Group for their operations. In May and August 2019 and April 2021, certain entities within AMTD Group had entered into intercompany financing and offsetting agreements pursuant to which certain intercompany receivables and payables are to be netted-off for settlement purpose. These constituted material non-cash transactions. As of October 31, 2023 and 2024, the amount due from AMTD Group was unsecured, bearing interest of 2% per annum and repayable on demand. Centralized cash management and major non-cash transactions - (Continued) As of October 31, 2023 and 2024, the amounts due to non-controlling shareholders comprised of (i) interest bearing balance of US$7,669 and nil nil During the year ended April 30, 2023, the Group repurchased 616,346 Class B ordinary shares from its immediate holding company amounting to US$318,882. The consideration was settled through the current accounts with AMTD Group. During the year ended October 31, 2024, the Company repurchased 553,192 and 18,285,714 Class B ordinary shares from the immediate holding company, respectively, amounting to US$447,522 in aggregate. The consideration was settled through the current accounts with immediate holding company. During the year ended October 31, 2024, certain other receivables of US$116,430 and other payables of US$15,346, were settled through the current accounts with AMTD Group under the agreements between respective independent third parties, the Group and AMTD Group. During the year ended October 31, 2024, the Group acquired certain financial assets at FVTPL from the immediate holding company at a consideration of US$26,344 and was settled through the current accounts. During the year ended October 31, 2024, the Company transferred 100,961 treasury shares of the Company and issued 91,346 Class B ordinary shares to the immediate holding company with a consideration of US$100,000 and was settled through the current accounts.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Oct. 31, 2024
Share-Based Compensation [Abstract]
SHARE-BASED COMPENSATION	28. SHARE-BASED COMPENSATION On August 3, 2020, the Company granted 38,710 shares of Class A ordinary shares. The grant date fair value of Class A ordinary shares is determined based on recent transaction price of the Company’s equity share. On July 31, 2021, the Company granted 17,540 restricted shares units of Class A ordinary shares (“RSUs”) to an employee of the Company. The RSUs granted have a vesting period of three years of employment services with the first one-third vesting on the first anniversary from grant date, and the remaining two third vesting on an annual basis over a two-year period ending on the third anniversary of the grant date. The grant date fair value of the RSUs is determined based on recent transaction price of the Company’s equity share. The non-vested shares and RSUs are not transferable and may not be sold or pledged and the holder has no voting or dividend right. In the event a non-vested shareholder’s employment for the Group is terminated for any reason prior to the third anniversary of the grant date, the holder’s right to the non-vested shares and RSUs will terminate effectively. The outstanding non-vested shares and RSUs shall be forfeited and automatically transferred to and reacquired by the Group without any consideration. The share-based payment expense amounted to US$83 and US$86 was recognized in the consolidated financial statements during the six months ended October 31, 2023 and the year ended October 31, 2024, respectively. As

Pending Claims and Litigation

Pending Claims and Litigation	12 Months Ended
	Oct. 31, 2024
Pending Claims and Litigation [Abstract]
PENDING CLAIMS AND LITIGATION	29. PENDING CLAIMS AND LITIGATION The Group is subject to periodic legal or administrative proceedings in the ordinary course of business. Such proceedings are reviewed with the Group’s legal advisors. The Group does not believe that any pending legal proceeding to which the Group is a party will have a material effect on its business, results of operations or cash flows.

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	30. SUBSEQUENT EVENTS Other than disclosed elsewhere in the combined financial statements, the following subsequent events occurred. In November 2024, WM&E, the subsidiary of the Company, issued 1,680 non-voting redeemable ordinary shares to the Company and the Company issued 13,333,333 Class A shares of the Company to WM&E, representing a consideration of US$100 million. In January 2025, WM&E and Black Spade Acquisition II Co (Nasdaq: BSII), a special purpose acquisition company founded by Black Spade Capital, entered into a business combination agreement. Upon the completion of the transactions contemplated by the business combination agreement, the combined company will retain its name “World Media and Entertainment Universal Inc.” and its headquarters in Paris, and its ordinary shares will be listed on a stock exchange in the U.S subject to regulatory approval.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Oct. 31, 2024
Significant Accounting Policies [Abstract]
Basis of consolidation	Basis of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries for the year ended October 31, 2024, six months ended October 31, 2023 and years ended April 30, 2023 and 2022. A subsidiary is an entity, directly or indirectly, controlled by the Company. Control is achieved when the Group has power over investee, is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee (i.e., existing rights that give the Group the current ability to direct the relevant activities of the investee). The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control described above. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. The results of subsidiaries are consolidated from the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. Profit or loss and each item of other comprehensive income, if any, is attributed to the owners of the parent of the Group (including ordinary shareholders and holders of perpetual securities) and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions among members of the Group are eliminated in full on consolidation. Non-controlling interests in subsidiaries are presented separately from the Group’s equity therein, which represent present ownership interests entitling their holders to a proportionate share of net assets of the relevant subsidiaries upon liquidation. Changes in the Group’s interests in existing subsidiaries Changes in the Group’s interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group’s relevant components of equity and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries, including re-attribution of relevant reserves between the Group and the non-controlling interests according to the Group’s and the non-controlling interests’ proportionate interests. Any difference between the amount by which the non-controlling interests are adjusted, and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the Company. When the Group loses control of a subsidiary, the assets and liabilities of that subsidiary and non-controlling interests (if any) are derecognized. A gain or loss is recognized in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the carrying amount of the assets (including goodwill), and liabilities of the subsidiary attributable to the owners of the Company. All amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary. The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting or, when applicable, the cost on initial recognition of an investment in an associate or a joint venture.
Business combinations	Business combinations A business is an integrated set of activities and assets which includes an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired processes are considered substantive if they are critical to the ability to continue producing outputs, including an organized workforce with the necessary skills, knowledge, or experience to perform the related processes or they significantly contribute to the ability to continue producing outputs and are considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs. Acquisitions of businesses, other than business combination under common control are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred. At the acquisition date, the identifiable assets acquired and the liabilities assumed are recognized at their fair value, except that: ● deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognized and measured in accordance with relevant guidance; ● liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with relevant guidance; ● assets (or disposal groups) that are classified as held for sale are measured in accordance with that standard; and ● lease liabilities are recognized and measured at the present value of the remaining lease payments as if the acquired leases were new leases at the acquisition date, except for leases for which the lease terms ends within 12 months of the acquisition date. Right-of-use assets are recognized and measured at the same amount as the relevant lease liabilities, adjusted to reflect favorable or unfavorable terms of the lease when compared with market terms. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of the acquirer’s previously held equity interest in the acquiree (if any) over the net amount of the identifiable assets acquired and the liabilities assumed as of acquisition date. If, after re-assessment, the net amount of the identifiable assets acquired and liabilities assumed exceeds the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the acquirer’s previously held interest in the acquiree (if any), the excess is recognized immediately in profit or loss as a bargain purchase gain. Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the relevant subsidiary’s net assets in the event of liquidation are initially measured at fair value. Business combinations under common control The Company accounts for the business combination with entities under common control using historical carrying values and under a prospective basis (referred to herein as predecessor accounting) which involves the Company accounting for the combination prospectively from the date on which it occurred. For predecessor accounting: ● Assets and liabilities of the acquired entity are stated at carrying amounts in the consolidated financial statements of the controlling party. Fair value measurement is not required. ● Income statement reflects the results of the combining parties. ● No new goodwill arises in predecessor accounting. ● Any difference between the consideration given and the aggregate carrying value of the assets and liabilities of the acquired entity at the date of the transaction is recognized in capital reserve.
Fair value measurement	Fair value measurement The Group measures its movie income right investments and equity investments at fair value at the end of each reporting period. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 — based on quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly Level 3 — based on valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized at fair value in the consolidated financial statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.
Impairment of non-financial assets	Impairment of non-financial assets At the end of the reporting period, the Group reviews the carrying amounts of its property, plant and equipment and intangible assets with finite useful lives to determine whether there is any indication that these assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the relevant asset is estimated, which is the sum of undiscounted cash flows that are expected to result from the use and eventual disposition of asset or asset group. The recoverable amount of property, plant and equipment and intangible assets with definite life are estimated recoverable amount of an asset group (i.e. the lowest level of identifiable cash flows that are largely independent of the net cash flows of other groups of assets). An impairment loss is recognized for a depreciable or amortizable asset (asset group) only if the carrying amount of the asset (asset group) exceeds its recoverable amount. If the asset is not recoverable, then an asset’s (asset group’s) impairment is calculated with reference to the fair value of that asset (asset group) in comparison to its carrying amount. The Group performs an initial qualitative assessment before proceeding with the quantitative test on goodwill and indefinite life intangible asset. If the Group concludes, based on qualitative assessment, that it is not more likely than not that a reporting unit that goodwill allocated to or indefinite life intangible assets is impaired, then the Group is not required to perform a quantitative test for that reporting unit or indefinite life intangible assets. Intangible assets with indefinite life are estimated individually. An impairment loss for an indefinite life intangible asset is recognized if the fair value of the asset is less than the asset’s carrying amount. Goodwill is allocated to those reporting units which are operating segments or one level below the operating segment level (component level), if it constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that segment. Goodwill is impaired if the carrying amount of the reporting unit to which it is allocated exceeds the fair value of the reporting unit. An impairment is the excess of the reporting unit’s carrying amount over its fair value. Corporate assets are not allocated to asset groups in testing long-lived assets for impairment. An additional high-level of asset group is identified (which may be at the entity level), which is tested for impairment after the related lower-level assets groups have been tested. An impairment loss is not reversed if the fair value of the impaired asset or asset group increases subsequently.
Revenue from contracts with customers	Revenue from contracts with customers Revenue from contracts with customers is recognized when control of goods or services is transferred to the customers at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to which the Group will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. Digital solutions services (i) Insurance brokerage services The Group earns commission income by facilitating the arrangement between insurance company partners and individuals/businesses. The service promised to the customer is placement of an effective insurance or reinsurance policy. Commission revenue is usually a percentage of the premium paid by the insured and generally depends upon the type of insurance or reinsurance policy and the insurance company partner. Revenue is recognized at a point in time upon execution and effectiveness of insurance contracts. The Group allows a credit period up to 15 days to its customers. (ii) Other digital solutions services The Group provides its corporate clients exclusive access to the membership program for a fixed membership fee negotiated on case by case basis and agreed upon entering the contract with each customer. Other digital solutions services provides its members networking opportunities with prestigious corporate members, prominent business executives and partners. Contract terms of contracts entered generally ranged from 1 to 3 years. Revenue from such service is recognized over time as the customers simultaneously receive and consume the service provided by the Group. The payments will be settled according to the payment schedules stated in the service contracts. The Group may allow a credit period ranging from 0 to 90 days to its customers for the demand note issued in accordance with the payment schedules. When the Group receives an upfront payment, this will give rise to contract liabilities at the time of the initial sales transaction for which revenue is recognized over the membership service period. (iii) Fashion, arts and luxury media advertising and marketing services Fashion, arts and luxury media advertising and marketing services income is composed of fashion, arts and luxury magazines and advertising service income and fashion, arts and luxury media licensing and marketing services income. The Group distributes of fashion, arts and luxury publications. The Group also provides advertising services on fashion, arts and luxury magazines to the customers. Revenue is recognized at a point in time when control of the goods has transferred to the customers or upon the edition in which the advertisement is displayed. The Group also provides fashion, arts and luxury media licensing and marketing services to its customers on its multimedia channels. The Group recognizes revenues from such services over time based on the contract term. The Group allows a credit period up to 90 days to its customers. (iv) Hotel operations, hospitality and VIP services The Group provides accommodations and other ancillary services to hotel guests. Revenue of hotel operations, hospitality and VIP services are recognized over time by reference to the progress towards complete satisfaction of the relevant performance obligation, as the hotel guest simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs.
Contract liabilities	Contract liabilities A contract liability is recognized when the payment is made and received or the payment is due (whichever is earlier) from a customer before the Group transfers the related goods or services. Contract liabilities are recognized as revenue when the Group performs under the contract (i.e., transfers control of the related goods or services to the customer). For certain customers, the Group requires upfront payment and recorded such upfront fee as contract liabilities in other payables and accruals. Upfront fee is recognized as revenue based on the time elapsed for the service period.
Foreign currencies	Foreign currencies In preparing the financial statements of each individual group entity, transactions in currencies other than the functional currency of that entity (foreign currencies) are recognized at the rates of exchanges prevailing on the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences arising on the settlement of monetary items, and on the retranslation of monetary items, are recognized in profit or loss in the period in which they arise. For the purposes of presenting the consolidated financial statements, the assets and liabilities of the Group’s operations are translated into the presentation currency of the Group using exchange rates prevailing at the end of each reporting period. Income and expenses items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity under the heading of exchange reserve (attributed to non-controlling interests as appropriate). On the disposal of a foreign operation (that is, a disposal of the Group’s entire interest in a foreign operation, or a disposal involving loss of control over a subsidiary that includes a foreign operation), all of the exchange differences accumulated in equity in respect of that operation attributable to the owners of the Company are reclassified to profit or loss.
Employee benefits	Employee benefits Retirement benefit costs Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions. Short-term employee benefits Short-term employee benefits are recognized at the undiscounted amount of the benefits expected to be paid as and when employees rendered the services. All short-term employee benefits are recognized as an expense. A liability is recognized for benefits accruing to employees (such as wages and salaries and annual leave) after deducting any amount already paid.
Share-based payments	Share-based payments Equity-settled share-based payments transactions Restricted ordinary shares granted to employees Equity-settled share-based payments to employees are measured at the fair value of the equity instruments at the grant date. The fair value of the equity-settled share-based payments determined at the grant date without taking into consideration all non-market vesting conditions is expensed on a straight-line basis over the vesting period. When the restricted ordinary shares are vested, the amount previously recognized in share-based payment reserve will be transferred to share premium.
Property, plant and equipment	Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation and any impairment losses. The cost of an item of property, plant and equipment comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to profit or loss in the year in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. Depreciation is calculated on a straight-line basis to write off the cost of each item of property, plant and equipment to its residual value over its estimated useful life. Where parts of an item of property, plant and equipment have different useful lives, the cost of that item is allocated on a reasonable basis among the parts and each part is depreciated separately. Residual values, useful lives and the depreciation method are reviewed, and adjusted if appropriate, at least at the end of each financial year. An item of property, plant and equipment including any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on disposal or retirement recognized in profit or loss in the year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of the relevant asset.
Intangible assets	Intangible assets Intangible assets acquired separately Intangible assets with finite useful lives that are acquired separately are carried at costs less accumulated amortization and any accumulated impairment losses. Amortization for intangible assets with finite useful lives is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets acquired in a business combination Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date (which is regarded as their cost). Subsequent to initial recognition, intangible assets acquired in a business combination with finite useful lives are reported at costs less accumulated amortization and any accumulated impairment losses being their fair value at the date of the revaluation less subsequent accumulated amortization and any accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Intangible assets acquired in a business combination with indefinite useful lives are carried at cost less any subsequent accumulated impairment losses. An intangible asset is derecognized on disposal, or when no future economic benefits are expected from use or disposal. Gains and losses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognized in profit or loss when the asset is derecognized.
Taxation	Taxation Income tax comprises current and deferred tax. Income tax relating to items recognized outside profit or loss is recognized outside profit or loss, either in other comprehensive income or directly in equity. Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period, taking into consideration interpretations and practices prevailing in the countries in which the Group operates. Deferred tax is provided, using the liability method, on all temporary differences at the end of the reporting period between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.
Financial instruments - Investments and other financial assets	Financial instruments - Investments and other financial assets The Group’s financial assets are classified into financial assets at fair value through profit or loss and loans and receivables. The classification depends on nature and purpose of financial assets and is determined at the time of initial recognition. Financial assets at fair value through profit or loss Equity investments are generally measured at fair value with changes in fair value recognized through profit or loss. Loans and receivables Loans and receivables are classified as either held-for-sale or held-for-investment. When the Group holds an originated or purchased loans or receivables for which it has the intent and ability to hold for the foreseeable future or to maturity or payoff, the loans or receivables should be classified as held-for-investment. Loans and receivables held-for-investment are measured at their amortized cost. If the Group intends to sell loans or receivables, the loans or receivables should be classified as held for sale. Loans and receivables classified as loans held for sale are measured at the lower of cost or fair value, or carried at fair value if the fair value option is elected. All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the consolidated statements of profit or loss when the asset is derecognized, modified or impaired. The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating interest income and interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts and payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the consolidated statements of financial position at fair value with net changes in fair value recognized in profit or loss. This category includes derivative instruments and equity investments which the Group had not irrevocably elected to classify at fair value through other comprehensive income. Dividends income which is derived from Group’s ordinary course of business is recognized as revenue in the consolidated statements of profit or loss when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.
Derecognition of financial assets	Derecognition of financial assets Financial assets are derecognized when the Group surrenders control over those assets. The Group has surrendered control over transferred assets only if all the following conditions are met. ● Legal control: The transferred assets is isolated from the Group, i.e. put legally beyond the reach of the Group. ● Actual control: (i) the transferee has the right to pledge or exchange the assets (or beneficial interests) that it received; and (ii) no condition both (a) constrains the transferee from taking advantage of its right to pledge or exchange and (b) provides more than a trivial benefit to the Group. ● Effective control: The Group does not maintain effective control over the transferred financial assets or third party beneficial interests related to those transferred assets. In derecognizing a transferred financial assets, a gain or loss is recognized based on the difference between the carrying amount of the financial assets of the carrying amount and the sum of the proceeds received for the asset or the participating interest derecognized.
Impairment of financial assets	Impairment of financial assets The Group utilizes the current expected credit losses (“CECL”) model to determine an allowance that reflects its best estimate of the expected credit losses on accounts receivable, deposits and other receivables, amount due from AMTD Group, pledged bank deposits, fiduciary bank balance and bank balances. The CECL model is prepared after considering historical experience, current conditions, and reasonable and supportable economic forecasts to estimate expected credit losses. Accounts receivable, deposits and other receivables, amount due from AMTD Group, pledged bank deposits, fiduciary bank balance and bank balances are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded as a reduction of bad debt expense. The Group uses simplified flow rate matrix approach to estimate expected credit losses for the accounts receivable. The allowance for credit loss is estimated for accounts receivable that share similar risk characteristics based on a collective assessment using a combination of measurement models and management judgment. The approach considers factors including historical aging schedule and forward-looking macroeconomic conditions. The allowance for expected credit loss is disclosed accordingly in the relevant notes. General approach The CECL model is based on a single measurement approach of full lifetime CECL throughout the life of an instrument. Interest income is calculated based on the gross carrying amount of the financial asset unless the financial asset is credit-impaired, in which case interest income is calculated based on amortized cost of the financial asset. Credit-impaired financial assets A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events: a) significant financial difficulty of the issuer or the borrower; b) a breach of contract, such as a default or past due event; c) the lender(s) of the borrower, for economic or contractual reasons relating to the borrower’s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider; d) it is becoming probable that the borrower will enter bankruptcy or other financial reorganization; or e) the disappearance of an active market for that financial asset because of financial difficulties. Write-off policy The Group writes off a financial asset when there is information indicating that the counterparty is in severe financial difficulty and there is no realistic prospect of recovery, for example, when the counterparty has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Group’s recovery procedures, taking into account legal advice where appropriate. A write-off constitutes a derecognition event. Any subsequent recoveries are recognized in profit or loss. Measurement and recognition of CECL The measurement of CECL is a function of the probability of default, loss given default (i.e. the magnitude of the loss if there is a default) and the exposure at default. The assessment of the probability of default and loss given default is based on historical data and forward-looking information. Estimation of CECL reflects an unbiased and probability-weighted amount that is determined with the respective risks of default occurring as the weights. Generally, the CECL is the difference between all contractual cash flows that are due to the Group in accordance with the contract and the cash flows that the Group expects to receive, discounted at the effective interest rate determined at initial recognition. CECL for accounts receivable from contract with customers are considered on a collective basis taking into consideration past due information and relevant credit information such as forward looking macroeconomic information. For collective assessment, the Group takes into consideration the following characteristics when formulating the grouping: ● Past-due status; ● Nature, size and industry of debtors; and ● External credit ratings where available. The grouping is regularly reviewed by management to ensure the constituents of each group continue to share similar credit risk characteristics. Interest income is calculated based on the gross carrying amount of the financial asset unless the financial asset is credit-impaired, in which case interest income is calculated based on amortized cost of the financial asset. The Group recognizes an impairment gain or loss in profit or loss for all financial instruments by adjusting their carrying amount, with the exception of accounts receivable from contracts with customers where the corresponding adjustment is recognized through a loss allowance account.
Financial liabilities	Financial liabilities Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at amortized cost or at fair value through profit or loss (warrants and derivative financial instruments), as appropriate. All financial liabilities are recognized initially at fair value and, in the case of financial liabilities at amortized cost, net of directly attributable transaction costs. Transaction costs directly attributable to the acquisition of financial liabilities at fair value through profit or loss are recognized immediately in profit or loss. The Group’s financial liabilities include accounts payable, bank borrowings, other payables and accruals and amounts due to non-controlling shareholders. Subsequent measurement The subsequent measurement of financial liabilities depends on their classification as follows: Financial liabilities at amortized cost After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the effective interest rate amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in profit or loss.
Derecognition of financial liabilities	Derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or canceled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference between the respective carrying amounts is recognized in profit or loss.
Classification as debt or equity	Classification as debt or equity Debt and equity instruments are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.
Equity instruments	Equity instruments An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company are recognized at the proceeds received, net of direct issue costs. Repurchase of the Company’s own equity instruments is recognized and deducted directly in equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancelation of the Company’s own equity instruments.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents presented on the consolidated statement of financial position include: (a) cash, which comprises of cash on hand and demand deposits, excluding bank balances that are subject to regulatory restrictions that result in such balances no longer meeting the definition of cash; and (b) cash equivalents, which comprises of short-term (generally with original maturity of three months or less), highly liquid investments that are readily convertible to a known amount of cash and which are subject to an insignificant risk of changes in value. Cash equivalents are held for the purpose of meeting short-term cash commitments rather than for investment or other purposes. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and cash equivalents as defined above.
Investments in joint ventures	Investments in joint ventures A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The Group’s investment in joint ventures are stated in the consolidated statement of financial position at cost and the Group’s share of net assets under the equity method of accounting, less any impairment losses. The financial statements of joint ventures used for equity accounting purposes are prepared using uniform accounting policies as those of the Group for similar transactions and events in similar circumstances. Appropriate adjustments have been made to conform the joint venture’s accounting policies to those of the Group. The Group’s share of the post-acquisition results and other comprehensive income of joint ventures is included in the consolidated statement of profit or loss and consolidated statement of comprehensive income, respectively. Changes in net assets of joint venture other than profit or loss and other comprehensive income are not accounted for unless such changes resulted in changes in ownership interest held by the Group. When the Group’s share of losses of a joint venture exceeds the Group’s interest in that joint venture exceeds the Group’s interest in that joint venture, the Group discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the joint venture. On acquisition of the investment in a joint venture, any excess of the cost of the investment over the Group’s share of the net fair value of the identifiable assets and liabilities of the investee is recognized as goodwill, which is included within the carrying amount of the investment. Any excess of the Group’s share of the net fair value of the identifiable assets and liabilities over the cost of the investment, after reassessment, is recognized immediately in profit or loss in the period in which the investment is acquired. Impairments of investments in joint ventures are recognized only if the impairment are other than temporary. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity that would justify the carrying amount of the investment. A fair value of investments in joint ventures that is less than its carrying amount may indicate a loss in investments in joint ventures. An impairment loss of investments in joint ventures that is other than a temporary decline is recognized to profit or loss and such impairment loss cannot be reversed subsequently. When a group entity transacts with a joint venture of the Group, profits and losses resulting from the transactions with the joint venture are recognized in the Group’s consolidated financial statements only to the extent of interests in the joint venture that are not related to the Group.
Non-current assets held for sale	Non-current assets held for sale Non-current assets (and disposal groups) are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the asset (or disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such asset (or disposal group) and its sale is highly probable. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification. When the Group is committed to a sale plan involving loss of control of a subsidiary, all of the assets and liabilities of that subsidiary are classified as held for sale when the criteria described above are met, regardless of whether the Group will retain a non-controlling interest in the relevant subsidiary after the sale. Non-current assets (and disposal groups) classified as held for sale are measured at the lower of their previous carrying amount and fair value less costs to sell, which continue to be measured in accordance with the accounting policies as set out in respective sections.
Borrowing costs	Borrowing costs Borrowing costs not directly attributable to the acquisition, construction or production of qualifying assets are recognized as expenses in profit or loss in the period in which they are incurred.

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Oct. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue from Contracts with Customers	Year ended April 30, 2022 Segments Digital solutions Media and Total US$ US$ US$ Types of services Digital solutions services – insurance brokerage services 1,514 — 1,514 – other digital solutions services 23,689 23,689 Media and entertainment services – fashion, arts and luxury media advertising services — 68 68 Total 25,203 68 25,271 Timing of revenue recognition A point in time 1,514 — 1,514 Over time 23,689 68 23,757 Total 25,203 68 25,271 Year ended April 30, 2023 Segments Digital solutions Hotel Media and Total US$ US$ US$ US$ Types of services Digital solutions services – insurance brokerage services 1,540 — — 1,540 – other digital solutions services 28,037 — — 28,037 Media and entertainment services – fashion, arts and luxury media advertising services — — 1,294 1,294 Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income — 2,195 — 2,195 Total 29,577 2,195 1,294 33,066 Timing of revenue recognition A point in time 1,540 — — 1,540 Over time 28,037 2,195 1,294 31,526 Total 29,577 2,195 1,294 33,066 Six months ended October 31, 2023 Segments Digital solutions Hotel Media and Total US$ US$ US$ US$ Types of services Digital solution services — insurance brokerage services 486 — — 486 — other digital solutions services 1,278 — — 1,278 Media and entertainment services – fashion, arts and luxury media advertising services — — 27 27 Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services — 6,882 — 6,882 Total 1,764 6,882 27 8,673 Timing of revenue recognition A point in time 486 — — 486 Over time 1,278 6,882 27 8,187 Total 1,764 6,882 27 8,673 Year ended October 31, 2024 Segments Digital solutions Hotel Media and Total US$ US$ US$ US$ Types of services Digital solutions services – insurance brokerage services 851 - - 851 – other digital solutions services 2,562 - - 2,562 Media and entertainment services – fashion, arts and luxury media advertising services - - 4 4 Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income - 19,397 - 19,397 Total 3,413 19,397 4 22,814 Timing of revenue recognition A point in time 851 - - 851 Over time 2,562 19,397 4 21,963 Total 3,413 19,397 4 22,814

Operating Segments (Tables)

Operating Segments (Tables)	12 Months Ended
	Oct. 31, 2024
Operating Segments [Abstract]
Schedule of Operating and Reportable Segments	The following is an analysis of the Group’s revenues and results by operating and reportable segments: Digital solutions Media and entertainment services Consolidated US$ US$ US$ Segment revenue Revenue from external customers 23,477 68 23,545 Revenue from related parties 1,726 — 1,726 Changes in fair value on financial assets measured at FVTPL — 16,940 16,940 Total segment revenue 25,203 17,008 42,211 Segment profits 17,649 17,491 35,140 Unallocated: Other income 4 Other gains and losses 609 Corporate expenses (6,883 ) Profit before tax 28,870 For the year ended April 30, 2023 Digital solutions Hotel Media and entertainment services Consolidated US$ US$ US$ US$ Segment revenue Revenue from external customers 27,349 2,195 1,294 30,838 Revenue from related parties 2,228 — — 2,228 Changes in fair value on financial assets measured at FVTPL — — 15,386 15,386 Total segment revenue 29,577 2,195 16,680 48,452 Segment profits (losses) 21,557 (1,185 ) 19,287 39,659 Unallocated: Other income 13,330 Other gains and losses 153 Corporate expenses (7,844 ) Profit before tax 45,298 For the six months ended October 31, 2023 Digital solutions Hotel Media and entertainment services Consolidated US$ US$ US$ US$ Segment revenue Revenue from external customers 453 6,882 27 7,362 Revenue from related parties 1,311 — — 1,311 Changes in fair value on financial assets measured at FVTPL — — 16,279 16,279 Total segment revenue 1,764 6,882 16,306 24,952 Segment (losses) profits (221 ) (2,189 ) 16,114 13,704 Unallocated: Other income 8,988 Other gains and losses 14,342 Corporate expenses (4,257 ) Profit before tax 32,777 For the year ended October 31, 2024 Digital solutions Hotel Media and entertainment services Consolidated US$ US$ US$ US$ Segment revenue Revenue from external customers 810 19,397 4 20,211 Revenue from related parties 2,603 - - 2,603 Dividend income - - 634 634 Changes in fair value on financial assets measured at FVTPL - - (3,003 ) (3,003 ) Total segment revenue 3,413 19,397 (2,365 ) 20,445 Segment profits (losses) 2,423 (3,029 ) (2,365 ) (2,971 ) Unallocated: Other income 20,020 Other gains and losses 37,000 Corporate expenses (11,589 ) Profit before tax 42,460
Schedule of Segment Assets and Liabilities	As such, segment assets and segment liabilities are presented in the current year, and the prior period segment assets and liabilities disclosures have been reclassified to conform with current year’s presentation. October 31, 2024 2023 US$ US$ Segment assets Digital solution services 662 399 Hotel operations, hospitality and VIP services 260,965 86,061 Media and entertainment services 160,293 6,293 Total segment assets 421,920 92,753 Unallocated corporate assets 81,011 444,744 Total assets 502,931 537,497 Segment liabilities Digital solution services 408 778 Hotel operations, hospitality and VIP services 284,847 106,490 Media and entertainment services 5,179 37 Total segment liabilities 290,434 107,305 Unallocated corporate liabilities 53,738 51,996 Total liabilities 344,172 159,301

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Oct. 31, 2024
Finance Costs [Abstract]
Schedule of Finance Costs	Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Interest on bank borrowings 9,098 617 769 — Interest on amount due to a non-controlling shareholder 1,228 2,786 426 — 10,326 3,403 1,195 —

Other Income (Tables)

Other Income (Tables)	12 Months Ended
	Oct. 31, 2024
Other Income [Abstract]
Schedule of Other Income	Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Bank and other interest income 20,020 8,988 15,945 743 Government grant — — 56 117 Others — — 51 7 20,020 8,988 16,052 867

Other Gains and Losses, Net (Ta

Other Gains and Losses, Net (Tables)	12 Months Ended
	Oct. 31, 2024
Other Income [Abstract]
Schedule of Other Gains and Losses, Net	Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Net exchange (loss) gain (222 ) (356 ) 151 589 Recovery of accounts and other receivables written off — 1 2 20 Gain on disposal of subsidiaries 37,222 14,697 — — 37,000 14,342 153 609

Income Tax Expense (Tables)

Income Tax Expense (Tables)	12 Months Ended
	Oct. 31, 2024
Income Tax Expense [Abstract]
Schedule of Income Tax Expense	Year ended Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Hong Kong Profits Tax - Current tax 717 1,393 4,630 3,207 - Under(over) provision in prior years - 704 (5 ) (36 ) Withholding tax charge for the year/period 68 - - - Deferred tax credit - (106 ) (140 ) (141 ) 785 1,991 4,485 3,030
Schedule of Income Tax Expense Reconciled to the Profit Before Tax	The income tax expense for the year/period can be reconciled to the profit before tax per the consolidated statements of profit or loss and other comprehensive income as follows: Year ended October 31, Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Profit before tax 42,460 32,777 45,298 28,870 Tax at the domestic income tax rate of 16.5% 7,006 5,408 7,474 4,764 Tax effect of income not taxable for tax purpose (8,670 ) (5,325 ) (3,070 ) (3,168 ) Tax effect of expenses not deductible for tax purpose 963 58 51 1,010 Tax effect of share of losses of joint ventures 225 220 66 — Tax effect of tax losses not recognized 1,193 931 289 457 Utilization of tax losses previously not recognized - — (298 ) — Under(over) provision in prior years - 704 (5 ) (36 ) Withholding tax on dividend income 68 - - - Effect of different tax rates of subsidiaries operating in other jurisdictions - (5 ) (20 ) 3 Others - — (2 ) — Income tax expense for the year/period 785 1,991 4,485 3,030

Profit for the Year_Period (Tab

Profit for the Year/Period (Tables)	12 Months Ended
	Oct. 31, 2024
Profit for the Year/Period [Abstract]
Schedule of Profit for the Year/Period Has Been Arrived at After Charging	Profit for the year/period has been arrived at after charging: Year ended Six months Year ended April 30, 2024 2023 2023 2022 US$ US$ US$ US$ Staff costs Salaries, allowances and other benefits 4,991 2,997 9,735 9,125 Retirement benefit scheme contributions (note) 66 77 133 168 Share of losses of joint ventures (including in other expenses) 1,363 1,366 404 — Cost of hotel operations and related expenses (included in other expenses) 8,331 3,644 1,505 — Depreciation and amortization 5,642 1,441 1,312 846 Note: The Group operates a Mandatory Provident Fund Scheme and Central Provident Fund Scheme for all qualifying employees in Hong Kong and Singapore, respectively. The assets of the schemes are held separately from those of the Group, in funds under the control of trustees.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Oct. 31, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The calculation of the basic and diluted earnings per share attributable to owners of the Company is based on the following data: Year ended Six months Year ended April 30, Earnings figures are calculated as follows: 2024 2023 2023 2022 US$ US$ US$ US$ Earnings for the purpose of basic and diluted earnings per share 44,443 31,940 42,059 27,493 Year ended Six months Year ended April 30, Number of shares 2024 2023 2023 2022 Weighted average number of ordinary shares for the purpose of basic earnings per share 76,748,858 76,602,929 74,159,933 67,579,432 Effect of dilutive potential ordinary shares - restricted ordinary shares and restricted shares unit 56,250 51,941 47,236 28,492 Weighted average number of ordinary shares for the purpose of diluted earnings per share 76,805,108 76,654,870 74,207,169 67,607,924

Acquisitions of Subsidiaries (T

Acquisitions of Subsidiaries (Tables)	12 Months Ended
	Oct. 31, 2024
Basis of Preparation [Abstract]
Schedule of Assets Acquired and Liabilities Recognized at the Date of Acquisition	Assets acquired and liabilities recognized at the date of acquisition: US$ Interests in joint ventures 24,726 Property, plant and equipment 135,592 Cash and cash equivalents 3,860 Accounts receivable 527 Prepayments, deposits and other receivables 20,365 Amount due from a non-controlling shareholder 637 Accounts payable (311 ) Other payables and accruals (1,582 ) Contract liabilities (688 ) Bank borrowings (50,849 ) Amount due to a non-controlling shareholder (53,464 ) Amount due to AMTD Group (81,972 ) (3,159 ) Assets acquired and liabilities recognized at the date of acquisition: US$ Property, plant and equipment 15,496 Intangible assets 119,108 Financial assets at FVTPL 6,813 Accounts receivable 3,968 Prepayments, deposits and other receivables 225 Cash and cash equivalents 4,784 Accounts payables (714 ) Other payables and accruals (4,023 ) Contract liabilities (423 ) Amount due to AMTD Group (21,326 ) Tax liabilities (17 ) Bank borrowings (11,086 ) Deferred tax liability (5,652 ) Net assets acquired 107,153 Less: non-controlling interests of WM&E (58,484 ) Other reserve attributable to the owners of the Company 48,669 Assets acquired and liabilities recognized at the date of acquisition: US$ Property, plant and equipment 189,826 Accounts receivable 920 Prepayments, deposits and other receivables 622 Cash and cash equivalents 4,273 Accounts payables (116 ) Other payables and accruals (467 ) Provisions (1,406 ) Contract liabilities (471 ) Amount due to shareholders (47,157 ) Tax liabilities (214 ) Bank borrowings (159,722 ) Non-controlling interests 6,817 Net assets acquired (7,095 ) Interests in joint venture eliminated (7,095 )
Schedule of Reserves Arising on Acquisition	Reserves arising on acquisition: Consideration transferred 266,647 Plus: non-controlling interests of WME Assets (336 ) Plus: non-controlling interests of WME Assets’ subsidiaries 5,361 Less: recognized amounts of net assets acquired 3,159 274,831
Schedule of Net Cash Inflow on Acquisition	Net cash inflow on acquisition of WME Assets: Cash consideration paid — Add: cash and cash equivalent balances acquired 3,860 3,860 Cash and cash equivalent balances acquired 4,784 Cash and cash equivalent balances acquired 4,273

Assets Classified as Held for_2

Assets Classified as Held for Sale/ Liabilities Associated with Assets Classified as Held for Sale (Tables)	12 Months Ended
	Oct. 31, 2024
Assets Classified as Held for Sale/ Liabilities Associated with Assets Classified as Held for Sale [Abstract]
Schedule of Major Classes of Assets and Liabilities of the Disposal Groups Classified as Held for Sale	The major classes of assets and liabilities of the disposal groups classified as held for sale are as follows: As of US$ Goodwill 7,500 Property, plant and equipment 62,953 Intangible assets 3,099 Accounts receivable 530 Prepayments, deposits and other receivables 214 Due from a minority shareholder of subsidiaries 2,182 Fiduciary bank balances 321 Cash and cash equivalents 246 Total assets classified as held for sale 77,045 Accounts payable (484 ) Due to AMTD Group (15,233 ) Other payables and accruals (1,668 ) Deferred tax liability (527 ) Total liabilities associated with assets classified as held for sale (17,912 )

Interests in Joint Ventures (Ta

Interests in Joint Ventures (Tables)	12 Months Ended
	Oct. 31, 2024
Interests in Joint Ventures [Abstract]
Schedule of Interests in Joint Ventures	As of October 31, 2024 2023 US$ US$ Cost of investments in joint ventures net of accumulated share of loss and other comprehensive expense - (6,999 ) Due from joint ventures - 23,774 - 16,775
Schedule of Material Joint Ventures	Details of material joint ventures as at October 31, 2023 are as follows: Name Place of Percentage of Principal activity DHI Holdings (S) Pte Ltd. Singapore 51 % Hotel operations, hospitality and VIP services in Singapore
Schedule of Financial Information in Respect of the Joint Ventures	The following table illustrates the summarized financial information in respect of the joint ventures adjusted for any differences in accounting policies and reconciled to the carrying amount in the consolidated financial statements: As of October 31, 2024 2023 US$ US$ Total assets — 196,343 Total liabilities — (210,067 ) Net liabilities — (13,724 ) Proportion of the Group’s ownership N/A 51 % Group’s share of net assets of joint ventures — (6,999 ) Due from joint ventures — 23,774 Interests in joint ventures — 16,775 Additional information of the joint ventures Cash and cash equivalents — 4,117 Amounts due to shareholders — (46,415 ) Bank borrowings — (157,818 ) November 1, May 1, US$ US$ Revenue 9,417 11,997 Loss for the period (2,726 ) (2,678 ) Other comprehensive income for the period 2,624 227 Total comprehensive expense for the period (102 ) (2,451 )

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Oct. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Properties Computer Right-of-use Total US$ US$ US$ US$ COST As of May 1, 2023 134,490 24 - 134,514 Additions 17 - - 17 Disposal of subsidiaries - (2 ) - (2 ) Reclassified as held for sale (63,575 ) - - (63,575 ) Exchange realignment (502 ) - - (502 ) As of October 31, 2023 70,430 22 - 70,452 Additions 48 111 - 159 Acquisition of subsidiaries 204,389 758 175 205,322 Exchange realignment 4,504 2 - 4,506 As of October 31, 2024 279,371 893 175 280,439 ACCUMULATED DEPRECIATION As of May 1, 2023 469 18 - 487 Provided for the period 995 3 - 998 Disposal of subsidiaries - (1 ) - (1 ) Reclassified as held for sale (625 ) - - (625 ) Exchange realignment - 1 - 1 As of October 31, 2023 839 21 - 860 Provided for the year 5,100 59 - 5,159 Exchange realignment (16 ) (12 ) - (28 ) As of October 31, 2024 5,923 68 - 5,991 CARRYING VALUES As of October 31, 2023 69,591 1 - 69,592 As of October 31, 2024 273,448 825 175 274,448
Schedule of Estimated Useful Lives	The property, plant and equipment are depreciated on a straight-line basis over their estimated useful lives as follows: Computer equipment 5 years Right-of-use assets Over the lease term Properties Over the shorter of the useful life ranged 40-75 years and the remaining lease terms

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Oct. 31, 2024
Intangible Assets [Abstract]
Schedule of Intangible Assets	Archived Developed Brand Total US$ US$ US$ US$ COST As of May 1, 2023 and October 31, 2023 - 154 175 329 Acquisition of subsidiaries 502 - 118,606 119,108 Exchange realignment - - 2 2 As of October 31, 2024 502 154 118,783 119,439 ACCUMULATED AMORTIZATION As of May 1, 2023 - - 17 17 Charge for the period - 29 4 33 As of October 31, 2023 - 29 21 50 Charge for the year - 124 9 133 Exchange realignment - 1 - 1 As of October 31, 2024 - 154 30 184 CARRYING VALUES As of October 31, 2023 - 125 154 279 As of October 31, 2024 502 - 118,753 119,255

Financial Assets at FVTPL (Tabl

Financial Assets at FVTPL (Tables)	12 Months Ended
	Oct. 31, 2024
Financial Assets at FVTPL [Abstract]
Schedule of Financial Assets at FVTPL	As of October 31, 2024 2023 US$ US$ Unlisted equity securities 1,191 488 Listed equity securities 23,485 - Movie income right investments (note (ii)) 12,123 5,523 36,799 6,011 Presented as: Current 12,123 5,723 Non-current (note (i)) 24,676 288 36,799 6,011 (i) The Company classified certain equity securities as non-current when these equity securities are held for long-term purposes and would realize their performance potential in the long run. (ii) The Group entered into movie income right agreements with certain production houses. In accordance with the relevant agreements, the Group is entitled to certain percentage of the profit to be derived from the release of the films upon entering into the agreement. The Group may be required to further contribute to the film program due to the budget overruns. Any agreed further contribution to the film program due to the budget overruns will be added to the carrying amounts of financial assets.

Accounts Receivable, Prepayme_2

Accounts Receivable, Prepayments, Deposits and Other Receivables (Tables)	12 Months Ended
	Oct. 31, 2024
Accounts Receivable, Prepayments, Deposits and Other Receivables [Abstract]
Schedule of Accounts Receivable, Prepayments, Deposits and Other Receivables	As of October 31, 2024 2023 US$ US$ Accounts receivable arising from the digital solutions services 662 403 Accounts receivable arising from media and entertainment services 3,970 - Accounts receivable from hotel operations, hospitality and VIP services 2,013 531 Total accounts receivable 6,645 934 Consideration receivable on disposal - 34,133 Prepayments 1,337 1,053 Deposits 236 251 Note receivables - 150 Other receivables 1,093 240 Prepayments, deposits and other receivables 2,666 35,827

Accounts Payable, Other Payab_2

Accounts Payable, Other Payables and Accruals (Tables)	12 Months Ended
	Oct. 31, 2024
Accounts Payable, Other Payables and Accruals [Abstract]
Schedule of Accounts Payable, Other Payables and Accruals	As of October 31, 2024 2023 US$ US$ Accounts payable arising from the digital solutions services 408 - Accounts payable arising from media and entertainment services 714 - Accounts payable arising from hotel operations, hospitality and VIP services 468 69 Total accounts payable 1,590 69 Payable to former subsidiaries - 15,346 Other payables and accruals 8,184 3,568 Interest payable 1,630 - Lease liabilities (note) 186 - Total other payables and accruals 10,000 18,914 Note: The weighted average incremental borrowing rate applied to lease liabilities

Bank Borrowings (Tables)

Bank Borrowings (Tables)	12 Months Ended
	Oct. 31, 2024
Bank Borrowings [Abstract]
Schedule of Bank Borrowings	As of October 31, 2024 2023 US$ US$ US$ - unsecured - 15,000 US$ - secured 44,204 - Singapore dollars - secured 163,301 - Hong Kong dollars - secured 50,069 50,565 British Pound - unsecured 24 - 257,598 65,565 Presented as: Current 83,374 65,565 Non-current 174,224 - 257,598 65,565

Contract Liabilities (Tables)

Contract Liabilities (Tables)	12 Months Ended
	Oct. 31, 2024
Contract Liabilities [Member]
Contract Liabilities [LIne Items]
Schedule of Contract Liabilities	As of 2024 2023 US$ US$ Media and entertainment services income 424 — Hotel operations, hospitality and VIP services income 760 — 1,184 —

Deferred Tax Liability (Tables)

Deferred Tax Liability (Tables)	12 Months Ended
	Oct. 31, 2024
Deferred Tax Liability [Abstract]
Schedule of Deferred Tax Liability Recognized and Movements	The following is the deferred tax liability recognized and movements thereon: Intangible US$ As of May 1, 2023 and October 31, 2023 — Acquisition of subsidiaries 5,652 As of October 31, 2024 5,652

Share Capital and Treasury Sh_2

Share Capital and Treasury Shares (Tables)	12 Months Ended
	Oct. 31, 2024
Share Capital and Treasury Shares [Abstract]
Schedule of Share Capital and Treasury Shares	Class A ordinary shares Class B ordinary shares Total Treasury shares— Number of Share Number of Share Number of Share Number of Treasury shares US$ US$ US$ US$ Ordinary shares of US$0.0001 each Authorized As of October 31, 2023 and 2024 8,000,000,000 800 2,000,000,000 200 10,000,000,000 1,000 N/A N/A Issued and fully paid As of May 1, 2023 10,928,142 1 65,549,039 7 76,477,181 8 100,961 52,235 Issuance of shares (note (a)) 380,065 — — — 380,065 — — — As of October 31, 2023 11,308,207 1 65,549,039 7 76,857,246 8 100,961 52,235 Issuance of shares (note (b)) 21,485,714 2 192,307 — 21,678,021 2 (100,961 ) (52,520 ) Repurchases of shares (note (c)) — — (18,838,906 ) (2 ) (18,838,906 ) (2 ) 18,838,906 447,520 Shares owned by non-wholly owned subsidiaries (note (b)) — — — — — — 21,485,714 187,998 As of October 31, 2024 32,793,921 3 46,902,440 5 79,696,361 8 40,324,620 635,233 (a) During the six months ended October 31, 2023, the Company issued 380,065 Class A ordinary shares at a fair value of US$5,602 for the purpose of an acquisition of a company by the immediate holding company. (b) In December 2023, the Company transferred 100,961 treasury shares of the Company and issued 91,346 Class B ordinary shares to the immediate holding company at an aggregate consideration of US$100,000. In October 2024, the Company issued 21,485,714 Class A ordinary shares to WM&E at the consideration of US$188,000 for the purpose of the acquisition of the controlling stake of WM&E. As WM&E is a subsidiary of the Company, the shares of the Company owned by WM&E are then considered as treasury shares in consolidation. As of October 31, 2024, 18,838,906 Class B ordinary shares are owned by the Company and 21,485,714 Class B ordinary shares are owned by the subsidiary of the Company and both of them are classified as treasury shares in consolidation. (c) In December 2023 and October 2024, the Company repurchased 553,192 and 18,285,714 Class B ordinary shares from the immediate holding company, respectively, amounting to US$447,522 in aggregate.

Fair Value Measurement of Fin_2

Fair Value Measurement of Financial Instruments (Tables)	12 Months Ended
	Oct. 31, 2024
Fair Value Measurement of Financial Instruments [Abstract]
Schedule of Fair Values of Financial Assets	The following table gives information about how the fair values of these financial assets are determined (in particular, the valuation technique(s) and inputs used). Fair value as of October 31, Fair value Valuation technique(s) Financial assets 2024 2023 hierarchy and key inputs US$ US$ Financial assets at FVTPL - listed equity securities 23,485 - Level 1 Quoted prices in active market Financial assets at FVTPL - unlisted equity securities 1,191 488 Level 2 The fair values of unlisted equity investments are determined with reference to the recent transaction price of the investments. Movie income right investments 6,463 1,605 Level 2 The fair values of unlisted equity investments are determined with reference to the recent transaction price of the investments. Movie income right investments 5,660 3,918 Level 3 Income approach - in this approach, the discounted cash flow method was used to capture the present value of the expected future economic benefits to be derived from the investments in these movie income right investments, based on an appropriate discount rate.
Schedule of Reconciliation of Level 3 Fair Value Measurements	Reconciliation of Level 3 fair value measurements Movie US$ As of May 1, 2023 13,924 Total gains in profit or loss 16,281 Disposals (25,550 ) Exchange realignment (737 ) As of October 31, 2023 3,918 Transfer from Level 2 1,605 Exchange realignment 137 As of October 31, 2024 5,660

Related Party Disclosures (Tabl

Related Party Disclosures (Tables)	12 Months Ended
	Oct. 31, 2024
Related Party Disclosures [Abstract]
Schedule of Related Party Transactions	In addition to the transactions and balances disclosed elsewhere in the consolidated financial statements, the Group had the following significant related party transactions during the reporting period: Year ended October 31, Six months Year ended April 30, Relationship Nature of transactions 2024 2023 2023 2022 US$ US$ US$ US$ Ultimate holding company Insurance brokerage services 5 32 7 11 Ultimate holding company Digital solutions services 2,562 1,278 2,169 1,641 Ultimate holding company Corporate expenses allocated 1,865 1,533 1,212 910 Fellow subsidiaries Insurance brokerage services 36 1 52 74 Immediate holding company Repurchase of shares of the Company 447,522 — 318,882 — Ultimate holding company Interest income 13,923 6,154 6,612 —

Significant Accounting Polici_2

Significant Accounting Policies (Details)	12 Months Ended
	Oct. 31, 2024
Significant Accounting Policies [Line Items]
Lease term	12 months
Contract with customer allowed credit period	15 days
Minimum [Member]
Significant Accounting Policies [Line Items]
Term of contract	1 year
Minimum [Member] | Digital Solutions Services Non Financial Services [Member]
Significant Accounting Policies [Line Items]
Contract with customer allowed credit period	0 days
Maximum [Member]
Significant Accounting Policies [Line Items]
Term of contract	3 years
Maximum [Member] | Digital Solutions Services Non Financial Services [Member]
Significant Accounting Policies [Line Items]
Contract with customer allowed credit period	90 days
Other Customer [Member]
Significant Accounting Policies [Line Items]
Contract with customer allowed credit period	90 days

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Digital solutions services
Disaggregation of revenue from contracts with customers	$ 8,673	$ 22,814	$ 33,066	$ 25,271
Digital solutions services – insurance brokerage services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	486	851	1,540	1,514
Digital solutions services – other digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	1,278	2,562	28,037	23,689
Media and entertainment services – fashion, arts and luxury media advertising services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	27	4	1,294	68
Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	6,882	19,397	2,195
Digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	1,764	3,413	29,577	25,203
Digital solutions services [Member] | Digital solutions services – insurance brokerage services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	486	851	1,540	1,514
Digital solutions services [Member] | Digital solutions services – other digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	1,278	2,562	28,037	23,689
Digital solutions services [Member] | Media and entertainment services – fashion, arts and luxury media advertising services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Digital solutions services [Member] | Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Media and entertainment services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	27	4	1,294	68
Media and entertainment services [Member] | Digital solutions services – insurance brokerage services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Media and entertainment services [Member] | Digital solutions services – other digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Media and entertainment services [Member] | Media and entertainment services – fashion, arts and luxury media advertising services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	27	4	1,294	68
Media and entertainment services [Member] | Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Hotel operations, hospitality and VIP services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	6,882	19,397	2,195
Hotel operations, hospitality and VIP services [Member] | Digital solutions services – insurance brokerage services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Hotel operations, hospitality and VIP services [Member] | Digital solutions services – other digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Hotel operations, hospitality and VIP services [Member] | Media and entertainment services – fashion, arts and luxury media advertising services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Hotel operations, hospitality and VIP services [Member] | Hotel operations, hospitality and VIP services - hotel operations, hospitality and VIP services income [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	6,882	19,397	2,195
A point in time [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	486	851	1,540	1,514
A point in time [Member] | Digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	486	851	1,540	1,514
A point in time [Member] | Media and entertainment services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
A point in time [Member] | Hotel operations, hospitality and VIP services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers
Over time [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	8,187	21,963	31,526	23,757
Over time [Member] | Digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	1,278	2,562	28,037	23,689
Over time [Member] | Media and entertainment services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	27	4	1,294	68
Over time [Member] | Hotel operations, hospitality and VIP services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	6,882	19,397	2,195
Timing of revenue recognition [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	8,673	22,814	33,066	25,271
Timing of revenue recognition [Member] | Digital solutions services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	1,764	3,413	29,577	25,203
Timing of revenue recognition [Member] | Media and entertainment services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	27	4	1,294	$ 68
Timing of revenue recognition [Member] | Hotel operations, hospitality and VIP services [Member]
Digital solutions services
Disaggregation of revenue from contracts with customers	$ 6,882	$ 19,397	$ 2,195

Operating Segments (Details)

Operating Segments (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($) Segments	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)
Operating Segments [Line Items]
Number of operating segments (in Segments) | Segments			3
Revenue from customers		$ 8,673	$ 22,814	$ 33,066	$ 25,271
Non-current assets	$ 418,379	86,934	418,379
Hong Kong [Member]
Operating Segments [Line Items]
Revenue from customers	9,240	4,536		31,736	25,158
Non-current assets	69,045	69,871	69,045
Singapore [Member]
Operating Segments [Line Items]
Revenue from customers	13,574	70		223	$ 113
Non-current assets	189,907	16,775	189,907
Canada [Member]
Operating Segments [Line Items]
Revenue from customers		$ 4,067		$ 1,107
Europe [Member]
Operating Segments [Line Items]
Non-current assets	119,524		119,524
Americas [Member]
Operating Segments [Line Items]
Non-current assets	$ 15,227		$ 15,227

Operating Segments - Schedule o

Operating Segments - Schedule of Operating and Reportable Segments (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2023	Apr. 30, 2022
Segment revenue
Revenue from external customers	$ 8,673	$ 22,814		$ 33,066	$ 25,271
Dividend income		634
Changes in fair value on financial assets measured at FVTPL	16,279	(3,003)		15,386	16,940
Total segment revenue	24,952	20,445	$ 11,997	48,452	42,211
Profit before tax	32,777	42,460		45,298	28,870
Digital Solutions Services [Member]
Segment revenue
Total segment revenue	1,764	3,413		29,577	25,203
Media and entertainment services [Member]
Segment revenue
Total segment revenue	16,306	(2,365)		16,680	17,008
Hotel Operations, Hospitality and VIP Services [Member]
Segment revenue
Total segment revenue	6,882	19,397		2,195
Operating Segments [Member]
Segment revenue
Dividend income		634
Changes in fair value on financial assets measured at FVTPL	16,279	(3,003)		15,386	16,940
Segment profits/(losses)	13,704	(2,971)		39,659	35,140
Operating Segments [Member] | External Customers [Member]
Segment revenue
Revenue from external customers	7,362	20,211		30,838	23,545
Operating Segments [Member] | Related Parties [Member]
Segment revenue
Revenue from external customers	1,311	2,603		2,228	1,726
Operating Segments [Member] | Digital Solutions Services [Member]
Segment revenue
Dividend income
Changes in fair value on financial assets measured at FVTPL
Segment profits/(losses)	(221)	2,423		21,557	17,649
Operating Segments [Member] | Digital Solutions Services [Member] | External Customers [Member]
Segment revenue
Revenue from external customers	453	810		27,349	23,477
Operating Segments [Member] | Digital Solutions Services [Member] | Related Parties [Member]
Segment revenue
Revenue from external customers	1,311	2,603		2,228	1,726
Operating Segments [Member] | Media and entertainment services [Member]
Segment revenue
Dividend income		634
Changes in fair value on financial assets measured at FVTPL	16,279	(3,003)		15,386	16,940
Segment profits/(losses)	16,114	(2,365)		19,287	17,491
Operating Segments [Member] | Media and entertainment services [Member] | External Customers [Member]
Segment revenue
Revenue from external customers	27	4		1,294	68
Operating Segments [Member] | Media and entertainment services [Member] | Related Parties [Member]
Segment revenue
Revenue from external customers
Operating Segments [Member] | Hotel Operations, Hospitality and VIP Services [Member]
Segment revenue
Dividend income
Changes in fair value on financial assets measured at FVTPL
Segment profits/(losses)	(2,189)	(3,029)		(1,185)
Operating Segments [Member] | Hotel Operations, Hospitality and VIP Services [Member] | External Customers [Member]
Segment revenue
Revenue from external customers	6,882	19,397		2,195
Operating Segments [Member] | Hotel Operations, Hospitality and VIP Services [Member] | Related Parties [Member]
Segment revenue
Revenue from external customers
Unallocated Amount [Member] | Operating Segments [Member]
Segment revenue
Other income	8,988	20,020		13,330	4
Other gains and losses	14,342	37,000		153	609
Corporate expenses	$ (4,257)	$ (11,589)		$ (7,844)	$ (6,883)

Operating Segments - Schedule_2

Operating Segments - Schedule of Segment Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Segment Reporting Information [Line Items]
Total segment assets	$ 421,920	$ 92,753
Unallocated corporate assets	81,011	444,744
Total assets	502,931	537,497
Total segment liabilities	290,434	107,305
Unallocated corporate liabilities	53,738	51,996
Total liabilities	344,172	159,301
Digital solution services [Member]
Segment Reporting Information [Line Items]
Total segment assets	662	399
Total segment liabilities	408	778
Hotel operations, hospitality and VIP services [Member]
Segment Reporting Information [Line Items]
Total segment assets	260,965	86,061
Total segment liabilities	284,847	106,490
Media and entertainment services [Member]
Segment Reporting Information [Line Items]
Total segment assets	160,293	6,293
Total segment liabilities	$ 5,179	$ 37

Finance Costs - Schedule of Fin

Finance Costs - Schedule of Finance Costs (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Schedule of Finance Costs [Abstract]
Interest on bank borrowings	$ 617	$ 9,098	$ 769
Interest on amount due to a non-controlling shareholder	2,786	1,228	426
Finance costs	$ 3,403	$ 10,326	$ 1,195

Other Income - Schedule of Othe

Other Income - Schedule of Other Income (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Schedule of Other Income [Line Items]
Other Income	$ 8,988	$ 20,020	$ 16,052	$ 867
Bank and other interest income [Member]
Schedule of Other Income [Line Items]
Other Income	8,988	20,020	15,945	743
Government grant [Member]
Schedule of Other Income [Line Items]
Other Income			56	117
Others [Member]
Schedule of Other Income [Line Items]
Other Income			$ 51	$ 7

Other Gains and Losses, Net - S

Other Gains and Losses, Net - Schedule of Other Gains and Losses, Net (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Other Income [Abstract]
Net exchange (loss) gain	$ (356)	$ (222)	$ 151	$ 589
Recovery of accounts and other receivables written off	1		2	20
Gain on disposal of subsidiaries	14,697	37,222
Other gains and losses, net	$ 14,342	$ 37,000	$ 153	$ 609

Income Tax Expense (Details)

Income Tax Expense (Details) $ in Millions	12 Months Ended
	Oct. 31, 2024 HKD ($)
Two Tiered Profits Tax Rates Regime [Member]
Income Tax Expense [Line Items]
Taxable profit rate	16.50%
Hong Kong [Member] | First Tiered Profits Tax Rates Regime [Member]
Income Tax Expense [Line Items]
Profits tax rates (in Dollars)	$ 2
Taxable profit rate	8.25%
Hong Kong [Member] | Two Tiered Profits Tax Rates Regime [Member]
Income Tax Expense [Line Items]
Profits tax rates (in Dollars)	$ 2
Taxable profit rate	16.50%
Singapore [Member]
Income Tax Expense [Line Items]
Estimated assessable profits	17%
United States [Member]
Income Tax Expense [Line Items]
Corporate tax rate	21%
New York [Member] | Minimum [Member]
Income Tax Expense [Line Items]
Corporate tax rate	6.50%
New York [Member] | Maximum [Member]
Income Tax Expense [Line Items]
Corporate tax rate	8.85%

Income Tax Expense - Schedule o

Income Tax Expense - Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Hong Kong Profits Tax
- Current tax	$ 1,393	$ 717	$ 4,630	$ 3,207
- Under(over) provision in prior years	704		(5)	(36)
Withholding tax charge for the year/period		68
Deferred tax credit	(106)		(140)	(141)
Total	$ 1,991	$ 785	$ 4,485	$ 3,030

Income Tax Expense - Schedule_2

Income Tax Expense - Schedule of Income Tax Expense Reconciled to the Profit Before Tax (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Schedule of Income Tax Expense Reconciled to the Profit Before Tax [Abstract]
Profit before tax	$ 32,777	$ 42,460	$ 45,298	$ 28,870
Tax at the domestic income tax rate of 16.5%	5,408	7,006	7,474	4,764
Tax effect of income not taxable for tax purpose	(5,325)	(8,670)	(3,070)	(3,168)
Tax effect of expenses not deductible for tax purpose	58	963	51	1,010
Tax effect of share of losses of joint ventures	220	225	66
Tax effect of tax losses not recognized	931	1,193	289	457
Utilization of tax losses previously not recognized			(298)
Under(over) provision in prior years	704		(5)	(36)
Withholding tax on dividend income		68
Effect of different tax rates of subsidiaries operating in other jurisdictions	(5)		(20)	3
Others			(2)
Income tax expense for the year/period	$ 1,991	$ 785	$ 4,485	$ 3,030

Income Tax Expense - Schedule_3

Income Tax Expense - Schedule of Income Tax Expense Reconciled to the Profit Before Tax (Parentheticals) (Details)	12 Months Ended
	Oct. 31, 2024
Schedule of Income Tax Expense Reconciled to the Profit Before Tax [Abstract]
Tax at the domestic income tax rate	16.50%

Profit for the Year_Period - Sc

Profit for the Year/Period - Schedule of Profit for the Year/Period Has Been Arrived at After Charging (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Staff costs
Salaries, allowances and other benefits		$ 2,997	$ 4,991	$ 9,735	$ 9,125
Retirement benefit scheme contributions	[1]	77	66	133	168
Share of losses of joint ventures (including in other expenses)		1,366	1,363	404
Cost of hotel operations and related expenses (included in other expenses)		3,644	8,331	1,505
Depreciation and amortization		$ 1,441	$ 5,642	$ 1,312	$ 846
[1]The Group operates a Mandatory Provident Fund Scheme and Central Provident Fund Scheme for all qualifying employees in Hong Kong and Singapore, respectively. The assets of the schemes are held separately from those of the Group, in funds under the control of trustees.

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Oct. 31, 2023	Apr. 30, 2022	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Schedule of Basic and Diluted Earnings Per Share [Abstract]
Earnings for the purpose of basic earnings per share (in Dollars)	$ 31,940		$ 44,443	$ 42,059	$ 27,493
Earnings for the purpose of diluted earnings per share (in Dollars)	$ 31,940		$ 44,443	$ 42,059	$ 27,493
Weighted average number of ordinary shares for the purpose of basic earnings per share	76,748,858	67,579,432		76,602,929	74,159,933
Effect of dilutive potential ordinary shares - restricted ordinary shares and restricted shares unit	56,250	28,492		51,941	47,236
Weighted average number of ordinary shares for the purpose of diluted earnings per share	76,805,108	67,607,924		76,654,870	74,207,169

Acquisitions of Subsidiaries (D

Acquisitions of Subsidiaries (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2022	Oct. 31, 2024	Apr. 30, 2023
Business Acquisition [Line Items]
Net asset value			$ 274,831
Repurchase price			266,647
Non-controlling interests amount		$ 58,484
Investments increase in non-controlling		17,216
AMTD Assets [Member]
Business Acquisition [Line Items]
Net asset value		274,831
Repurchase price		266,647
Acquisition of AMTD Assets [Member]
Business Acquisition [Line Items]
Percentage of equity interest	96.10%
Acquisition-related cost
Acquisition of WM&E in 2024 [Member]
Business Acquisition [Line Items]
Net asset value		48,669
Non-controlling interests amount		(58,484)
WM&E [Member]
Business Acquisition [Line Items]
Net asset value		48,669
Non-controlling interests amount		102,610
Consolidation of Singapore hotel companies in 2024 [Member]
Business Acquisition [Line Items]
Accounts receivable		920
Other receivables		$ 622
Class B Ordinary Shares [Member]
Business Acquisition [Line Items]
Issuance of shares (in Shares)		18,838,906
Class B Ordinary Shares [Member] | Acquisition of AMTD Assets [Member]
Business Acquisition [Line Items]
Issuance of shares (in Shares)	515,385
Class A Ordinary Shares [Member] | Acquisition of WM&E in 2024 [Member]
Business Acquisition [Line Items]
Issuance of shares (in Shares)		21,485,714

Acquisitions of Subsidiaries -

Acquisitions of Subsidiaries - Schedule of Assets Acquired and Liabilities Recognized at the Date of Acquisition (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2023
Acquisition of AMTD Assets in 2023 [Member]
Schedule of Assets Acquired and Liabilities Recognized at the Date of Acquisition [Line Items]
Interests in joint ventures		$ 24,726
Property, plant and equipment		135,592
Cash and cash equivalents		3,860
Accounts receivable		527
Prepayments, deposits and other receivables		20,365
Amount due from a non-controlling shareholder		637
Accounts payables		(311)
Other payables and accruals		(1,582)
Contract liabilities		(688)
Bank borrowings		(50,849)
Amount due to a non-controlling shareholder		(53,464)
Amount due to AMTD Group		(81,972)
Assets acquired and liabilities recognized		$ (3,159)
Acquisition of WM&E in 2024 [Member]
Schedule of Assets Acquired and Liabilities Recognized at the Date of Acquisition [Line Items]
Property, plant and equipment	$ 15,496
Intangible assets	119,108
Financial assets at FVTPL	6,813
Cash and cash equivalents	4,784
Accounts receivable	3,968
Prepayments, deposits and other receivables	225
Accounts payables	(714)
Other payables and accruals	(4,023)
Contract liabilities	(423)
Bank borrowings	(11,086)
Deferred tax liability	(5,652)
Amount due to AMTD Group	(21,326)
Tax liabilities	(17)
Assets acquired and liabilities recognized	107,153
Less: non-controlling interests of WM&E	(58,484)
Other reserve attributable to the owners of the Company	48,669
Consolidation of Singapore hotel companies in 2024 [Member]
Schedule of Assets Acquired and Liabilities Recognized at the Date of Acquisition [Line Items]
Property, plant and equipment	189,826
Cash and cash equivalents	4,273
Accounts receivable	920
Prepayments, deposits and other receivables	622
Accounts payables	(116)
Other payables and accruals	(467)
Provisions	(1,406)
Contract liabilities	(471)
Amount due to shareholders	(47,157)
Bank borrowings	(159,722)
Non-controlling interests	6,817
Tax liabilities	(214)
Assets acquired and liabilities recognized	(7,095)
Interests in joint venture eliminated	$ (7,095)

Acquisitions of Subsidiaries _2

Acquisitions of Subsidiaries - Schedule of Reserves Arising on Acquisition (Details) $ in Thousands	Apr. 30, 2023 USD ($)
Schedule of Reserves Arising on Acquisition [Abstract]
Consideration transferred	$ 266,647
Plus: non-controlling interests of WME Assets	(336)
Plus: non-controlling interests of WME Assets’ subsidiaries	5,361
Less: recognized amounts of net assets acquired	3,159
Reserves arising on acquisition	$ 274,831

Acquisitions of Subsidiaries _3

Acquisitions of Subsidiaries - Schedule of Net Cash Inflow on Acquisition (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2023
WME Assets [Member]
Acquisitions of Subsidiaries - Schedule of Net Cash Inflow on Acquisition (Details) [Line Items]
Cash consideration paid
Cash and cash equivalent balances acquired		3,860
Net cash inflow on acquisition total		$ 3,860
WM&E [Member]
Acquisitions of Subsidiaries - Schedule of Net Cash Inflow on Acquisition (Details) [Line Items]
Cash and cash equivalent balances acquired	$ 4,784
Singapore hotel companies [Member]
Acquisitions of Subsidiaries - Schedule of Net Cash Inflow on Acquisition (Details) [Line Items]
Cash and cash equivalent balances acquired	$ 4,273

Assets Classified as Held for_3

Assets Classified as Held for Sale/ Liabilities Associated with Assets Classified as Held for Sale - Schedule of Major Classes of Assets and Liabilities of the Disposal Groups Classified as Held for Sale (Details) - Discontinued Operations, Held-for-Sale or Disposed of by Sale [Member] $ in Thousands	Oct. 31, 2023 USD ($)
Schedule of Major Classes of Assets and Liabilities of the Disposal Group Classified as Held for Sale [Line Items]
Goodwill	$ 7,500
Property, plant and equipment	62,953
Intangible assets	3,099
Accounts receivable	530
Prepayments, deposits and other receivables	214
Due from a minority shareholder of subsidiaries	2,182
Fiduciary bank balances	321
Cash and cash equivalents	246
Total assets classified as held for sale	77,045
Accounts payable	(484)
Due to AMTD Group	(15,233)
Other payables and accruals	(1,668)
Deferred tax liability	(527)
Total liabilities associated with assets classified as held for sale	$ (17,912)

Interests in Joint Ventures - S

Interests in Joint Ventures - Schedule of Interests in Joint Ventures (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Schedule of Interests in Joint Ventures [Line Items]
Cost of investments in joint ventures net of accumulated share of loss and other comprehensive expense		$ (6,999)
Due from joint ventures		23,774
Interest in joint venture		$ 16,775

Interests in Joint Ventures -_2

Interests in Joint Ventures - Schedule of Material Joint Ventures (Details) - DHI Holdings (S) Pte Ltd. [Member]	Oct. 31, 2023
Schedule of Material Joint Ventures [Line Items]
Place of incorporation	Singapore
Percentage of ownership interest held by the Company	51%
Principal activity	Hotel operations, hospitality and VIP services in Singapore

Interests in Joint Ventures -_3

Interests in Joint Ventures - Schedule of Financial Information in Respect of the Joint Ventures (Details) - USD ($) $ in Thousands	5 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Apr. 30, 2023	Apr. 30, 2022
Schedule of Financial Information in Respect of the Joint Ventures [Line Items]
Total assets		$ 537,497	$ 502,931	$ 537,497
Total liabilities		(159,301)	(344,172)	(159,301)
Group’s share of net assets of joint ventures		(6,999)		(6,999)
Due from joint ventures		23,774		23,774
Interests in joint ventures		16,775		16,775
Additional information of the joint ventures
Cash and cash equivalents		134,843	27,861	134,843	$ 152,930	$ 14,337
Bank borrowings		(65,565)	(83,374)	(65,565)
Revenue		24,952	20,445	11,997	48,452	42,211
Loss for the period		31,940	44,443	(2,678)	42,059	27,493
Other comprehensive income for the period		338	4,946	227	(613)	(4,251)
Total comprehensive expense for the period		31,124	46,621	(2,451)	$ 40,200	$ 21,589
Joint Ventures [Member]
Schedule of Financial Information in Respect of the Joint Ventures [Line Items]
Total assets		196,343		196,343
Total liabilities		(210,067)		(210,067)
Net liabilities		$ (13,724)		$ (13,724)
Proportion of the Group’s ownership		51%		51%
Group’s share of net assets of joint ventures		$ (6,999)		$ (6,999)
Due from joint ventures		23,774		23,774
Interests in joint ventures		16,775		16,775
Additional information of the joint ventures
Cash and cash equivalents		4,117		4,117
Amounts due to shareholders		(46,415)		(46,415)
Bank borrowings		$ (157,818)		$ (157,818)
Revenue
Loss for the period
Other comprehensive income for the period
Total comprehensive expense for the period

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Bank Borrowings [Member] | Properties [Member]
Property, Plant and Equipment [Line Items]
Properties, value	$ 273,448	$ 69,591

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024
Schedule of Property, Plant and Equipment [Line Items]
Cost beginning	$ 134,514	$ 70,452
Additions	17	159
Acquisition of subsidiaries		205,322
Disposal of subsidiaries	(2)
Reclassified as held for sale	(63,575)
Exchange realignment	(502)	4,506
Cost ending	70,452	280,439
Accumulated depreciation beginning	487	860
Provided for the period	998	5,159
Disposal of subsidiaries	(1)
Reclassified as held for sale	(625)
Exchange realignment	1	(28)
Accumulated depreciation ending	860	5,991
Carrying values	69,592	274,448
Properties [Member]
Schedule of Property, Plant and Equipment [Line Items]
Cost beginning	134,490	70,430
Additions	17	48
Acquisition of subsidiaries		204,389
Disposal of subsidiaries
Reclassified as held for sale	(63,575)
Exchange realignment	(502)	4,504
Cost ending	70,430	279,371
Accumulated depreciation beginning	469	839
Provided for the period	995	5,100
Disposal of subsidiaries
Reclassified as held for sale	(625)
Exchange realignment		(16)
Accumulated depreciation ending	839	5,923
Carrying values	69,591	273,448
Computer Equipment [Member]
Schedule of Property, Plant and Equipment [Line Items]
Cost beginning	24	22
Additions		111
Acquisition of subsidiaries		758
Disposal of subsidiaries	(2)
Reclassified as held for sale
Exchange realignment		2
Cost ending	22	893
Accumulated depreciation beginning	18	21
Provided for the period	3	59
Disposal of subsidiaries	(1)
Reclassified as held for sale
Exchange realignment	1	(12)
Accumulated depreciation ending	21	68
Carrying values	1	825
Right-of-use assets [Member]
Schedule of Property, Plant and Equipment [Line Items]
Cost beginning
Additions
Acquisition of subsidiaries		175
Disposal of subsidiaries
Reclassified as held for sale
Exchange realignment
Cost ending		175
Accumulated depreciation beginning
Provided for the period
Disposal of subsidiaries
Reclassified as held for sale
Exchange realignment
Accumulated depreciation ending
Carrying values		$ 175

Property, Plant and Equipment_3

Property, Plant and Equipment - Schedule of Estimated Useful Lives (Details)	Oct. 31, 2024
Computer Equipment [Member]
Property, Plant and Equipment - Schedule of Estimated Useful Lives (Details) [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Right-of-use assets [Member]
Property, Plant and Equipment - Schedule of Estimated Useful Lives (Details) [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Over the lease term
Properties [Member]
Property, Plant and Equipment - Schedule of Estimated Useful Lives (Details) [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Over the shorter of the useful life ranged 40-75 years and the remaining lease terms

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Intangible Assets [Line Items]
Carrying amounts	$ 119,108
Amortized on a straight-line basis term		20 years
Carrying amount	119,255	$ 279
Brand Name [Member]
Intangible Assets [Line Items]
Carrying amounts	118,606
Carrying amount	118,753	154
Archived Images [Member]
Intangible Assets [Line Items]
Carrying amounts	502
Carrying amount	502
Developed Technology [Member]
Intangible Assets [Line Items]
Carrying amounts
Amortized on a straight-line basis term	7 years
Carrying amount		125
“L’Officiel” [Member] | Brand Name [Member]
Intangible Assets [Line Items]
Carrying amount	92,670
“L’Officiel” [Member] | Archived Images [Member]
Intangible Assets [Line Items]
Carrying amount	502
The Art Newspaper [Member] | Brand Name [Member]
Intangible Assets [Line Items]
Carrying amount	$ 25,936
Maximum [Member] | “L’Officiel” [Member]
Intangible Assets [Line Items]
Percentage of growth rate	1.60%
Maximum [Member] | The Art Newspaper [Member]
Intangible Assets [Line Items]
Percentage of growth rate	1.80%
Minimum [Member] | “L’Officiel” [Member]
Intangible Assets [Line Items]
Percentage of growth rate	2.10%
Minimum [Member] | The Art Newspaper [Member]
Intangible Assets [Line Items]
Percentage of growth rate	2.10%
Brand Name [Member]
Intangible Assets [Line Items]
Intangible assets	$ 147	$ 154

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024
Schedule of Intangible Assets [Line Items]
Cost beginning		$ 329
Acquisition of subsidiaries		119,108
Exchange realignment		2
Cost ending	$ 329	119,439
Accumulated amortization beginning	17	50
Charge for the period	33	133
Exchange realignment		1
Carrying values	279	119,255
Accumulated amortization ending	50	184
Archived Images [Member]
Schedule of Intangible Assets [Line Items]
Cost beginning
Acquisition of subsidiaries		502
Exchange realignment
Cost ending		502
Accumulated amortization beginning
Charge for the period
Exchange realignment
Carrying values		502
Accumulated amortization ending
Developed Technology [Member]
Schedule of Intangible Assets [Line Items]
Cost beginning		154
Acquisition of subsidiaries
Exchange realignment
Cost ending	154	154
Accumulated amortization beginning		29
Charge for the period	29	124
Exchange realignment		1
Carrying values	125
Accumulated amortization ending	29	154
Brand Name [Member]
Schedule of Intangible Assets [Line Items]
Cost beginning		175
Acquisition of subsidiaries		118,606
Exchange realignment		2
Cost ending	175	118,783
Accumulated amortization beginning	17	21
Charge for the period	4	9
Exchange realignment
Carrying values	154	118,753
Accumulated amortization ending	$ 21	$ 30

Financial Assets at FVTPL (Deta

Financial Assets at FVTPL (Details)	6 Months Ended
	Oct. 31, 2023 USD ($)
Financial Assets at FVTPL [Abstract]
Disposed financial assets measured at FVTPL	$ 25,550
Gain on disposal	$ 16,281

Financial Assets at FVTPL - Sch

Financial Assets at FVTPL - Schedule of Financial Assets at FVTPL (Details) - USD ($) $ in Thousands		Oct. 31, 2024	Oct. 31, 2023
Schedule of Financial Assets at FVTPL [Line Items]
Financial assets at FVTPL gross		$ 36,799	$ 6,011
Current		12,123	5,723
Non-current	[1]	24,676	288
Financial assets at FVTPL net		36,799	6,011
Unlisted Equity Securities [Member]
Schedule of Financial Assets at FVTPL [Line Items]
Financial assets at FVTPL gross		1,191	488
Listed Equity Securities [Member]
Schedule of Financial Assets at FVTPL [Line Items]
Financial assets at FVTPL gross		23,485
Movie Income Right Investments [Member]
Schedule of Financial Assets at FVTPL [Line Items]
Financial assets at FVTPL gross	[2]	$ 12,123	$ 5,523
[1] The Company classified certain equity securities as non-current when these equity securities are held for long-term purposes and would realize their performance potential in the long run. The Group entered into movie income right agreements with certain production houses. In accordance with the relevant agreements, the Group is entitled to certain percentage of the profit to be derived from the release of the films upon entering into the agreement. The Group may be required to further contribute to the film program due to the budget overruns. Any agreed further contribution to the film program due to the budget overruns will be added to the carrying amounts of financial assets.

Accounts Receivable, Prepayme_3

Accounts Receivable, Prepayments, Deposits and Other Receivables (Details) - USD ($)	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Credit period of accounts receivable	90 days
Accounts receivable	$ 2,237	$ 380,000
Accounting Receivable Equal To Greater Than 90 Days Past Due [Member]
Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Accounts receivable	$ 1,030	$ 188,000
Minimum [Member]
Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Credit period of accounts receivable	0 days
Maximum [Member]
Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Credit period of accounts receivable	90 days

Accounts Receivable, Prepayme_4

Accounts Receivable, Prepayments, Deposits and Other Receivables - Schedule of Accounts Receivable, Prepayments, Deposits and Other Receivables (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Schedule of Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Total accounts receivable	$ 6,645	$ 934
Consideration receivable on disposal		34,133
Prepayments	1,337	1,053
Deposits	236	251
Note receivables		150
Other receivables	1,093	240
Prepayments, deposits and other receivables	2,666	35,827
Digital Solutions Services [Member]
Schedule of Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Total accounts receivable	662	403
Media and Entertainment Services [Member]
Schedule of Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Total accounts receivable	3,970
Hotel operations, hospitality and VIP services [Member]
Schedule of Accounts Receivable, Prepayments, Deposits and Other Receivables [Line Items]
Total accounts receivable	$ 2,013	$ 531

Accounts Payable, Other Payab_3

Accounts Payable, Other Payables and Accruals (Details)	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023
Accounts Payable, Other Payables and Accruals [Abstract]
Operating lease liabilities, description		Total liabilities	Total liabilities
Borrowing rate	3.72%	4.92%

Accounts Payable, Other Payab_4

Accounts Payable, Other Payables and Accruals - Schedule of Accounts Payable, Other Payables and Accruals (Details) - USD ($) $ in Thousands		Oct. 31, 2024	Oct. 31, 2023
Schedule of Accounts Payable, Other Payables and Accruals [Line Items]
Total accounts payable		$ 1,590	$ 69
Payable to former subsidiaries			15,346
Other payables and accruals		8,184	3,568
Interest payable		1,630
Lease liabilities (note)	[1]	186
Total other payables and accruals		10,000	18,914
Digital Solutions Services [Member]
Schedule of Accounts Payable, Other Payables and Accruals [Line Items]
Total accounts payable		408
Media and Entertainment Services [Member]
Schedule of Accounts Payable, Other Payables and Accruals [Line Items]
Total accounts payable		714
Hotel operations, hospitality and VIP services [Member]
Schedule of Accounts Payable, Other Payables and Accruals [Line Items]
Total accounts payable		$ 468	$ 69
[1]The weighted average incremental borrowing rate applied to lease liabilities

Bank Borrowings (Details)

Bank Borrowings (Details) - USD ($) $ in Thousands	1 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Bank Borrowings [Line Items]
Debt repayable	$ 10,088
Interest rate	4.32%	6.96%
Bank borrowings	$ 224,431	$ 50,565
Carrying amount	273,448	69,501
Short-Term Debt [Member]
Bank Borrowings [Line Items]
Debt repayable	164,136
Secured Debt [Member]
Bank Borrowings [Line Items]
Secured bank balance	33,000
Wall Street Journal Prime Rate [Member]
Bank Borrowings [Line Items]
Interest rate		0.25%
Borrowings [Member]
Bank Borrowings [Line Items]
Borrowings amount	83,374	$ 65,565
United States of America, Dollars | Unsecured Debt [Member]
Bank Borrowings [Line Items]
Bank borrowings		$ 15,000
United States of America, Dollars | Secured Debt [Member]
Bank Borrowings [Line Items]
Bank borrowings	$ 33,143

Bank Borrowings - Schedule of B

Bank Borrowings - Schedule of Bank Borrowings (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Schedule of Bank Borrowings [Line Items]
Bank Borrowings	$ 257,598	$ 65,565
Current	83,374	65,565
Non-current	174,224
Total bank Borrowings	257,598	65,565
United States Dollars [Member] | Unsecured Debt [Member]
Schedule of Bank Borrowings [Line Items]
Bank Borrowings		15,000
United States Dollars [Member] | Secured Debt [Member]
Schedule of Bank Borrowings [Line Items]
Bank Borrowings	44,204
Singapore Dollars [Member] | Secured Debt [Member]
Schedule of Bank Borrowings [Line Items]
Bank Borrowings	163,301
Hong Kong Dollars [Member] | Secured Debt [Member]
Schedule of Bank Borrowings [Line Items]
Bank Borrowings	50,069	50,565
British Pound [Member] | Unsecured Debt [Member]
Schedule of Bank Borrowings [Line Items]
Bank Borrowings	$ 24

Contract Liabilities - Schedule

Contract Liabilities - Schedule of Contract Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Schedule of Contract Liabilities [Line Items]
Contract liabilities	$ 1,184
Media and entertainment services income [Member]
Schedule of Contract Liabilities [Line Items]
Contract liabilities	424
Hotel operations, hospitality and VIP services income [Member]
Schedule of Contract Liabilities [Line Items]
Contract liabilities	$ 760

Deferred Tax Liability - Schedu

Deferred Tax Liability - Schedule of Deferred Tax Liability Recognized and Movements (Details) $ in Thousands	12 Months Ended
	Oct. 31, 2024 USD ($)
Schedule of Deferred Tax Liability Recognized and Movements [Abstract]
Beginning balance
Acquisition of subsidiaries	5,652
Ending balance	$ 5,652

Share Capital and Treasury Sh_3

Share Capital and Treasury Shares (Details) - USD ($) $ in Thousands				6 Months Ended		12 Months Ended
		Oct. 31, 2024	Dec. 31, 2023	Oct. 31, 2023		Oct. 31, 2024		Apr. 30, 2023
Share Capital and Treasury Shares [Line Items]
Ordinary shares fair value (in Dollars)				$ 5,602		$ 100,000		$ 229,186
Stock repurchased amount (in Dollars)		$ 447,522				$ 447,522		$ 318,882
Acquisition of World Media and Entertainment Universal Inc. [Member]
Share Capital and Treasury Shares [Line Items]
Consideration (in Dollars)			$ 100,000
Class A Ordinary Shares [Member]
Share Capital and Treasury Shares [Line Items]
Issuance of shares, share capital				380,065	[1]	21,485,714	[2]
Ordinary shares fair value (in Dollars)					[1]	$ 2	[2]
Repurchased shares	[3]
Stock repurchased amount (in Dollars)	[3]
Class A Ordinary Shares [Member] | Immediate holding company [Member]
Share Capital and Treasury Shares [Line Items]
Repurchased shares						18,285,714
Class A Ordinary Shares [Member] | Acquisition of World Media and Entertainment Universal Inc. [Member]
Share Capital and Treasury Shares [Line Items]
Issuance of shares, share capital				380,065		21,485,714
Ordinary shares fair value (in Dollars)				$ 5,602		$ 188,000
Treasury Shares [Member] | Acquisition of World Media and Entertainment Universal Inc. [Member]
Share Capital and Treasury Shares [Line Items]
Transfer of shares			100,961
Class B Ordinary Shares [Member]
Share Capital and Treasury Shares [Line Items]
Issuance of shares, share capital		91,346			[1]	192,307	[2]
Ordinary shares fair value (in Dollars)					[1]		[2]
Issuance of shares						18,838,906
Repurchased shares			553,192			18,838,906	[3]
Stock repurchased amount (in Dollars)	[3]					$ 2
Class B Ordinary Shares [Member] | Acquisition of World Media and Entertainment Universal Inc. [Member]
Share Capital and Treasury Shares [Line Items]
Transfer of shares			91,346
Issuance of shares						21,485,714
Class B Ordinary Shares [Member] | Maximum [Member]
Share Capital and Treasury Shares [Line Items]
Stock repurchased amount (in Dollars)						$ 447,522
[1] During the six months ended October 31, 2023, the Company issued 380,065 Class A ordinary shares at a fair value of US$5,602 for the purpose of an acquisition of a company by the immediate holding company.

Share Capital and Treasury Sh_4

Share Capital and Treasury Shares - Schedule of Share Capital and Treasury Shares (Details) - USD ($) $ in Thousands				6 Months Ended		12 Months Ended
		Oct. 31, 2024	Dec. 31, 2023	Oct. 31, 2023		Oct. 31, 2024		Apr. 30, 2023
Class of Stock [Line Items]
Issuance of shares, share capital				$ 5,602		$ 100,000		$ 229,186
Repurchases of shares, share capital		$ (447,522)				$ (447,522)		$ (318,882)
Class A ordinary shares [Member]
Class of Stock [Line Items]
Authorized, number of shares		8,000,000,000		8,000,000,000		8,000,000,000
Authorized, share capital		$ 800		$ 800		$ 800
Issued and fully paid, balance				10,928,142		11,308,207
Issued and fully paid, balance				$ 1		$ 1
Issuance of shares, number of shares				380,065	[1]	21,485,714	[2]
Issuance of shares, share capital					[1]	$ 2	[2]
Repurchases of shares, number of shares	[3]
Repurchases of shares, share capital	[3]
Shares owned by non-wholly owned subsidiaries	[2]
Shares owned by non-wholly owned subsidiaries	[2]
Issued and fully paid, balance		32,793,921		11,308,207		32,793,921		10,928,142
Issued and fully paid, balance		$ 3		$ 1		$ 3		$ 1
Class B ordinary shares [Member]
Class of Stock [Line Items]
Authorized, number of shares		2,000,000,000		8,000,000,000		2,000,000,000
Authorized, share capital		$ 200		$ 800		$ 200
Issued and fully paid, balance				65,549,039		65,549,039
Issued and fully paid, balance				$ 7		$ 7
Issuance of shares, number of shares		91,346			[1]	192,307	[2]
Issuance of shares, share capital					[1]		[2]
Repurchases of shares, number of shares			(553,192)			(18,838,906)	[3]
Repurchases of shares, share capital	[3]					$ (2)
Shares owned by non-wholly owned subsidiaries	[2]
Shares owned by non-wholly owned subsidiaries	[2]
Issued and fully paid, balance		46,902,440		65,549,039		46,902,440		65,549,039
Issued and fully paid, balance		$ 5		$ 7		$ 5		$ 7
Stockholders' Equity [Member]
Class of Stock [Line Items]
Authorized, number of shares		10,000,000,000		8,000,000,000		10,000,000,000
Authorized, share capital		$ 1,000		$ 800		$ 1,000
Issued and fully paid, balance				76,477,181		76,857,246
Issued and fully paid, balance				$ 8		$ 8
Issuance of shares, number of shares				380,065	[1]	21,678,021	[2]
Issuance of shares, share capital					[1]	$ 2	[2]
Repurchases of shares, number of shares	[3]					(18,838,906)
Repurchases of shares, share capital	[3]					$ (2)
Shares owned by non-wholly owned subsidiaries	[2]
Shares owned by non-wholly owned subsidiaries	[2]
Issued and fully paid, balance		79,696,361		76,857,246		79,696,361		76,477,181
Issued and fully paid, balance		$ 8		$ 8		$ 8		$ 8
Treasury shares [Member] | Class B ordinary shares [Member]
Class of Stock [Line Items]
Authorized, number of shares				8,000,000,000
Authorized, share capital				$ 800
Issued and fully paid, balance				100,961		100,961
Issued and fully paid, balance				$ 52,235		$ 52,235
Issuance of shares, number of shares					[1]	(100,961)	[2]
Issuance of shares, share capital					[1]	$ (52,520)	[2]
Repurchases of shares, number of shares	[3]					18,838,906
Repurchases of shares, share capital	[3]					$ 447,520
Shares owned by non-wholly owned subsidiaries	[2]					21,485,714
Shares owned by non-wholly owned subsidiaries	[2]					$ 187,998
Issued and fully paid, balance		40,324,620		100,961		40,324,620		100,961
Issued and fully paid, balance		$ 635,233		$ 52,235		$ 635,233		$ 52,235
[1] During the six months ended October 31, 2023, the Company issued 380,065 Class A ordinary shares at a fair value of US$5,602 for the purpose of an acquisition of a company by the immediate holding company.

Share Capital and Treasury Sh_5

Share Capital and Treasury Shares - Schedule of Share Capital and Treasury Shares (Parentheticals) (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Class A ordinary shares [Member]
Class of Stock [Line Items]
Authorized, Number of shares	8,000,000,000	8,000,000,000
Authorized, Share capital	$ 800	$ 800
Ordinary shares par value		$ 0.0001
Class B ordinary shares [Member]
Class of Stock [Line Items]
Authorized, Number of shares	2,000,000,000	8,000,000,000
Authorized, Share capital	$ 200	$ 800
Ordinary shares par value		$ 0.0001
Stockholders' Equity [Member]
Class of Stock [Line Items]
Authorized, Number of shares	10,000,000,000	8,000,000,000
Authorized, Share capital	$ 1,000	$ 800
Ordinary shares par value		$ 0.0001
Treasury shares [Member] | Class B ordinary shares [Member]
Class of Stock [Line Items]
Authorized, Number of shares		8,000,000,000
Authorized, Share capital		$ 800
Ordinary shares par value		$ 0.0001

Fair Value Measurement of Fin_3

Fair Value Measurement of Financial Instruments - Schedule of Fair Values of Financial Assets (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Financial assets at FVTPL - listed equity securities [Member] | Level 1 [Member]
Schedule of Fair Values of Financial Assets [Line Items]
Fair value	$ 23,485
Valuation technique(s) and key inputs	Quoted prices in active market
Financial assets at FVTPL - unlisted equity securities [Member] | Level 2 [Member]
Schedule of Fair Values of Financial Assets [Line Items]
Fair value	$ 1,191	488
Valuation technique(s) and key inputs	The fair values of unlisted equity investments are determined with reference to the recent transaction price of the investments.
Movie Income Right Investments [Member] | Level 2 [Member]
Schedule of Fair Values of Financial Assets [Line Items]
Fair value	$ 6,463	1,605
Valuation technique(s) and key inputs	The fair values of unlisted equity investments are determined with reference to the recent transaction price of the investments.
Movie Income Right Investments [Member] | Level 3 [Member]
Schedule of Fair Values of Financial Assets [Line Items]
Fair value	$ 5,660	$ 3,918
Valuation technique(s) and key inputs	Income approach - in this approach, the discounted cash flow method was used to capture the present value of the expected future economic benefits to be derived from the investments in these movie income right investments, based on an appropriate discount rate.

Fair Value Measurement of Fin_4

Fair Value Measurement of Financial Instruments - Schedule of Reconciliation of Level 3 Fair Value Measurements (Details) - Unlisted investments classified as equity instruments at FVTPL [Member] - Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024
Schedule of Reconciliation of Level 3 Fair Value Measurements [Line Items]
Beginning Balance	$ 13,924	$ 3,918
Total gains in profit or loss	16,281
Disposals	(25,550)
Transfer from Level 2		1,605
Exchange realignment	(737)	137
Ending Balance	$ 3,918	$ 5,660

Related Party Disclosures (Deta

Related Party Disclosures (Details) - USD ($) $ in Thousands						6 Months Ended		12 Months Ended
		Oct. 31, 2024	Dec. 31, 2023	Oct. 31, 2023	Apr. 30, 2023	Oct. 31, 2023		Oct. 31, 2024		Apr. 30, 2023
Related Party Disclosure [Line Items]
Remuneration management amount								$ 300
Bearing interest rate		2%		2%		2%		2%
Interest bearing balance				$ 7,669
Variable rate								1.15%
Non-interest bearing				20,156				$ 63,893
Repurchased shares, value		$ 447,522						447,522		$ 318,882
Other receivables		1,093		240		$ 240		1,093
Consideration amount		100,000
Non-controlling Shareholder [Member]
Related Party Disclosure [Line Items]
Interest bearing balance				$ 25,564
Variable rate								1.15%
AMTD Group [Member]
Related Party Disclosure [Line Items]
Other receivables		116,430						$ 116,430
Other Payables		$ 15,346						15,346
Consideration amount								$ 26,344
Common Class B [Member]
Related Party Disclosure [Line Items]
Repurchased shares (in Shares)			553,192					18,838,906	[1]
Repurchased shares, value	[1]							$ 2
Company transferred treasury shares (in Shares)		100,961						100,961
Ordinary shares company issued (in Shares)		91,346					[2]	192,307	[3]
Common Class B [Member] | Immediate holding company [Member]
Related Party Disclosure [Line Items]
Repurchased shares (in Shares)					616,346			18,285,714
Repurchased shares, value					$ 318,882			$ 553,192
[1]In December 2023 and October 2024, the Company repurchased 553,192 and 18,285,714 Class B ordinary shares from the immediate holding company, respectively, amounting to US$447,522 in aggregate.[2] During the six months ended October 31, 2023, the Company issued 380,065 Class A ordinary shares at a fair value of US$5,602 for the purpose of an acquisition of a company by the immediate holding company.

Related Party Disclosures - Sch

Related Party Disclosures - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2024	Apr. 30, 2023	Apr. 30, 2022
Ultimate holding company [Member]
Related Party Transaction [Line Items]
Relationship		Ultimate holding company
Nature of transactions	$ 32	$ 5	$ 7	$ 11
Amount of transactions		Insurance brokerage services
Ultimate holding company [Member]
Related Party Transaction [Line Items]
Relationship		Ultimate holding company
Nature of transactions	1,278	$ 2,562	2,169	1,641
Amount of transactions		Digital solutions services
Ultimate holding company [Member]
Related Party Transaction [Line Items]
Relationship		Ultimate holding company
Nature of transactions	1,533	$ 1,865	1,212	910
Amount of transactions		Corporate expenses allocated
Fellow subsidiaries [Member]
Related Party Transaction [Line Items]
Relationship		Fellow subsidiaries
Nature of transactions	1	$ 36	52	74
Amount of transactions		Insurance brokerage services
Immediate holding company [Member]
Related Party Transaction [Line Items]
Relationship		Immediate holding company
Nature of transactions		$ 447,522	318,882
Amount of transactions		Repurchase of shares of the Company
Ultimate holding company [Member]
Related Party Transaction [Line Items]
Relationship		Ultimate holding company
Nature of transactions	$ 6,154	$ 13,923	$ 6,612
Amount of transactions		Interest income

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Thousands			6 Months Ended	12 Months Ended
	Aug. 03, 2023	Jul. 31, 2021	Oct. 31, 2023	Oct. 31, 2024
Share-Based Compensation [Line Items]
Share-based payment expense			$ 83	$ 86
Unrecognized compensation cost
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation [Line Items]
Vesting period		3 years
Class A Ordinary Shares [Member]
Share-Based Compensation [Line Items]
Number of shares granted (in Shares)	38,710
Class A Ordinary Shares [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation [Line Items]
Number of shares granted (in Shares)		17,540

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ in Millions	Nov. 30, 2024 USD ($) shares
Acquisition of World Media and Entertainment Universal Inc. [Member]
Subsequent Events [Line Items]
Consideration amount (in Dollars) | $	$ 100
Non-Voting Redeemable Ordinary Shares [Member]
Subsequent Events [Line Items]
Share issue	1,680
Class A ordinary Share [Member] | World Media and Entertainment Universal Inc. [Member]
Subsequent Events [Line Items]
Share issue	13,333,333