Perfect (PERF) 20-F 29 Mar 24 2023 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2023 shares
Entity Addresses [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-41540
Entity Registrant Name	Perfect Corp.
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	14F, No. 98 Minquan Road Xindian District
Entity Address, City or Town	New Taipei City
Entity Address, Postal Zip Code	231
Entity Address, Country	TW
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	International Financial Reporting Standards
Entity Shell Company	false
Entity Central Index Key	0001899830
Document Fiscal Year Focus	2023
Amendment Flag	false
Document Fiscal Period Focus	FY
Perfect Class A Ordinary Shares
Entity Addresses [Line Items]
Title of 12(b) Security	Class A Ordinary Shares
Trading Symbol	PERF
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	85,059,953
Perfect Class B Ordinary Shares
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	16,788,718
Warrants
Entity Addresses [Line Items]
Title of 12(b) Security	Warrants
Trading Symbol	PERF WS
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	20,849,975
Business Contact
Entity Addresses [Line Items]
Entity Address, Address Line One	14F, No. 98 Minquan Road Xindian District
Entity Address, City or Town	New Taipei City
Entity Address, Postal Zip Code	231
Entity Address, Country	TW
Contact Personnel Name	Iris Chen
Contact Personnel Email Address	investor_relations@perfectcorp.com
City Area Code	2
Local Phone Number	8667-1265

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Firm ID	1345
Auditor Name	PricewaterhouseCoopers
Auditor Location	Taipei, Taiwan

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 123,871	$ 162,616
Current financial assets at amortized cost	30,300	30,000
Current contract assets	2,770	3,660
Accounts receivable	6,992	7,756
Other receivables	343	314
Current income tax assets	311	77
Inventories	33	45
Other current assets	4,042	4,705
Total current assets	168,662	209,173
Non-current assets
Property, plant and equipment	380	289
Right-of-use assets	847	323
Intangible assets	77	119
Deferred income tax assets	257	244
Guarantee deposits paid	140	125
Total non-current assets	1,701	1,100
Total assets	170,363	210,273
Current liabilities
Current contract liabilities	15,346	13,024
Other payables	10,331	9,308
Other payables – related parties	50	63
Current tax liabilities	21	155
Current provisions	2,394	1,855
Current lease liabilities	481	251
Other current liabilities	277	261
Total current liabilities	28,900	24,917
Non-current liabilities
Non-current financial liabilities at fair value through profit or loss	1,566	3,207
Non-current lease liabilities	387	87
Net defined benefit liability, non-current	79	73
Guarantee deposits received	25	25
Total non-current liabilities	2,057	3,392
Total liabilities	30,957	28,309
Equity
Capital stock	10,192	11,826
Capital surplus
Capital surplus	510,399	556,429
Retained earnings
Accumulated deficit	(380,472)	(385,884)
Other equity interest
Other equity interest	(523)	(407)
Treasury shares	(190)	0
Total equity	139,406	181,964
Total liabilities and equity	170,363	210,273
Perfect Class A Ordinary Shares
Equity
Capital stock	8,513	10,147
Perfect Class B Ordinary Shares
Equity
Capital stock	$ 1,679	$ 1,679

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement
Ordinary shares (in USD per share)		$ 0.1	$ 0.1
Perfect Class B Ordinary Shares
Statement
Ordinary shares (in USD per share)	$ 0.1	0.1
Perfect Class A Ordinary Shares
Statement
Ordinary shares (in USD per share)	$ 0.1	$ 0.1

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Profit or loss [abstract]
Revenue	$ 53,505	$ 47,300	$ 40,760
Cost of sales and services	(10,400)	(7,130)	(5,736)
Gross profit	43,105	40,170	35,024
Operating expenses
Sales and marketing expenses	(25,725)	(24,544)	(25,287)
General and administrative expenses	(11,582)	(76,219)	(4,936)
Research and development expenses	(11,458)	(10,481)	(9,838)
Total operating expenses	(48,765)	(111,244)	(40,061)
Operating loss	(5,660)	(71,074)	(5,037)
Non-operating income and expenses
Interest income	9,498	2,029	131
Other income	33	75	118
Other gains and losses	1,675	(92,474)	(151,638)
Finance costs	(15)	(8)	(9)
Total non-operating income and expenses	11,191	(90,378)	(151,398)
Income (loss) before income tax	5,531	(161,452)	(156,435)
Income tax expense	(115)	(292)	(417)
Net income (loss)	5,416	(161,744)	(156,852)
Components of other comprehensive income (loss) that will not be reclassified to profit or loss
Actuarial gains (losses) on defined benefit plans	(4)	22	(24)
Credit risk changes in financial instrument - Preferred shares	0	(7)	(58)
Total components of other comprehensive income (loss) that will not be reclassified to profit or loss	(4)	15	(82)
Components of other comprehensive income (loss) that will be reclassified to profit or loss
Exchange differences arising on translation of foreign operations	(116)	(1,097)	123
Other comprehensive income (loss), net	(120)	(1,082)	41
Total comprehensive income (loss)	5,296	(162,826)	(156,811)
Net income (loss) attributable to:
Shareholders of the parent	5,416	(161,744)	(156,852)
Total comprehensive income (loss) attributable to:
Shareholders of the parent	$ 5,296	$ (162,826)	$ (156,811)
Earnings (loss) per share (in dollars)
Basic earnings (loss) per share of class A and class B ordinary shares (in USD per share)	$ 0.05	$ (2.37)	$ (2.96)
Diluted earnings (loss) per share of class A and class B ordinary shares (in USD per share)	$ 0.05	$ (2.37)	$ (2.96)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Additional paid-in capital	Other	Accumulated deficit	Exchange differences arising on translation of foreign operations	Credit risks changes in financial instrument-Preferred shares	Treasury shares	Capital stock
Beginning balance at Dec. 31, 2020	$ (35,743)	$ 125	$ 946	$ (67,221)	$ 567	$ 0	$ 0	$ 29,840
Net income (loss)	(156,852)			(156,852)
Other comprehensive income (loss)	41			(24)	123	(58)
Total comprehensive income (loss)	(156,811)			(156,876)	123	(58)
Share-based payment transactions	1,782		1,782
Employee stock options exercised	330	183	(165)					312
Ending balance at Dec. 31, 2021	(190,442)	308	2,563	(224,097)	690	(58)	0	30,152
Net income (loss)	(161,744)			(161,744)
Other comprehensive income (loss)	(1,082)			22	(1,097)	(7)
Total comprehensive income (loss)	(162,826)			(161,722)	(1,097)	(7)
Share-based payment transactions	2,175		2,175
Employee stock options exercised	5,592	5,447	(2,518)					2,663
Issuance of ordinary shares upon Recapitalization, net of issuance costs	103,963	102,237						1,726
Conversion of Perfect common shares as part of the Recapitalization, including listing expense	423,502	446,217						(22,715)
Reclassification adjustment- Credit risks changes in financial instrument	0			(65)		65
Ending balance at Dec. 31, 2022	181,964	554,209	2,220	(385,884)	(407)	0	0	11,826
Net income (loss)	5,416			5,416
Other comprehensive income (loss)	(120)			(4)	(116)
Total comprehensive income (loss)	5,296			5,412	(116)
Share-based payment transactions	3,210		3,210
Shares repurchased and retired	(51,064)	(76,475)	27,235				(190)	(1,634)
Ending balance at Dec. 31, 2023	$ 139,406	$ 477,734	$ 32,665	$ (380,472)	$ (523)	$ 0	$ (190)	$ 10,192

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Profit (loss) before tax	$ 5,531	$ (161,452)	$ (156,435)
Adjustments to reconcile profit (loss)
Depreciation expense	638	703	598
Amortization expense	75	63	47
Interest income	(9,498)	(2,029)	(131)
Interest expense	15	8	9
Net (gains) losses on financial liabilities at fair value through profit or loss	(1,641)	93,777	150,745
Share-based payment transactions	3,210	2,175	1,782
Recognition of listing expense	0	65,264	0
Changes in operating assets and liabilities
Accounts receivable	759	(1,479)	(1,059)
Current contract assets	866	(3,701)	0
Other receivables	3	(3)	7
Other receivables – related parties	0	0	16
Inventories	12	43	0
Other current assets	662	(4,418)	(78)
Current contract liabilities	2,366	4,783	4,108
Other payables	1,050	772	1,653
Other payables – related parties	(12)	(2)	(11)
Current provisions	565	897	586
Other current liabilities	27	(80)	255
Net defined benefit liability, non-current	3	1	0
Cash inflow (outflow) generated from operations	4,631	(4,678)	2,092
Interest received	9,464	1,724	129
Interest paid	(15)	(8)	(9)
Income tax paid	(502)	(343)	(664)
Net cash flows from (used in) operating activities	13,578	(3,305)	1,548
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at amortized cost	(196,100)	(30,000)	0
Proceeds from disposal of financial assets at amortized cost	195,800	0	0
Acquisition of property, plant and equipment	(289)	(165)	(154)
Acquisition of intangible assets	(33)	(93)	(32)
Increase in guarantee deposits paid	(15)	0	(27)
Net cash flows used in investing activities	(637)	(30,258)	(213)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of principal portion of lease liabilities	(435)	(457)	(393)
Employee stock options exercised	0	5,592	330
Proceed received upon recapitalization	0	112,893	0
Payments to acquire treasury shares	(51,064)	0	0
Net cash flows from (used in) financing activities	(51,499)	118,028	(63)
Effects of exchange rates changes on cash and cash equivalents	(187)	(2,302)	163
Net increase (decrease) in cash and cash equivalents	(38,745)	82,163	1,435
Cash and cash equivalents at beginning of year	162,616	80,453	79,018
Cash and cash equivalents at end of year	$ 123,871	$ 162,616	$ 80,453

History and Organization

History and Organization	12 Months Ended
	Dec. 31, 2023
History and Organization
History and Organization	History and Organization Perfect Corp. (the “Company” or “Perfect”), is a Cayman Islands exempted company with limited liability, which incorporated on February 13, 2015 with registered address PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. The Company and its subsidiaries (collectively referred herein as the “Group”) are SaaS technology companies offering AR/AI solution dedicated to the beauty and fashion industry as well as mobile applications to consumers. The principal place of business is at 14F, No. 98 Minquan Road, Xindian District, New Taipei City 231, Taiwan. On October 28, 2022 (the “Closing Date”), the Company consummated the previously announced merger transaction pursuant to the Business Combination Agreement dated as of March 3, 2022, by and among Perfect, Beauty Corp., a wholly-owned subsidiary of Perfect, Fashion Corp., a wholly-owned subsidiary of Perfect, and Provident Acquisition Corp. (“Provident”). Pursuant to the Business Combination Agreement, dated as of March 3, 2022, Beauty Corp., a Cayman Islands exempted company with limited liability, merged with and into Provident (the “First Merger”), a special purpose acquisition company incorporated in the Cayman Islands and listed on the Nasdaq Stock Market (“NASDAQ”), with Provident surviving as a wholly-owned subsidiary of Perfect, and then immediately following the First Merger, Provident merged with and into Fashion Corp. (the “Second Merger”), a Cayman Islands exempted company with limited liability, with Fashion Corp. surviving as a wholly-owned subsidiary of Perfect. The consummation of the merger transactions was referred to as the “Closing”, dated as of October 28, 2022. In connection with the merger, each Perfect original share (consisting of Perfect common share, par value $0.1 (in dollars) per share, and Perfect preferred share, par value $0.1 (in dollars) per share) converted to Perfect Class A or Perfect Class B ordinary share, par value $0.1 (in dollars) per share, based on a conversion ratio 0.17704366. Each Provident share (consisting of Provident Class A ordinary share, par value $0.0001 (in dollars) per share, and Provident Class B ordinary share, par value $0.0001 (in dollars) per share) converted to one Perfect Class A ordinary share. Upon the consummation of the mergers and the other transactions contemplated by the Business Combination Agreement, the shareholders of Provident became shareholders of Perfect, and the Company became a publicly traded company on the New York Stock Exchange (“NYSE”) on October 31, 2022. The merger transaction pursuant to the Business Combination Agreement is accounted for as a recapitalization. Please refer to Note 6(26) “Recapitalization”. On November 24, 2023, the Board of Directors approved a tender offer to purchase up to 16,129,032 Class A Ordinary Shares at a price of $3.10 (in dollars) per share for an aggregate purchase price of approximately $50,000, subject to certain limitations and legal requirements. The Board of Directors has concluded that the tender offer is a prudent use of our available cash from operations and other financial resources and delivers value to our shareholders. The Board of Directors has also determined that a cash tender offer is an appropriate mechanism to return capital to shareholders that seek liquidity under current market conditions while, at the same time, allowing shareholders who do not participate in the tender offer to share in a higher proportion of our future potential.

The Date of Authorisation for I

The Date of Authorisation for Issuance of the Financial Statements and Procedures for Authorisation	12 Months Ended
	Dec. 31, 2023
The Date of Authorisation for Issuance of the Financial Statements and Procedures for Authorisation
The Date of Authorisation for Issuance of the Financial Statements and Procedures for Authorisation	The Date of Authorization for Issuance of the Financial Statements and Procedures for Authorization These consolidated financial statements were authorized for issuance by the Board of Directors on March 29, 2024.

Application of New Standards, A

Application of New Standards, Amendments and Interpretations	12 Months Ended
	Dec. 31, 2023
Disclosure of initial application of standards or interpretations [abstract]
Application of New Standards, Amendments and Interpretations	Application of New Standards, Amendments and Interpretations 3(1) New and amended standards adopted by the Group New standards, interpretations and amendments issued by International Accounting Standards Board (the “IASB”) and became effective from 2023 are as follows: New Standards, Interpretations and Amendments Effective date by IASB IFRS 17, ‘Insurance contracts’ January 1, 2023 Amendments to IFRS 17, ‘Insurance contracts’ January 1, 2023 Amendments to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 - comparative information’ January 1, 2023 Amendments to IAS 1, ‘Disclosure of accounting policies’ January 1, 2023 Amendments to IAS 8, ‘Definition of accounting estimates’ January 1, 2023 Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’ January 1, 2023 Amendments to IAS 12, ‘International tax reform - pillar two model rules’ May 23, 2023 The above standards and interpretations had no significant impact to the Group’s financial condition and financial performance based on the Group’s assessment. 3(2) New and revised International Financial Reporting Standards not yet adopted New and amendments to IFRSs which have been published but are not mandatory for the financial period ending December 31, 2023 are listed below: New Standards, Interpretations and Amendments Effective date by IASB Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ To be determined by IASB Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’ January 1, 2024 Amendments to IAS 1, ‘Classification of liabilities as current or non-current’ January 1, 2024 Amendments to IAS 1, ‘Non-current liabilities with covenants’ January 1, 2024 Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’ January 1, 2024 Amendments to IAS 21, ‘Lack of exchangeability’ January 1, 2025 The above standards and interpretations are not expected to have significant impact to the Group’s financial position and financial performance based on the Group’s assessment.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated. 4(1) Compliance statement The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards as issued by the IASB (“IFRSs”). 4(2) Basis of preparation A. Except for the following items, the consolidated financial statements have been prepared under the historical cost convention: (a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss. (b) Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligation. B. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5. 4(3) Basis of consolidation A. Basis for preparation of consolidated financial statements: (a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries. (b) Inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group. (c) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognized in profit or loss. All amounts previously recognized in other comprehensive income in relation to the subsidiary are reclassified to profit or loss on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognized in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of. B. Subsidiaries included in the consolidated financial statements: Ownership (%) Name of investor Name of subsidiary Main business activities December 31, December 31, The Company Perfect Mobile Corp. (Taiwan) Design, development, marketing and sales of AR/AI SaaS solution and mobile applications. 100% 100% The Company Perfect Corp. (USA) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Corp. (Japan) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Corp. (Shanghai) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Mobile Corp.(B.V.I.) Investment activities. 100% 100% The Company Fashion Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% —% (Note ii) Perfect Mobile Corp. (Taiwan) Perfect Corp. (France) Marketing and service center for sales of AR/AI SaaS solution. 100% (Note i) 100% Note i: Perfect Corp. (France) was established in 2022 and with no business activity during 2022. Note ii. Fashion Corp. was dissolved on April 13, 2023. C. Subsidiaries not included in the consolidated financial statements: None. D. Adjustments for subsidiaries with different balance sheet dates: None. E. Significant restrictions: None. F. Subsidiaries that have non-controlling interests that are material to the Group: None. 4(4) Foreign currency translation Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in United States dollars, which is the Company’s functional and the Group’s presentation currency. A. Foreign currency transactions and balances (a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognized in profit or loss in the period in which they arise. (b) Monetary assets and liabilities denominated in foreign currencies at the period end are re-translated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognized in profit or loss. (c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions. (d) All foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’. B. Translation of foreign operations The operating results and financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: (a) Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet; (b) Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and (c) All resulting exchange differences are recognized in other comprehensive income. C. When there is a change in an entity’s functional currency, the entity shall apply the translation procedures applicable to the new functional currency accordingly from the date of the change. 4(5) Classification of current and non-current items A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets: (a) Assets arising from operating activities that are expected to be realized, or are intended to be sold or consumed within the normal operating cycle; (b) Assets held mainly for trading purposes; (c) Assets that are expected to be realized within twelve months from the balance sheet date; (d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to settle liabilities more than twelve months after the balance sheet date. B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities: (a) Liabilities that are expected to be settled within the normal operating cycle; (b) Liabilities arising mainly from trading activities; (c) Liabilities that are to be settled within twelve months from the balance sheet date; (d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification. 4(6) Cash equivalents Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits with a maturity of 3 months or less, meeting the definition above and are held for the purpose of meeting short-term cash commitments in operations, are classified as cash equivalents. 4(7) Financial assets at amortized cost A. Financial assets at amortized cost are those that meet all of the following criteria: (a) The objective of the Group’s business model is achieved by collecting contractual cash flows. (b) The assets’ contractual cash flows represent solely payments of principal and interest. B. On a regular way purchase or sale basis, financial assets at amortized cost are recognized and derecognized using trade date accounting. C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognized in profit or loss when the asset is derecognized or impaired. D. The Group’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial. 4(8) Accounts receivable A. Accounts receivable entitle the Group a legal right to receive consideration in exchange for transferred goods or rendered services. B. The short-term accounts receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial. 4(9) Impairment of financial assets For financial assets at amortized cost, at each reporting date, the Group recognizes the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognizes the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Group recognizes the impairment provision for lifetime ECLs. 4(10) Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to receive the cash flows from the financial asset expire. 4(11) Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted-average method. The item by item approach is used in applying the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and the estimated costs necessary to make the sale. 4(12) Property, plant and equipment A. Property, plant and equipment are initially recorded at cost. B. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred. C. Property, plant and equipment apply cost model and are depreciated using the straight-line method, except that the accelerated depreciation method is used by the US subsidiary, to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately. D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property, plant and equipment are as follows: Leasehold improvements 2~3 years (or the lesser of the contract period of the lease) Machinery 3 years Office equipment 5 years 4(13) Leasing arrangements (lessee)  —  right-of-use assets/ lease liabilities A. Leases are recognized as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of low-value assets, lease payments are recognized as an expense on a straight-line basis over the lease term. B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are comprised of fixed payments, less any lease incentives receivable. The Group subsequently measures the lease liability at amortized cost using the interest method and recognizes interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognized as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications. C. At the commencement date, the right-of-use asset is stated at cost comprising the amount of the initial measurement of lease liability. The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognized as an adjustment to the right-of-use asset. 4(14) Intangible assets A. Computer software Computer software is stated at cost and amortized on a straight-line basis over its estimated useful life of 3 years. B. Other intangible assets, mainly composed of royalties which paid for program source code and intellectual property rights, are amortized on a straight-line basis over their estimated useful lives of 3 years. 4(15) Impairment of non-financial assets The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. When the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortized historical cost would have been if the impairment had not been recognized. 4(16) Accounts payable A. Accounts payable are liabilities for purchases of goods or services. B. The short-term accounts payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial. 4(17) Financial liabilities at fair value through profit or loss A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorized as financial liabilities held for trading unless they are designated as hedges. Financial liabilities that meet one of the following criteria are designated as financial liabilities at fair value through profit or loss on initial recognition: (a) Hybrid (combined) contracts; or (b) They eliminate or significantly reduce a measurement or recognition inconsistency; or (c) They are managed and their performance is evaluated on a fair value basis, in accordance with a documented risk management policy. As part of Business Combination, warrants sold and issued by Provident were automatically converted to Perfect Warrants. These warrants are financial liabilities measured at fair value through profit or loss. The issuances of the preferred shares with the conversion options by the Group, was recognized under ‘financial liabilities designated as at fair value through profit or loss on initial recognition’ due to their compound instrument feature. B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss. C. If the credit risk results in fair value changes in financial liabilities designated as at fair value through profit or loss, they are recognized in other comprehensive income in the circumstances other than avoiding accounting mismatch or recognizing in profit or loss for loan commitments or financial guarantee contracts. 4(18) Derecognition of financial liabilities A financial liability is derecognized when the obligation specified in the contract is either discharged or cancelled or expires. 4(19) Provisions Provisions (warranties) are recognized when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are measured at the initial estimated amount as the effect of discounting is immaterial. 4(20) Employee benefits A. Short-term employee benefits Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognized as expense in that period when the employees render service. B. Pensions (a) Defined contribution plans For defined contribution plans, the contributions are recognized as pension expense when they are due on an accrual basis. Prepaid contributions are recognized as an asset to the extent of a cash refund or a reduction in the future payments. (b) Defined benefit plan i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Group in current period or prior periods. The liability recognized in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability; when there is no deep market in high-quality corporate bonds, the Group uses interest rates of government bonds (at the balance sheet date) instead. ii. Remeasurements arising on defined benefit plans are recognized in other comprehensive income in the period in which they arise and are recorded as retained earnings. 4(21) Employee share-based payment A. For the equity-settled share-based payment arrangements, the employee services received are measured at the fair value of the equity instruments granted at the grant date, and are recognized as compensation cost over the vesting period, with a corresponding adjustment to equity. The fair value of the equity instruments granted shall reflect the impact of market vesting conditions and non-vesting conditions. Compensation cost is subject to adjustment based on the service conditions that are expected to be satisfied and the estimates of the number of equity instruments that are expected to vest under the non-market vesting conditions at each balance sheet date. Ultimately, the amount of compensation cost recognized is based on the number of equity instruments that eventually vest. B. If the modification occurs during the vesting period, the incremental fair value granted is included in the measurement of the amount recognized for services received over the period from the modification date until the date when the modified equity instruments vest, in addition to the amount based on the grant date fair value of the original equity instruments, which is recognized over the remainder of the original vesting period. 4(22) Income tax A. The tax expense for the period comprises current and deferred tax. Tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized in other comprehensive income or equity. B. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings of the Company’s subsidiary in Taiwan and is recorded as income tax expense in the year the stockholders resolve to retain the earnings. C. Deferred income tax is recognized, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. However, the deferred income tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss and does not give rise to equal taxable and deductible temporary differences. Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. D. Deferred income tax assets are recognized only to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At each balance sheet date, unrecognized and recognized deferred income tax assets are reassessed. E. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax income assets against current income tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously. 4(23) Share capital A. Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds. B. Where the Company repurchases the Company’s equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company’s equity holders. 4(24) Revenue recognition A. The Group has three major revenue streams: (1) Licensing; (2) AR/AI cloud solutions and Subscription; and (3) Advertisement. Among that (1) Licensing and (2) AR/AI cloud solutions and Subscription constitute our core SaaS solutions. B. In terms of Licensing, it could be divided into the following two categories: (a) Designing and developing apps to brand customers The Group delivers services based on customers’ requests. Once the customer accepts and the customized apps or licenses have been transferred, no further upgrade or revise service would be made by the Group. The customer receives and consumes the benefits provided by the Group at the point the customized apps or licenses have been transferred to them. Those services are only created for the specific customer without alternative use to the Group, and the right to payment is irrelevant to the performance obligation’s milestone. As a result, revenue is recognized at a point in time. (b) Granting license of self-developed technologies to brand customers The Group promises to provide a right to use the Group’s intellectual property as that intellectual property exists at the point in time at which the license is granted to the customer. The licensing includes licensing offline technology SDK (Software Development Kit) and AR/AI offline solutions. The SDK is to implement virtual try-on function to apps of brand customers which allow app users visiting. The AR/AI offline solutions is to implement virtual try-on function to applications which used in retail store. Once the function is implemented, the Group has fulfilled its performance obligation without further update. The brand customer can direct the use of, and obtain substantially all of the remaining benefits from the license at the point in time at which the license transfers. C. In terms of AR/AI cloud solutions and Subscription, the AR/AI cloud solutions are provided to brand customers, and the Subscription is provided to individual customers. Customers simultaneously receive and consume the benefits provided by the Group’s performance. (a) For AR/AI cloud solutions: The AR/AI cloud solutions are to implement virtual try-on function to websites of customers which allow internet users to visit. Internet users are able to use virtual try-on such as makeup, skincare, hair, nail, etc. The AR/AI cloud solutions are consecutively provided by the Group include future updates to its customers throughout the contract period. The typical contract terms of providing AR/AI cloud solutions to customers range from three months to multi-years, among which one year term is the most, the contract consideration was fixed and determined by the following factors: 1) functionality of the modules (eg. makeup, skincare, hair, nail, etc); 2) length of the contract period; 3) geographical coverage such as the number of countries/region to deploy the modules or the number of website domains to integrate our modules; 4) maximum numbers of product SKUs that a brand can utilize at the same time; and 5) additional manpower hours used for conducting the customization, if any. Once the contract is agreed by customers and the Group, the performance obligations among the contract is fixed with a stand ready feature. The Group then provides services to customers based on the contract. The Group applied output methods to recognize revenue on the straight-line basis through the contract period. Those services provided by the Group would be realized evenly during the contract period. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. (b) For Subscription: The Subscription is the Group provides premium functions in apps to customers which allow customers to subscribe through Apple App store and Google Play store. Customers who subscribe the premium functions are allowed to use the complete additional functions in the apps, remove watermarks and ad-free editing, etc. The Group currently offer monthly and yearly subscription plans (price varies by country) for such premium functions service. Apple App store and Google Play store play as platform provider for the Group to list its apps on the stores. The Group is considered as a principal on providing premium functions in apps to customers given that the Group is obliged to provide service to its customers and the Group has the right to determine the selling price of the service. Apple App store and Google Play store also claim a commission expenses from the Group based on the revenue generate from providing premium functions. The commission expenses are recognized as cost of sales and services. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. D. In terms of Advertisement, revenue is generated from the advertisements displayed by advertisement network service providers (ad networks) in the Group’s apps. The consideration of such service is determined based on the frequency of click or impression (usage-based) of the advertisement, which should be treated as a variable consideration. The typical contract term is monthly. The numbers of advertisements are delivered and the associated fees are tracked on a daily basis, and the Group recognized revenue on a monthly basis based on the daily collected information. E. When the Group enters into contracts which contain multiple performance obligations through B to D, the Group allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The stand-alone selling price is the price at which the Group sells a good or service separately to a customer. 4(25) Cost of sales and services Cost of sales and services primarily consists of costs related to platform commission fees paid to platform owners, payroll costs directly related to sales and services activities, accrued provision and costs of sales of products. 4(26) Government grants Government grants are recognized at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Group recognizes expenses for the related costs for which the grants are intended to compensate. 4(27) Operating segments Operating segments are reported in a manner consistent with the economic characteristics as well as types of products and services from which each operating segment derives its revenues, and the internal reporting provided to the chief operating decision maker. The Group’s chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the CEO (who is also the chairman of the Board of Directors) that makes strategic decisions. Although the Group has multiple operating segments by geography, the management takes the aggregation criteria outlined in Paragraphs 11 to 14 of IFRS 8 into consideration to determine the reportable operating segments. The judgements made by management in applying the aggregation criteria are based on the similarity of economic characteristics of these operating segments  —  (a) the nature of the services: The operating segments grant license of mobile applications or platforms and provide advertising services for their customers; (b) the type or class of customer for their services: The customer types of operating segments are mainly c

Critical Accounting Judgements,

Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty	12 Months Ended
	Dec. 31, 2023
Disclosure of changes in accounting estimates [abstract]
Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty	Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty The preparation of these consolidated financial statements requires management to make critical judgements in applying the Group’s accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the related information is addressed below: 5(1) Critical judgements in applying the Group’s accounting policies: Revenue recognition at a point in time or over time The Group recognizes the revenue by determining whether the performance obligations are satisfied at a point in time or over time. In terms of Licensing, the Group recognized revenue at the point when customized apps or licenses are transferred to its customers, which customers obtain control over the customized apps or licenses simultaneously with no further maintenance or other services to be provided by the Group. In terms of AR/AI cloud solutions and Subscription, the Group delivers services to its customers and recognized revenue within the contract period on a straight-line basis. The Group grants access of its server or apps to its customers and is obliged to maintain the services operational through the contract period. The access is terminated once the contract expires and no further extension were made by both parties. After termination of the contract, the customers can no longer have access to the server or apps. In terms of Advertisement, the Group recognized revenue within the contract period on a usage basis. As a result, based on the different feature of the services, the Group recognized revenue at a point in time or overtime, respectively. 5(2) Critical accounting estimates and assumptions: A. Fair value measurement of warrant liabilities Public Warrants, Private Placement Warrants and Forward Purchase Warrants assumed in connection with the Recapitalization were recognized under financial liabilities at fair value through profit or loss. The fair value of the warrants were measured at fair value using Monte Carlo simulation model on the Closing Date. The fair value of the Public Warrants was subsequently measured based on the listed market price. The fair value of the Private Placement Warrants and Forward Purchase Warrants were subsequently measured using a Monte Carlo simulation model each measurement date. As of December 31, 2022 and 2023, the carrying amounts of the Group’s warrant liabilities were $3,207 and $1,566, respectively. Please refer to Note 6(8) for the warrant liabilities information and refer to Note 12(2) for the financial instruments fair value information. B. Fair value measurement of earnout shares The valuation of the Group’s Sponsor Earnout Promote Shares on the Closing Date requires the use of option pricing models or other valuation techniques. The fair value is determined using a Monte Carlo simulation model for the Sponsor Earnout Promote Shares. Please refer to Note 6(12) for the key assumption used for estimating the fair value of the Sponsor Earnout Promote Shares. C. Fair value measurement of Perfect Class A Ordinary Shares For the calculation of the listing expense, the Company issued an aggregate of 6,764 thousand shares to acquire Provident’s net assets on the Closing Date, excluding the impact of PIPE and FPA investors. The fair value used to measure the Company’s Class A Ordinary Shares are the based on the opening market price of Provident of $8.35 (in dollars) per share as of October 28, 2022. Please refer to Note 6(26) “Recapitalization”.

Details of Significant Accounts

Details of Significant Accounts	12 Months Ended
	Dec. 31, 2023
Details of Significant Accounts
Details of Significant Accounts	6. Details of Significant Accounts 6(1) Cash and cash equivalents December 31, 2022 December 31, 2023 Petty cash $ 1 $ 1 Checking accounts 1,279 2,139 Demand deposits 11,777 12,547 Time deposits 149,300 109,000 Others 259 184 $ 162,616 $ 123,871 A. The Group transacts with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote. As of December 31, 2023, the majority of our cash and cash equivalents, 93%, are denominated in U.S. Dollars. B. The Group has no cash and cash equivalents pledged to others. 6(2) Current financial assets at amortized cost December 31, 2022 December 31, 2023 Time deposits with maturities over three months $ 30,000 $ 30,300 A. The Group has no financial assets at amortized cost pledged to others. B. The counterparties of the Group's time deposits are financial institutions with high credit quality, so the Group expects that the probability of counterparty default is remote. As of December 31, 2023, 100% of current financial assets at amortized cost are denominated in U.S. Dollars. C. Information relating to credit risk of financial assets at amortized cost is provided in Note 12(2). 6(3) Accounts receivable December 31, 2022 December 31, 2023 Accounts receivable $ 7,756 $ 6,992 A. The ageing analysis of accounts receivable is as follows: December 31, 2022 December 31, 2023 Not past due $ 6,062 $ 5,791 Up to 30 days 851 594 31 to 90 days 327 340 91 to 180 days 417 196 Over 181 days 99 71 $ 7,756 $ 6,992 The above ageing analysis was based on days overdue. B. As at December 31, 2022 and 2023, accounts receivable were all from contracts with customers. And as at January 1, 2022, the balance of receivables from contracts with customers amounted to $6,568. C. As at December 31, 2022 and 2023, without taking into account other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the Group’s accounts receivable was $7,756 and $6,992, respectively. D. Information relating to credit risk of accounts receivable is provided in Note 12(2). 6(4) Other current assets December 31, 2022 December 31, 2023 Prepaid expenses $ 4,617 $ 3,773 Others 88 269 $ 4,705 $ 4,042 6(5) Property, plant and equipment 2022 Leasehold Machinery Office Total At January 1 Cost $ 516 $ 552 $ 48 $ 1,116 Accumulated depreciation (393) (296) (20) (709) $ 123 $ 256 $ 28 $ 407 Opening net book amount $ 123 $ 256 $ 28 $ 407 Additions 58 107 — 165 Depreciation expense (119) (119) (9) (247) Net exchange differences (11) (24) (1) (36) Closing net book amount $ 51 $ 220 $ 18 $ 289 At December 31 Cost $ 521 $ 602 $ 46 $ 1,169 Accumulated depreciation (470) (382) (28) (880) $ 51 $ 220 $ 18 $ 289 2023 Leasehold Machinery Office Total At January 1 Cost $ 521 $ 602 $ 46 $ 1,169 Accumulated depreciation (470) (382) (28) (880) $ 51 $ 220 $ 18 $ 289 Opening net book amount $ 51 $ 220 $ 18 $ 289 Additions 154 128 7 289 Depreciation expense (83) (106) (8) (197) Net exchange differences — (1) — (1) Closing net book amount $ 122 $ 241 $ 17 $ 380 At December 31 Cost $ 675 $ 729 $ 53 $ 1,457 Accumulated depreciation (553) (488) (36) (1,077) $ 122 $ 241 $ 17 $ 380 The Group has no property, plant and equipment pledged to others. 6(6) Leasing arrangements  —  lessee A. The Group leases various assets including buildings and business vehicles. Rental contracts are typically made for periods of 2 to 3 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. Leased assets cannot be used as collateral for borrowing purposes and are prohibited from being subleased, sold or lent to others or corporations under any circumstances. B. Short-term leases with a lease term of 12 months or less include offices located in United States, Japan, China and France. As of December 31, 2021, 2022 and 2023, lease commitments for short-term leases amounted to $112, $152 and $136, respectively. C. The movements of right-of-use assets of the Group are as follows: 2022 Buildings Business vehicles Total At January 1 Cost $ 898 $ 149 $ 1,047 Accumulated depreciation (377) (50) (427) $ 521 $ 99 $ 620 Opening net book amount $ 521 $ 99 $ 620 Additions 137 76 213 Cost of derecognition (137) — (137) Derecognized accumulated depreciation 137 — 137 Depreciation expense (361) (95) (456) Net exchange differences (45) (9) (54) Closing net book amount $ 252 $ 71 $ 323 At December 31 Cost $ 809 $ 208 $ 1,017 Accumulated depreciation (557) (137) (694) $ 252 $ 71 $ 323 2023 Buildings Business vehicles Total At January 1 Cost $ 809 $ 208 $ 1,017 Accumulated depreciation (557) (137) (694) $ 252 $ 71 $ 323 Opening net book amount $ 252 $ 71 $ 323 Additions 810 202 1,012 Cost of derecognition (677) (208) (885) Derecognized accumulated depreciation 677 161 838 Depreciation expense (357) (84) (441) Closing net book amount $ 705 $ 142 $ 847 At December 31 Cost $ 942 $ 202 $ 1,144 Accumulated depreciation (237) (60) (297) $ 705 $ 142 $ 847 D. Lease liabilities relating to lease contracts: December 31, 2022 December 31, 2023 Total lease liabilities $ 338 $ 868 Less: current portion (shown as ‘current lease liabilities’) (251) (481) $ 87 $ 387 E. The information on profit and loss accounts relating to lease contracts is as follows: Years ended December 31, 2021 2022 2023 Items affecting profit or loss Interest expense on lease liabilities $ 9 $ 8 $ 15 Expense on short-term lease contracts 391 383 352 $ 400 $ 391 $ 367 F. For the years ended December 31, 2021, 2022 and 2023, the Group’s total cash outflow for leases were $793, $848 and $802, respectively, including the interest expense on lease liabilities amounting to $9, $8 and $15, expense on short-term lease contracts amounting to $391, $383 and $352, and repayments of principal portion of lease liabilities amounting to $393, $457 and $435, respectively. 6(7) Intangible assets 2022 Software Other intangible assets Total At January 1 Cost $ 78 $ 82 $ 160 Accumulated amortization (33) (27) (60) $ 45 $ 55 $ 100 Opening net book amount $ 45 $ 55 $ 100 Additions 78 15 93 Cost of disposals (43) — (43) Accumulated amortization on disposals 43 — 43 Amortization charge (36) (27) (63) Net exchange differences (6) (5) (11) Closing net book amount $ 81 $ 38 $ 119 At December 31 Cost $ 104 $ 89 $ 193 Accumulated amortization (23) (51) (74) $ 81 $ 38 $ 119 2023 Software Other Total At January 1 Cost $ 104 $ 89 $ 193 Accumulated amortization (23) (51) (74) $ 81 $ 38 $ 119 Opening net book amount $ 81 $ 38 $ 119 Additions 33 — 33 Amortization charge (45) (30) (75) Closing net book amount $ 69 $ 8 $ 77 At December 31 Cost $ 137 $ 89 $ 226 Accumulated amortization (68) (81) (149) $ 69 $ 8 $ 77 Details of amortization on intangible assets are as follows: Years ended December 31, 2021 2022 2023 Research and development expenses $ 47 $ 63 $ 75 6(8) Financial liabilities at fair value through profit or loss December 31, 2022 December 31, 2023 Non-current items: Warrant liabilities $ 8,431 $ 8,431 Add: Valuation adjustment (5,224) (6,865) $ 3,207 $ 1,566 A. Amounts recognized in profit or loss and other comprehensive income in relation to financial liabilities at fair value through profit or loss are as follows: Years ended December 31, 2021 2022 2023 Net gains (losses) recognized in profit or loss Warrant liabilities $ — $ 5,224 $ 1,641 Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities (150,745) (99,001) — $ (150,745) $ (93,777) $ 1,641 Net losses recognized in other comprehensive income Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities $ (58) $ (7) $ — B. Warrant liabilities (a) As part of Business Combination, warrants sold and issued by Provident were automatically converted to Perfect Warrants. Each warrants entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 (in dollars) per share. (b) As of December 31, 2023 there were 20,850 thousand warrants outstanding, consisting of 12,750 thousand Public Warrants, 6,600 thousand Private Placement Warrants and 1,500 thousand Forward Purchase Warrants (as defined below). Each warrant is exercisable for one Perfect Class A Ordinary Share, in accordance with its terms. Public Warrants Provident sold an aggregate of 11,500 thousand Public Warrants in the Provident Initial Public Offering. On November 20, 2023, 1,250 thousand Forward Purchase Warrants were converted into 1,250 thousand Public Warrants. Private Placement Warrants Provident privately issued and sold an aggregate of 6,600 thousand Private Warrants to the Sponsor simultaneously with the consummation of the Provident Initial Public Offering on January 7, 2021. Forward Purchase Warrants Pursuant to the Forward Purchase Agreements (“FPA”), Provident issued and sold to FPA Investors, an aggregate of 5,500 thousand Forward Purchase Shares and 2,750 thousand Forward Purchase Warrants in consideration for an aggregate purchase price of $55,000, as closed on October 27, 2022. (c) Movements in all kinds of Perfect Warrants are as follows: Public Warrants Private Placement Warrants Forward Purchase Warrants At January 1, 2022 — — — Converted from Provident’s warrants as part of business combination 11,500 6,600 2,750 Exercised — — — At December 31, 2022 11,500 6,600 2,750 Converted 1,250 — (1,250) At December 31, 2023 12,750 6,600 1,500 (d) Redemption of warrants when the price per Perfect Class A Ordinary Shares equal or exceed $18.00 (in dollars). Once the warrants become exercisable, the Company may redeem the outstanding warrants (except as described herein with respect to Perfect Private Placement Warrants): (i) in whole and not in part (ii) at a price of $0.01 (in dollars) per warrant (iii) upon not less than 30 days’ prior written notice of redemption to each warrant holder (the “30-day redemption period”) and (iv) if, and only if, the last reported sale price of the Perfect Class A Ordinary Shares for any 20 trading days within a 30-trading day period ending three (e) Redemption of warrants when the price per Class A Ordinary Share equals or exceeds $10.00 (in dollars). Once the warrants become exercisable, the Company may redeem the outstanding warrants: (i) in whole and not in part (ii) at $0.10 (in dollars) per warrant upon a minimum of 30 days’ prior written notice of redemption (iii) provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares based on the redemption date and the “fair market value” of Perfect Class A Ordinary Shares (iv) if, and only if, the Reference Value equals or exceeds $10.00 (in dollars) per share and (v) if the Reference Value is less than $18.00 (in dollars) per share, Perfect Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Perfect Public Warrants, as described above. (f) Private Placement Warrants The Private Placement Warrants are identical to the Public Warrants and Forward Purchase Warrants except that Private Placement Warrants, so long as they are held by Provident Acquisition Holdings Ltd., (the “Sponsor”) or its permitted transferees, (i) will not be redeemable by the Company (ii) may not (including the Class A Ordinary shares issuable upon exercise of these Private Placement Warrants), subject to certain limited exceptions, be transferred assigned or sold by the holder until 30 days after the completion of the Company’s initial Business Combination (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to certain registration rights. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as Public Warrants and Forward Purchase Warrants. C. The Company has issued a total of 242,331 thousand convertible preferred shares amounting $105,000 with no maturity for five rounds in total. In connection with the Recapitalization, the Company’s convertible preferred shares were canceled in exchange for 0.17704366 Perfect Class A or Class B Ordinary shares on October 28, 2022. Please refer to Note 6(13) “Share capital” for information of the conversion. 6(9) Other payables December 31, 2022 December 31, 2023 Employee bonus $ 4,038 $ 4,662 Payroll 2,130 2,228 Remuneration to directors 53 115 Promotional fees 1,039 1,090 Professional service fees 1,371 1,415 Sales VAT payables 175 126 Post and telecommunications expenses 173 171 Others 329 524 $ 9,308 $ 10,331 6(10) Provisions 2022 2023 Warranty Warranty At January 1 $ 1,058 $ 1,855 Additional provisions 897 677 Used during the year — (112) Net exchange differences (100) (26) At December 31 $ 1,855 $ 2,394 Analysis of total provisions: December 31, 2022 December 31, 2023 Current $ 1,855 $ 2,394 The Group enters into the contract with customers with warranties on services provided. The warranties (loss indemnification) provide customers with assurance that the related services will function as agreed by both parties. Provision for warranty is estimated based on historical warranty data, other known events and management’s judgement. The Group recognizes such expenses within ‘Cost of sales and services’ when related services are provided. Any changes in industry circumstances might affect the provisions. Provisions shall be paid when the payment is actually claimed. 6(11) Pensions A. Defined benefit plan (a) The Group’s subsidiary, Perfect Mobile Corp. (Taiwan), was incorporated in Taiwan, which has a defined benefit pension plan in accordance with the Labor Standards Act, covering all regular foreign employees’ service years. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. Perfect Mobile Corp. (Taiwan) contributes to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee. Also, Perfect Mobile Corp. (Taiwan) would assess the balance in the aforementioned labor pension reserve account by December 31, every year. If the account balance is insufficient to pay the pension calculated by the aforementioned method to the employees expected to qualify for retirement in the following year, Perfect Mobile Corp. (Taiwan) will make contributions for the deficit by next March. (b) The amounts recognized in the balance sheet are as follows: December 31, 2022 December 31, 2023 Present value of defined benefit obligations $ (84) $ (92) Fair value of plan assets 11 13 Net defined benefit liability $ (73) $ (79) (c) Movements in net defined benefit liability are as follows: 2022 Present value Fair value of Net defined At January 1 $ (113) $ 9 $ (104) Current service cost (2) — (2) Interest (expense) income (1) — (1) (116) 9 (107) Remeasurements: Return on plan assets — 1 1 Change in demographic assumptions (8) — (8) Change in financial assumptions 10 — 10 Experience adjustments 19 — 19 21 1 22 Pension fund contribution — 2 2 Net exchange differences 11 (1) 10 At December 31 $ (84) $ 11 $ (73) 2023 Present value Fair value of Net defined At January 1 $ (84) $ 11 $ (73) Current service cost (4) — (4) Interest (expense) income (1) — (1) (89) 11 (78) Remeasurements: Change in demographic assumptions (1) — (1) Experience adjustments (3) — (3) (4) — (4) Pension fund contribution — 2 2 Net exchange differences 1 — 1 At December 31 $ (92) $ 13 $ (79) (d) The Bank of Taiwan was commissioned to manage the Fund of Perfect Mobile Corp. (Taiwan)’s defined benefit pension plan in accordance with the Fund’s annual investment and utilization plan and the “Regulations for Revenues, Expenditures, Safeguard and Utilization of the Labor Retirement Fund” (Article 6: The scope of utilization for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilization of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. If the earnings is less than aforementioned rates, government shall make payment for the deficit after being authorized by the Regulator. Perfect Mobile Corp. (Taiwan) has no right to participate in managing and operating that fund and hence Perfect Mobile Corp. (Taiwan) is unable to disclose the classification of plan assets fair value in, accordance with IAS 19 paragraph 142. The composition of fair value of plan assets as of December 31, 2022 and 2023 is given in the Annual Labor Retirement Fund Utilization Report announced by the government. (e) The principal actuarial assumptions used were as follows: Years ended December 31, 2022 2023 Discount rate 1.50 % 1.50 % Future salary increases 3.00 % 3.00 % Future mortality rate was estimated based on the 5th Taiwan Standard Ordinary Experience Mortality Table. Because the main actuarial assumption may change (mainly on discount rate and future salary increase rate), the present value of defined benefit obligation is affected. The analysis was as follows: Discount rate Future salary increases Increase Decrease Increase Decrease 0.25% 0.25% 0.25% 0.25% December 31, 2022 Effect on present value of defined benefit obligation $ (5) $ 5 $ 5 $ (5) December 31, 2023 Effect on present value of defined benefit obligation $ (5) $ 6 $ 5 $ (5) The sensitivity analysis above is based on one assumption which changed while the other conditions remain unchanged. In practice, more than one assumption may change all at once. The method of analyzing sensitivity and the method of calculating net pension liability in the balance sheet are the same. The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the previous period. (f) Expected contributions to the defined benefit pension plans of Perfect Mobile Corp. (Taiwan) for the year ending December 31, 2024 amount to $6. (g) As of December 31, 2023, the weighted average duration of the retirement plan is 23 years. The expected timing of the future pension payment was as follows: Within 1 year $ — 1-5 year(s) — Over 5 years 132 $ 132 B. Defined contribution plans (a) Perfect Mobile Corp. (Taiwan) has established a defined contribution pension plan (the “New Plan”) under the Labor Pension Act (the “Act”), covering all regular employees with R.O.C. nationality. Under the New Plan, Perfect Mobile Corp. (Taiwan) contributes monthly an amount based on 6% of the employees’ monthly salaries and wages to the employees’ individual pension accounts at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in lump sum when employees retire. (b) The pension costs under defined contribution pension plan of Perfect Mobile Corp. (Taiwan) for the years ended December 31, 2021, 2022 and 2023 were $468, $501, and $527, respectively. (c) The pension costs under local government law of other foreign subsidiaries for the years ended December 31, 2021, 2022 and 2023 were $143, $172, and $175, respectively. 6(12) Share-based payment A. Share Incentive Plan On December 13, 2021, the Board approved and adopted the Share Incentive Plan to issue stock option of 30,000 thousand units. Prior to the recapitalization, each unit was eligible to subscribe for one Perfect Common Share. In connection with the recapitalization, an equitable adjustment has been made to the exercised price, number of shares and class of shares to be issued. After recapitalization, all outstanding stock option units were converted as follows: -5.65 units are eligible to subscribe for one Perfect Ordinary Share, -the exercised price was also changed by the same ratio from $0.7 (in dollars) to $3.95 (in dollars) per share. On October 25, 2022, the Board has approved and adopted an amendment to the Share Incentive Plan in response to the aforementioned recapitalization. Going forward one unit option is eligible for one Perfect Ordinary Share. The maximum number of Perfect Ordinary Shares that can be issued upon exercise of all options under the Share Incentive Plan are 5,311 thousand shares. (a) For the year ended December 31, 2022 and 2023, the Group’s Share Incentive Plan’s terms and condition are as follows: Plan Type of arrangement Settled by Maximum terms of option granted Vesting conditions Share Incentive Plan Employee stock options Equity Five years 2 years’ service: exercise 50% 3 years’ service: exercise 75% 4 years’ service: exercise 100% (b) Movements of outstanding options under Share Incentive Plan are as follows: 2022 (Note) 2023 No. of options Weighted- average exercise price per share No. of options Weighted- average exercise price per share Options outstanding at January 1 — $ — 2,063 $ 3.95 Options granted 2,143 3.95 2,288 4.93 Options forfeited (80) 3.95 (278) 4.34 Options outstanding at December 31 2,063 3.95 4,073 4.47 Options exercisable at December 31 — — Note: The comparable amounts in above table have been amended to show the number of units based on new subscription ratio for all periods presented. (c) As of December 31, 2022 and 2023, the range of exercise prices of stock options outstanding were $3.95 and $2.43 ~ $7.20 (in dollars) per share, respectively; the weighted-average remaining contractual period was 4.06 years and 3.06 ~ 4.84 years, respectively. (d) The fair value of stock options granted on grant date is measured using the Black-Scholes option-pricing model. Relevant information is as follows: Plan Grant date Units granted Stock price per share Exercise price per share Expected price volatility (Note ii) Expected option life Expected dividends Risk-free interest rate Fair value per unit Share Incentive Plan 2022.01.21 (Note i) 2,143 $ 5.39 $ 3.95 53.75% 3.88 0.00% 1.46% $ 2.7637 2023.01.03 8 7.20 7.20 64.85% 3.87 0.00% 4.07% 3.7198 2023.05.23 2,260 4.93 4.93 69.15% 3.88 0.00% 3.90% 2.6615 2023.08.21 7 4.00 3.916 70.65% 3.88 0.00% 4.64% 2.2411 2023.11.02 5 2.43 2.43 70.37% 3.88 0.00% 4.77% 1.3487 Note i: Stock price, exercise price and fair value of stock option granted on January 21, 2022 were adjusted in connection with the recapitalization. Note ii: Expected price volatility is estimated based on the daily historical stock price fluctuation data of the Company and guideline companies of the last five years before the grant date. B. Incentive Stock Option Plan The Board of the Company has established two stock option plans, 2015 Incentive Stock Option Plan and 2018 Incentive Stock Option Plan (“Incentive Stock Option Plan”). On November 22, 2021, the Company declared a notice pursuant to its Incentive Stock Option Plan. Based on the notice, all the unvested option shares granted by the Company to optionee becomes fully vested on November 22, 2021. The optionee may exercise the vested options within one month after November 22, 2021. Any options that are not exercised within such one month period shall be deemed cancelled and forfeited upon expiration of such period on December 22, 2021. On January 24, 2022, the Company has completed the conversion of 26,629 thousand of option shares to Perfect Common Shares and converted to Perfect Class A or Class B Ordinary Shares in connection with the Recapitalization. (a) The following table illustrate the Group’s Incentive Stock Option Plan’s original terms and condition: Plan Type of arrangement Settled by Maximum terms of option granted Vesting conditions 2015 Incentive Stock Option Plan Employee stock options Equity Four years, one month 2 years’ service: exercise 50% 3 years’ service: exercise 75% 4 years’ service: exercise 100% 2018 Incentive Stock Option Plan Employee stock options Equity Five years 2 years’ service: exercise 50% 3 years’ service: exercise 75% 4 years’ service: exercise 100% (b) Movements of the Group’s Incentive Stock Option Plan prior to recapitalization are as follows: 2021 2022 No. of options Weighted- average exercise price per share No. of options Weighted- average exercise price per share Options outstanding at January 1 23,046 $ 0.18 26,629 $ 0.21 Options granted 8,388 0.27 — — Options forfeited (1,681) 0.22 — — Options exercised (3,124) 0.10 (26,629) 0.21 Options outstanding at December 31 26,629 0.21 — — Options exercisable at December 31 26,629 — — (c) The weighted-average exercise price of stock options for the years ended December 31, 2021 and 2022, were all $0.1 ~ $0.3 (in dollars). (d) As of December 31, 2021, the range of exercise prices of stock options outstanding were all $0.1 ~ $0.3 (in dollars); the weighted-average remaining contractual period was 0 year. (e) The fair value of stock options granted on grant date is measured using the Black-Scholes option-pricing model. Relevant information is as follows: Plan Range of stock price Exercise price Range of expected price volatility Expected option life Expected dividends Range of risk free interest rate Range of fair value per unit 2015 Incentive Stock Option Plan $0.0564~0.1777 $ 0.1000 39.29%~42.25% 3.42 0.00 % 0.45%~2.79% $0.0080~0.0947 2018 Incentive Stock Option Plan 0.1689~0.8931 0.3000 39.16%~53.27% 3.88 0.00 % 0.58%~2.29% 0.0228~0.6397 Note: Expected price volatility rate was estimated by using historical volatility record of similar entities as the stock has no quoted market price. C. Expenses incurred on share-based payment transactions are shown below: Years ended December 31, 2021 2022 2023 Equity settled $ 1,782 $ 2,175 $ 3,268 D. In 2022, the Group has service agreements with its Board of Directors to grant them awards of the Company’s Ordinary Shares at a fixed monetary value. Expense incurred for the years ended December 31, 2021, 2022 and 2023 was $—, $58 and $—, respectively. The fixed monetary value of equity awards of director compensation was paid in cash in the first year, resulting in expenses incurred for the year ended December 31, 2022, being paid in cash. In the future, the Group may compensate directors either entirely in cash or partially in cash and partially in equity. E. Shareholder Earnout The Company executed additional capitalization by way of the potential issuance of Earnout Shares for Perfect shareholders. In accordance with Shareholder Earnout terms and conditions contemplated by the Business Combination Agreement, 3,000 thousand, 3,000 thousand and 4,000 thousand of the Shareholder Earnout Shares are issuable if over any 20 trading days within any 30-trading-day period during the Earnout Period when the daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $11.50 (in dollars), $13.00 (in dollars) and $14.50 (in dollars), respectively. None of these conditions had been met in the period up through December 31, 2023. Shareholder Earnout Shares are considered a potential contingent payment agreement with Shareholders, based on a market condition without link to service. Fair value of the Shareholder Earnout Shares is already reflected in Provident’s publicly quoted price that has been used to derive the estimated fair value of Perfect Ordinary Shares. It is included in the estimated fair value of the Perfect Ordinary shares as of the date of the recapitalization that was used to compute the listing charge. Accordingly, no separate adjustment to record fair value of the Shareholder Earnout is considered necessary, because the estimated fair value of such shares is already presumed to be reflected in the fair value of the Perfect shares. Please refer to Note 6(26) “Recapitalization”. F. Sponsor Earnout In connection with the Business Combination Agreement, the Company entered into a Sponsor Letter Agreement pursuant to which it agreed to issue Earnout shares to the Sponsors. Subject to the terms and conditions contemplated by the Sponsor Letter Agreement, upon the occurrence of specific Sponsor Earnout Event (as defined below) from October 28, 2022 to October 28, 2027 (“Earnout Period”), Perfect will issue Perfect Class A Ordinary Shares of up to 1,175,624 Class A Ordinary Shares(the “Sponsor Earnout Promote Shares”) to Sponsor, with (a) 50% of the Sponsor Earnout Promote Shares issuable if over any 20 trading days within any 30-trading-day period during the Earnout Period the daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $11.50 (in dollars), and (b) 50% of the Sponsor Earnout Promote Shares issuable if over any twenty (20) trading days within any 30-trading-day period during the Earnout Period the daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $13.00 (in dollars). None of these conditions had been met in the period up through December 31, 2023. Sponsor Earnout Promote Shares are considered a potential contingent payment agreement with Sponsor, based on a market condition without link to service. Thus, expense was recorded immediate on the grant date. Expense recorded for the year ended December 31, 2022 was $8,849. Please refer to Note 6(26) “Recapitalization”. The expense was recognized under fair value and the Monte Carlo Simulation Model was used to estimate the fair value of Sponsor Earnout Promote Shares granted. Assumptions used in calculating the fair value are disclosed as follows: Sponsor Earnout Shares Expected dividend yield (%) 0.00 % Expected volatility 70.00 % Risk free interest rate 4.19 % Expected life (years) 5 6(13) Share capital A. As of December 31, 2023, the Company’s authorized capital is $82,000 consisting of 700,000 thousand shares of Class A Ordinary Shares, 90,000 thousand shares of Class B Ordinary Shares, 30,000 thousand shares of classes reserved and may determine by Board of Directors. The paid-in capital was $10,192, including 85,128 thousand Class A Ordinary Shares after the retirement of 16,320 thousand treasury shares and 27 thousand shares surrendered by a shareholder, and 16,789 thousand Class B Ordinary Shares. All proceeds from shares issued have been collected. Perfect Class A Ordinary shares Perfect Class A Ordinary shares have a par value of $0.1 (in dollars). Amounts received above the par value are recorded as share premium. Each holder of Perfect Class A Ordinary shares will be entitled to one vote per share. Class A Ordinary Shares are listed on NYSE under the trading symbol “PERF”. Perfect Class B Ordinary shares Perfect Class B Ordinary shares have a par value of $0.1 (in dollars). Perfect Class B Ordinary Shares have the same rights as Perfect Class A Ordinary Shares except for voting and conversion rights. Each Perfect Class B Ordinary Shares is entitled to 10 votes and is convertible into Perfect Class A Ordinary Shares at any time by the holder thereof. Each Class B Ordinary Share is convertible into one Class A Ordinary Share at any time at the option of the holder thereof. The right to convert shall be exercisable by the holder of the Class B Ordinary Share delivering a written notice to the Company that such holder elects to convert a specified number of Class B Ordinary Shares into Class A Ordinary Shares. Each Class B Ordinary Share shall, automatically and immediately, without any further action from the holder thereof, convert into one Class A Ordinary Share when it ceases being beneficially owned by any of the Principals. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. B. Movements for the Company’s share capital are as follows: Common Shares Perfect Class A Ordinary Shares Perfect Class B Ordinary Shares Total Note Shares Amount Shares Amount Shares Amount Amount At January 1, 2021 298,397 $ 29,840 — $ — — $ — $ 29,840 Employee stock option exercised 3,124 312 — — — — 312 At December 31, 2021 (a) 301,521 30,152 — — — — 30,152 Employee stock option exercised 26,629 2,663 — — — — 2,663 Conversion as part of recapitalization (b) (328,150) (32,815) 84,211 8,421 16,789 1,679 (22,715) Shares Issuance to exchange Provident outstanding shares (c) — — 17,264 1,726 — — 1,726 At December 31, 2022 (a) — — 101,475 10,147 16,789 1,679 11,826 Shares retired (d) — — (16,347) (1,634) — —

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Related Party Transactions	7. Related Party Transactions 7(1) Names of related parties and relationship Names of related parties Relationship with the Group CyberLink Corp. (CyberLink) Other related party (Significant influence (Note) over the Company) CyberLink Inc. (CyberLink-Japan) Other related party (Subsidiary of CyberLink) Note: CyberLink owns more than 30% of the Company’s issued and outstanding ordinary shares. 7(2) Significant related party transactions A. Revenue Years ended December 31, Description 2021 2022 2023 CyberLink Revenue-others (service revenue) $ 35 $ 28 $ 32 Sales of services are negotiated with related parties based on agreed-upon agreement and the conditions and payment terms are same as third parties. B. Other payables December 31, 2022 December 31, 2023 CyberLink $ 38 $ 26 CyberLink-Japan 25 24 $ 63 $ 50 Other payables are mainly expenses from professional service, rental and payments on behalf of others. C. Operating expenses Years ended December 31, Description 2021 2022 2023 CyberLink Management service fee $ 128 $ 80 $ 48 CyberLink provides support and assistance in legal services, network infrastructure and equipment maintenance services, marketing activity supports and employee training programs. The service fees are calculated based on the agreed-upon hourly rate. The conditions and payment terms are same as third parties. D. Lease transactions — lessee/rent expense (a) The Group leases offices from CyberLink and CyberLink-Japan. Rental contracts are typically made for periods of 1~2 years. The rents were paid to CyberLink and CyberLink-Japan at the beginning of next month and each quarter, respectively. (b) Rent expense Years ended December 31, 2021 2022 2023 CyberLink-Japan $ 99 $ 90 $ 84 (c) Acquisition of right-of-use assets: Years ended December 31, 2021 2022 2023 CyberLink $ 530 $ — $ 477 (d) Lease liabilities i. Outstanding balance: December 31, 2022 December 31, 2023 Total lease liabilities $ 145 $ 381 Less: Current portion (shown as ‘current lease liabilities’) (145) (238) $ — $ 143 ii. Interest expense Years ended December 31, 2021 2022 2023 CyberLink $ 4 $ 5 $ 6 7(3) Key management compensation Years ended December 31, 2021 2022 2023 Salaries and other short-term employee benefits $ 1,711 $ 2,330 $ 2,484 Share-based payment 314 416 552 Post-employment benefits 12 11 10 $ 2,037 $ 2,757 $ 3,046 The unpaid portion of the aforementioned information were $112 and $115 for December 31, 2022 and 2023.

Pledged Assets

Pledged Assets	12 Months Ended
	Dec. 31, 2023
Pledged Assets
Pledged Assets	Pledged Assets None.

Significant Contingent Liabilit

Significant Contingent Liabilities and Unrecognized Contract Commitments	12 Months Ended
	Dec. 31, 2023
Disclosure of contingent liabilities [abstract]
Significant Contingent Liabilities and Unrecognized Contract Commitments	Significant Contingent Liabilities and Unrecognized Contract Commitments 9(1) Contingencies None. 9(2) Commitments Except for Notes 6(6), 6(8) and 7(2), there is no other significant commitments.

Significant Disaster Loss

Significant Disaster Loss	12 Months Ended
	Dec. 31, 2023
Significant Disaster Loss
Significant Disaster Loss	Significant Disaster Loss None.

Significant Events After the Ba

Significant Events After the Balance Sheet Date	12 Months Ended
	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Significant Events After the Balance Sheet Date	Significant Events After the Balance Sheet Date None

Others

Others	12 Months Ended
	Dec. 31, 2023
Others
Others	Others 12(1) Capital management The Group’s objectives of capital management are to ensure the Group’s sustainable operation and to maintain an optimal capital structure to reduce the cost of capital and provide returns for shareholders. In order to maintain or adjust to optimal capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. The Group monitors capital on the basis of the gearing ratio. This ratio is calculated as total liabilities divided by total equity. As of December 31, 2022 and 2023, the Group’s gearing ratios are as follows: December 31, 2022 December 31, 2023 Total liabilities $ 28,309 $ 30,957 Total equity $ 181,964 $ 139,406 Gearing ratio 0.16 0.22 12(2) Financial instruments A. Financial instruments by category December 31, 2022 December 31, 2023 Financial assets Financial assets at amortized cost Cash and cash equivalents $ 162,616 $ 123,871 Current financial assets at amortized cost 30,000 30,300 Accounts receivable 7,756 6,992 Other receivables 314 343 Guarantee deposits paid 125 140 $ 200,811 $ 161,646 December 31, 2022 December 31, 2023 Financial liabilities Financial liabilities at fair value through profit or loss Warrant liabilities $ 3,207 $ 1,566 Financial liabilities at amortized cost Other payables (including related parties) $ 9,371 $ 10,381 Guarantee deposits received 25 25 $ 9,396 $ 10,406 Lease liabilities $ 338 $ 868 B. Financial risk management policies (a) The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk), credit risk and liquidity risk. The Group’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Group’s financial position and financial performance. (b) Risk management is carried out by the Group’s finance department under policies approved by the management team. The Group’s finance department identifies, evaluates and hedges financial risks in close co-operation with the Group’s operating units. C. Significant financial risks and degrees of financial risks (a) Market risk Foreign exchange risk i. The Group operates internationally and is exposed to exchange rate risk arising from the transactions of the Company and its subsidiaries used in various functional currency, primarily with respect to the USD, JPY, RMB and EUR. Exchange rate risk arises from future commercial transactions and recognized assets and liabilities. Notably, the subsidiary in Taiwan, Perfect Mobile Corp. (Taiwan), changed its functional currency from NTD to USD starting from January 1, 2023. This change was made due to the majority of transactions being conducted in USD. ii. The Group’s business involves some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: USD; other certain subsidiaries’ functional currency: JPY, RMB and EUR). The information of and sensitivity analysis for significant financial assets and liabilities denominated in foreign currencies illustrate as follows: December 31, 2022 Sensitivity analysis Foreign currency amount Exchange rate Functional currency Book value Degree of variation Effect on profit or loss Financial assets Monetary items USD:NTD $ 22,660 30.71 $ 695,889 $ 22,660 1% $ 227 EUR:NTD 833 32.72 27,256 888 1% 9 JPY:NTD 436,755 0.23 100,454 3,271 1% 33 Financial liabilities Monetary items USD:NTD 2,620 30.71 80,460 2,620 1% 26 USD:JPY 221 132.14 29,203 221 1% 2 USD:RMB 65 6.97 453 65 1% 1 December 31, 2023 Sensitivity analysis Foreign currency amount Exchange rate Functional currency Book value Degree of variation Effect on profit or loss Financial assets Monetary items NTD:USD $ 79,097 0.0326 $ 2,579 $ 2,579 1 % $ 26 EUR:USD 664 1.1064 735 735 1 % 7 JPY:USD 317,217 0.0071 2,252 2,252 1 % 23 Financial liabilities Monetary items EUR:USD 138 1.1064 153 153 1 % 2 USD:JPY 168 141.39 23,754 168 1 % 2 iii. The total exchange (loss) gain, including realized and unrealized, arising from significant foreign exchange variation on the monetary items held by the Group for the years ended December 31, 2021, 2022 and 2023, amounted to $(893), $1,303 and $34, respectively. (b) Credit risk i. Credit risk refers to the risk of financial loss to the Group arising from default by the clients or counterparties of financial instruments on the contract obligations. The main factor is that counterparties could not repay in full the accounts receivable based on the agreed terms and the contract cash flow of financial assets at amortized cost. ii. The Group’s credit risk was mainly arising from bank deposits, trade receivables, other financial assets and deposits. The Company adopted a policy of only dealing with creditworthy counterparties and financial institutions to mitigate the risk of financial loss from defaults. The majority of cash and cash equivalents as well as current financial assets at amortized cost are held with financial institutions with a rating of ‘A’. iii. The default occurs when the contract payments are past due over 180 days. iv. The Group adopts following assumptions under IFRS 9 to assess whether there has been a significant increase in credit risk on that instrument since initial recognition: If the contract payments were past due over 30 days based on the terms, there has been a significant increase in credit risk on that instrument since initial recognition. v. The following indicators are used to determine whether the credit impairment of accounts receivable has occurred: (i) It becomes probable that the issuer will enter bankruptcy or other financial reorganization due to their financial difficulties; (ii) The disappearance of an active market for that financial asset because of financial difficulties. vi. The Group classifies customers’ accounts receivable in accordance with geographic area and credit rating of customer. The Group applies the modified approach to estimate expected credit loss under the provision matrix basis. vii. The Group wrote-off the financial assets, which cannot be reasonably expected to be recovered, after initiating recourse procedures. However, the Group will continue executing the recourse procedures to secure their rights. viii. The Group used the territory economic forecasts to adjust historical and timely information to assess the default possibility of accounts receivable. ix. The loss amounts of accounts receivable allowance using simplified method were de minimis, thus, the loss was not recognized as at December 31, 2021, 2022 and 2023. (c) Liquidity risk i. Cash flow forecasting is performed in the operating entities of the Group and aggregated by the Group’s finance department. The Group’s finance department monitors rolling forecasts of the Group’s liquidity requirements to ensure it has sufficient cash to meet operational needs. ii. Surplus cash held by the operating entities over and above balance required for working capital management are managed by the Group’s finance department. The Group’s finance department invests surplus cash in interest bearing current accounts and time deposits, choosing instruments with appropriate maturities or sufficient liquidity to provide sufficient head-room as determined by the above-mentioned forecasts. As at December 31, 2022 and 2023, the Group held demand deposits and time deposits position of $191,077 and $151,847, respectively. The Group manages liquidity risk by ensuring that these balances are available to meet short-term cash needs. Time deposits withdrawn early receive a lower interest rate through the withdrawal date compared to the stated interest rate applicable on the nominal maturity date. iii. The table below analyses the Group’s non-derivative financial liabilities based on the remaining period at the balance sheet date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Non-derivative financial liabilities: December 31, 2022 Less than Between 2-5 Over Financial liabilities at fair value through profit or loss $ — $ 3,207 $ — Other payables (including related parties) 9,371 — — Lease liabilities (Note) 255 89 — Guarantee deposits received — 25 — Non-derivative financial liabilities: December 31, 2023 Less than Between 2-5 Over Financial liabilities at fair value through profit or loss $ — $ 1,566 $ — Other payables (including related parties) 10,381 — — Lease liabilities (Note) 496 392 — Guarantee deposits received — 25 — Note: The amount included the interest of estimated future payments. 12(3) Fair value information A. The different levels that the inputs to valuation techniques are used to measure fair value of financial and non-financial instruments have been defined as follows: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A market is regarded as active where a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Unobservable inputs for the asset or liability. The fair value of the Group’s compound instrument such as convertible preferred shares is included in Level 3. B. The carrying amounts of the Group’s financial instruments not measured at fair value (including cash and cash equivalents, current financial assets at amortized cost, accounts receivable, other receivables (including related parties), guarantee deposits paid, accounts payable, other payables (including related parties) and guarantee deposits received) are approximate to their fair values. C. The related information of financial instruments measured at fair value by level on the basis of the nature, characteristics and risks of the liabilities at December 31, 2022 and 2023 are as follows: (a) The related information of natures of the liabilities is as follows: December 31, 2022 Level 1 Level 2 Level 3 Total Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Compound instrument: Warrant liabilities $ 1,769 $ 1,438 $ — $ 3,207 December 31, 2023 Level 1 Level 2 Level 3 Total Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Compound instrument: Warrant liabilities $ 954 $ 612 $ — $ 1,566 (b) The methods and assumptions the Group used to measure fair value are as follows: i. Except those mentioned in point (ii) ~ (iv) below, the carrying amounts of the Group’s financial instruments not measured at fair value (including cash and cash equivalents, accounts receivable, other receivables, notes payable, accounts payable and other payables) approximate to their fair values. The fair value information of financial instruments measured at fair value is provided in Note 12(2). ii. Fair value of the Perfect Public Warrants is determined based on market quotation price. iii. Fair value of the Perfect Private Placement Warrants and Forward Purchase Warrants are determined based on the Perfect Public Warrants with adjustments to the implied volatility. iv. The methods and assumptions of fair value measurement are as follows: Preferred share liabilities The fair value measurement takes the following 2 methods into account: (i) The recent fund raising prices as the first priority consideration if applicable. (ii) If there are no recent fund raising prices as applicable, using market approach by considering market comparable entities and income approach to calculate total equity value first, and conduct equity value allocation via option pricing model under different scenarios (IPO and liquidation) to calculate probability weighted value of all classes of equities (including preferred shares). In connection with the SPAC transaction closing on October 28, 2022, the fair value of preferred shares was measured based on the quoted market price which was viewed as the market participants’ expectations for the Company’s value. D. The following chart is the movement of Level 3 for the year ended December 31, 2022: 2022 Compound At January 1, 2022 $ 259,230 Gains and losses recognized in profit or loss Recorded as non-operating income and expenses 99,001 Gains and losses recognized in other comprehensive income Recorded as credit risk changes in financial instrument through other comprehensive income 7 Transfers to Level 2 (358,238) At December 31, 2022 $ — E. Along with the insufficient observable market information became available in connection with the SPAC transaction closing on October 28, 2022, the Company transferred the fair value from Level 3 into Level 2 and convertible preferred shares were automatically converted into Perfect Ordinary Shares immediately upon the closing. For the year ended December 31, 2021 and 2023, there was no transfer into or out from Level 3.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Segment Information	Segment Information 13(1) General information Although the Group has multiple operating segments by geography, the management takes the aggregation criteria outlined in Paragraphs 11 to 14 of IFRS 8 into consideration to decide the reportable operating segments. In light of the qualitative and quantitative criteria, the Group concluded that it has only one reportable operating segment. 13(2) Geographical information Geographical information for the years ended December 31, 2021, 2022 and 2023 is as follows: Years ended December 31, 2021 2022 2023 Revenue Revenue Revenue United States $ 20,173 $ 24,291 $ 24,992 Japan 4,520 4,717 4,301 France 3,206 3,431 4,170 Others 12,861 14,861 20,042 $ 40,760 $ 47,300 $ 53,505 Geographical information on the revenue shows the location in which sales were generated. Non-current assets amounted to $731 and $1,304 as of December 31, 2022 and 2023, respectively. Substantially all of the Group’s non-current assets, including property, plant and equipment, right-of-use assets and intangible assets, are located in Taiwan. 13(3) Major customer information Major customer information of the Group (exceed 10% of revenue) for the years ended December 31, 2021, 2022 and 2023 is as follows: Years ended December 31, 2021 2022 2023 Revenue Revenue Revenue Client A $ 5,869 $ 5,195 $ 4,416 Note: Client A does not exceed 10% of revenue for the year ended December 31, 2023.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Compliance statement	Compliance statement The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards as issued by the IASB (“IFRSs”).
Basis of preparation	Basis of preparation A. Except for the following items, the consolidated financial statements have been prepared under the historical cost convention: (a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss. (b) Defined benefit liabilities recognized based on the net amount of pension fund assets less present value of defined benefit obligation. B. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.
Basis of consolidation	Basis of consolidation A. Basis for preparation of consolidated financial statements: (a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including structured entities) controlled by the Group. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Consolidation of subsidiaries begins from the date the Group obtains control of the subsidiaries and ceases when the Group loses control of the subsidiaries. (b) Inter-company transactions, balances and unrealized gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group. (c) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. That fair value is regarded as the fair value on initial recognition of a financial asset or the cost on initial recognition of the associate or joint venture. Any difference between fair value and carrying amount is recognized in profit or loss. All amounts previously recognized in other comprehensive income in relation to the subsidiary are reclassified to profit or loss on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognized in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of. B. Subsidiaries included in the consolidated financial statements: Ownership (%) Name of investor Name of subsidiary Main business activities December 31, December 31, The Company Perfect Mobile Corp. (Taiwan) Design, development, marketing and sales of AR/AI SaaS solution and mobile applications. 100% 100% The Company Perfect Corp. (USA) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Corp. (Japan) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Corp. (Shanghai) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Mobile Corp.(B.V.I.) Investment activities. 100% 100% The Company Fashion Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% —% (Note ii) Perfect Mobile Corp. (Taiwan) Perfect Corp. (France) Marketing and service center for sales of AR/AI SaaS solution. 100% (Note i) 100% Note i: Perfect Corp. (France) was established in 2022 and with no business activity during 2022. Note ii. Fashion Corp. was dissolved on April 13, 2023. C. Subsidiaries not included in the consolidated financial statements: None. D. Adjustments for subsidiaries with different balance sheet dates: None. E. Significant restrictions: None. F. Subsidiaries that have non-controlling interests that are material to the Group: None.
Foreign currency translation	Foreign currency translation Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in United States dollars, which is the Company’s functional and the Group’s presentation currency. A. Foreign currency transactions and balances (a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognized in profit or loss in the period in which they arise. (b) Monetary assets and liabilities denominated in foreign currencies at the period end are re-translated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognized in profit or loss. (c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in profit or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognized in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions. (d) All foreign exchange gains and losses are presented in the statement of comprehensive income within ‘other gains and losses’. B. Translation of foreign operations The operating results and financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: (a) Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet; (b) Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and (c) All resulting exchange differences are recognized in other comprehensive income. C. When there is a change in an entity’s functional currency, the entity shall apply the translation procedures applicable to the new functional currency accordingly from the date of the change.
Classification of current and non-current items	Classification of current and non-current items A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets: (a) Assets arising from operating activities that are expected to be realized, or are intended to be sold or consumed within the normal operating cycle; (b) Assets held mainly for trading purposes; (c) Assets that are expected to be realized within twelve months from the balance sheet date; (d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to settle liabilities more than twelve months after the balance sheet date. B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities: (a) Liabilities that are expected to be settled within the normal operating cycle; (b) Liabilities arising mainly from trading activities; (c) Liabilities that are to be settled within twelve months from the balance sheet date; (d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.
Cash equivalents	Cash equivalents Cash equivalents refer to short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Time deposits with a maturity of 3 months or less, meeting the definition above and are held for the purpose of meeting short-term cash commitments in operations, are classified as cash equivalents.
Financial assets at amortised cost	Financial assets at amortized cost A. Financial assets at amortized cost are those that meet all of the following criteria: (a) The objective of the Group’s business model is achieved by collecting contractual cash flows. (b) The assets’ contractual cash flows represent solely payments of principal and interest. B. On a regular way purchase or sale basis, financial assets at amortized cost are recognized and derecognized using trade date accounting. C. At initial recognition, the Group measures the financial assets at fair value plus transaction costs. Interest income from these financial assets is included in finance income using the effective interest method. A gain or loss is recognized in profit or loss when the asset is derecognized or impaired. D. The Group’s time deposits which do not fall under cash equivalents are those with a short maturity period and are measured at initial investment amount as the effect of discounting is immaterial.
Accounts receivable	Accounts receivable A. Accounts receivable entitle the Group a legal right to receive consideration in exchange for transferred goods or rendered services. B. The short-term accounts receivable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
Impairment of financial assets	Impairment of financial assets For financial assets at amortized cost, at each reporting date, the Group recognizes the impairment provision for 12 months expected credit losses if there has not been a significant increase in credit risk since initial recognition or recognizes the impairment provision for the lifetime expected credit losses (ECLs) if such credit risk has increased since initial recognition after taking into consideration all reasonable and verifiable information that includes forecasts. On the other hand, for accounts receivable or contract assets that do not contain a significant financing component, the Group recognizes the impairment provision for lifetime ECLs.
Derecognition of financial assets and liabilities	Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to receive the cash flows from the financial asset expire. Derecognition of financial liabilities A financial liability is derecognized when the obligation specified in the contract is either discharged or cancelled or expires.
Inventories	Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted-average method. The item by item approach is used in applying the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and the estimated costs necessary to make the sale.
Property, plant and equipment	Property, plant and equipment A. Property, plant and equipment are initially recorded at cost. B. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred. C. Property, plant and equipment apply cost model and are depreciated using the straight-line method, except that the accelerated depreciation method is used by the US subsidiary, to allocate their cost over their estimated useful lives. Each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately. D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each financial year-end. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property, plant and equipment are as follows: Leasehold improvements 2~3 years (or the lesser of the contract period of the lease) Machinery 3 years Office equipment 5 years
Leasing arrangements (lessee) - right-of-use assets/ lease liabilities	Leasing arrangements (lessee)  —  right-of-use assets/ lease liabilities A. Leases are recognized as a right-of-use asset and a corresponding lease liability at the date at which the leased asset is available for use by the Group. For short-term leases or leases of low-value assets, lease payments are recognized as an expense on a straight-line basis over the lease term. B. Lease liabilities include the net present value of the remaining lease payments at the commencement date, discounted using the incremental borrowing interest rate. Lease payments are comprised of fixed payments, less any lease incentives receivable. The Group subsequently measures the lease liability at amortized cost using the interest method and recognizes interest expense over the lease term. The lease liability is remeasured and the amount of remeasurement is recognized as an adjustment to the right-of-use asset when there are changes in the lease term or lease payments and such changes do not arise from contract modifications. C. At the commencement date, the right-of-use asset is stated at cost comprising the amount of the initial measurement of lease liability. The right-of-use asset is measured subsequently using the cost model and is depreciated from the commencement date to the earlier of the end of the asset’s useful life or the end of the lease term. When the lease liability is remeasured, the amount of remeasurement is recognized as an adjustment to the right-of-use asset.
Intangible assets	Intangible assets A. Computer software Computer software is stated at cost and amortized on a straight-line basis over its estimated useful life of 3 years. B. Other intangible assets, mainly composed of royalties which paid for program source code and intellectual property rights, are amortized on a straight-line basis over their estimated useful lives of 3 years.
Impairment of non-financial assets	Impairment of non-financial assets The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. When the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist or diminish, the impairment loss is reversed. The increased carrying amount due to reversal should not be more than what the depreciated or amortized historical cost would have been if the impairment had not been recognized.
Accounts payable	Accounts payable A. Accounts payable are liabilities for purchases of goods or services. B. The short-term accounts payable without bearing interest are subsequently measured at initial invoice amount as the effect of discounting is immaterial.
Financial liabilities at fair value through profit or loss	Financial liabilities at fair value through profit or loss A. Financial liabilities are classified in this category of held for trading if acquired principally for the purpose of repurchasing in the short-term. Derivatives are also categorized as financial liabilities held for trading unless they are designated as hedges. Financial liabilities that meet one of the following criteria are designated as financial liabilities at fair value through profit or loss on initial recognition: (a) Hybrid (combined) contracts; or (b) They eliminate or significantly reduce a measurement or recognition inconsistency; or (c) They are managed and their performance is evaluated on a fair value basis, in accordance with a documented risk management policy. As part of Business Combination, warrants sold and issued by Provident were automatically converted to Perfect Warrants. These warrants are financial liabilities measured at fair value through profit or loss. The issuances of the preferred shares with the conversion options by the Group, was recognized under ‘financial liabilities designated as at fair value through profit or loss on initial recognition’ due to their compound instrument feature. B. At initial recognition, the Group measures the financial liabilities at fair value. All related transaction costs are recognized in profit or loss. The Group subsequently measures these financial liabilities at fair value with any gain or loss recognized in profit or loss. C. If the credit risk results in fair value changes in financial liabilities designated as at fair value through profit or loss, they are recognized in other comprehensive income in the circumstances other than avoiding accounting mismatch or recognizing in profit or loss for loan commitments or financial guarantee contracts.
Provisions	Provisions Provisions (warranties) are recognized when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are measured at the initial estimated amount as the effect of discounting is immaterial.
Employee benefits	Employee benefits A. Short-term employee benefits Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognized as expense in that period when the employees render service. B. Pensions (a) Defined contribution plans For defined contribution plans, the contributions are recognized as pension expense when they are due on an accrual basis. Prepaid contributions are recognized as an asset to the extent of a cash refund or a reduction in the future payments. (b) Defined benefit plan i. Net obligation under a defined benefit plan is defined as the present value of an amount of pension benefits that employees will receive on retirement for their services with the Group in current period or prior periods. The liability recognized in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets. The net defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount is determined by using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability; when there is no deep market in high-quality corporate bonds, the Group uses interest rates of government bonds (at the balance sheet date) instead. ii. Remeasurements arising on defined benefit plans are recognized in other comprehensive income in the period in which they arise and are recorded as retained earnings.
Employee share-based payment	Employee share-based payment A. For the equity-settled share-based payment arrangements, the employee services received are measured at the fair value of the equity instruments granted at the grant date, and are recognized as compensation cost over the vesting period, with a corresponding adjustment to equity. The fair value of the equity instruments granted shall reflect the impact of market vesting conditions and non-vesting conditions. Compensation cost is subject to adjustment based on the service conditions that are expected to be satisfied and the estimates of the number of equity instruments that are expected to vest under the non-market vesting conditions at each balance sheet date. Ultimately, the amount of compensation cost recognized is based on the number of equity instruments that eventually vest. B. If the modification occurs during the vesting period, the incremental fair value granted is included in the measurement of the amount recognized for services received over the period from the modification date until the date when the modified equity instruments vest, in addition to the amount based on the grant date fair value of the original equity instruments, which is recognized over the remainder of the original vesting period.
Income tax	Income tax A. The tax expense for the period comprises current and deferred tax. Tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or items recognized directly in equity, in which cases the tax is recognized in other comprehensive income or equity. B. The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional tax is levied on the unappropriated retained earnings of the Company’s subsidiary in Taiwan and is recorded as income tax expense in the year the stockholders resolve to retain the earnings. C. Deferred income tax is recognized, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated balance sheet. However, the deferred income tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss and does not give rise to equal taxable and deductible temporary differences. Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. D. Deferred income tax assets are recognized only to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At each balance sheet date, unrecognized and recognized deferred income tax assets are reassessed. E. Current income tax assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. Deferred income tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax income assets against current income tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realize the asset and settle the liability simultaneously.
Share capital	Share capital A. Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds. B. Where the Company repurchases the Company’s equity share capital that has been issued, the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company’s equity holders.
Revenue recognition	Revenue recognition A. The Group has three major revenue streams: (1) Licensing; (2) AR/AI cloud solutions and Subscription; and (3) Advertisement. Among that (1) Licensing and (2) AR/AI cloud solutions and Subscription constitute our core SaaS solutions. B. In terms of Licensing, it could be divided into the following two categories: (a) Designing and developing apps to brand customers The Group delivers services based on customers’ requests. Once the customer accepts and the customized apps or licenses have been transferred, no further upgrade or revise service would be made by the Group. The customer receives and consumes the benefits provided by the Group at the point the customized apps or licenses have been transferred to them. Those services are only created for the specific customer without alternative use to the Group, and the right to payment is irrelevant to the performance obligation’s milestone. As a result, revenue is recognized at a point in time. (b) Granting license of self-developed technologies to brand customers The Group promises to provide a right to use the Group’s intellectual property as that intellectual property exists at the point in time at which the license is granted to the customer. The licensing includes licensing offline technology SDK (Software Development Kit) and AR/AI offline solutions. The SDK is to implement virtual try-on function to apps of brand customers which allow app users visiting. The AR/AI offline solutions is to implement virtual try-on function to applications which used in retail store. Once the function is implemented, the Group has fulfilled its performance obligation without further update. The brand customer can direct the use of, and obtain substantially all of the remaining benefits from the license at the point in time at which the license transfers. C. In terms of AR/AI cloud solutions and Subscription, the AR/AI cloud solutions are provided to brand customers, and the Subscription is provided to individual customers. Customers simultaneously receive and consume the benefits provided by the Group’s performance. (a) For AR/AI cloud solutions: The AR/AI cloud solutions are to implement virtual try-on function to websites of customers which allow internet users to visit. Internet users are able to use virtual try-on such as makeup, skincare, hair, nail, etc. The AR/AI cloud solutions are consecutively provided by the Group include future updates to its customers throughout the contract period. The typical contract terms of providing AR/AI cloud solutions to customers range from three months to multi-years, among which one year term is the most, the contract consideration was fixed and determined by the following factors: 1) functionality of the modules (eg. makeup, skincare, hair, nail, etc); 2) length of the contract period; 3) geographical coverage such as the number of countries/region to deploy the modules or the number of website domains to integrate our modules; 4) maximum numbers of product SKUs that a brand can utilize at the same time; and 5) additional manpower hours used for conducting the customization, if any. Once the contract is agreed by customers and the Group, the performance obligations among the contract is fixed with a stand ready feature. The Group then provides services to customers based on the contract. The Group applied output methods to recognize revenue on the straight-line basis through the contract period. Those services provided by the Group would be realized evenly during the contract period. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. (b) For Subscription: The Subscription is the Group provides premium functions in apps to customers which allow customers to subscribe through Apple App store and Google Play store. Customers who subscribe the premium functions are allowed to use the complete additional functions in the apps, remove watermarks and ad-free editing, etc. The Group currently offer monthly and yearly subscription plans (price varies by country) for such premium functions service. Apple App store and Google Play store play as platform provider for the Group to list its apps on the stores. The Group is considered as a principal on providing premium functions in apps to customers given that the Group is obliged to provide service to its customers and the Group has the right to determine the selling price of the service. Apple App store and Google Play store also claim a commission expenses from the Group based on the revenue generate from providing premium functions. The commission expenses are recognized as cost of sales and services. The control of the services transfers from the Group to customers through the contract period, the performance obligation satisfied over time. As a result, revenue is recognized over time. D. In terms of Advertisement, revenue is generated from the advertisements displayed by advertisement network service providers (ad networks) in the Group’s apps. The consideration of such service is determined based on the frequency of click or impression (usage-based) of the advertisement, which should be treated as a variable consideration. The typical contract term is monthly. The numbers of advertisements are delivered and the associated fees are tracked on a daily basis, and the Group recognized revenue on a monthly basis based on the daily collected information. E. When the Group enters into contracts which contain multiple performance obligations through B to D, the Group allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The stand-alone selling price is the price at which the Group sells a good or service separately to a customer.
Cost of sales and services	Cost of sales and services Cost of sales and services primarily consists of costs related to platform commission fees paid to platform owners, payroll costs directly related to sales and services activities, accrued provision and costs of sales of products.
Government grants	Government grants Government grants are recognized at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Group recognizes expenses for the related costs for which the grants are intended to compensate.
Operating segments	Operating segments Operating segments are reported in a manner consistent with the economic characteristics as well as types of products and services from which each operating segment derives its revenues, and the internal reporting provided to the chief operating decision maker. The Group’s chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the CEO (who is also the chairman of the Board of Directors) that makes strategic decisions. Although the Group has multiple operating segments by geography, the management takes the aggregation criteria outlined in Paragraphs 11 to 14 of IFRS 8 into consideration to determine the reportable operating segments. The judgements made by management in applying the aggregation criteria are based on the similarity of economic characteristics of these operating segments  —  (a) the nature of the services: The operating segments grant license of mobile applications or platforms and provide advertising services for their customers; (b) the type or class of customer for their services: The customer types of operating segments are mainly cosmetics companies and social media companies with high similarity in industry; (c) the methods used to provide their services: The services provided are mainly customized software. Perfect Mobile Corp., the Taiwan segment, serves as the core center of research, development, and design, and then all operating segments  —  including Perfect Mobile Corp. itself  —  deliver those services to their customers. All operating segments follow the same service providing process. In light of the qualitative and quantitative criteria, the Group concluded that it has only one reportable operating segment.
Recapitalization	Recapitalization The Recapitalization has been accounted for with Provident being identified as the “acquired” entity for financial reporting purposes. Accordingly, the Recapitalization has been accounted for as the equivalent of the Group issuing shares for the net assets of Provident, accompanied by a recapitalization with third party investors. The net assets of Provident were recognized at their net carrying amounts with no goodwill or other intangible assets. The acquisition of the net assets of Provident on the Closing Date does not meet the definition of a business combination under IFRS 3—Business Combinations and has therefore been accounted for within the scope of IFRS 2—Share-based Payments, with the former Provident shareholders receiving Perfect Class A Ordinary Shares based on Business Combination Agreement or requested redemption. The excess of fair value of Perfect Ordinary Shares issued over the fair value of Provident’s identifiable net assets acquired represents compensation for the service of a stock exchange listing for its shares and was expensed as incurred.

Application of New Standards,_2

Application of New Standards, Amendments and Interpretations (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of initial application of standards or interpretations [abstract]
Summary of new and amended standards adopted by the group	New Standards, Interpretations and Amendments Effective date by IASB IFRS 17, ‘Insurance contracts’ January 1, 2023 Amendments to IFRS 17, ‘Insurance contracts’ January 1, 2023 Amendments to IFRS 17, ‘Initial application of IFRS 17 and IFRS 9 - comparative information’ January 1, 2023 Amendments to IAS 1, ‘Disclosure of accounting policies’ January 1, 2023 Amendments to IAS 8, ‘Definition of accounting estimates’ January 1, 2023 Amendments to IAS 12, ‘Deferred tax related to assets and liabilities arising from a single transaction’ January 1, 2023 Amendments to IAS 12, ‘International tax reform - pillar two model rules’ May 23, 2023
Summary of new and revised International financial reporting standards not yet adopted	New Standards, Interpretations and Amendments Effective date by IASB Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’ To be determined by IASB Amendments to IFRS 16, ‘Lease liability in a sale and leaseback’ January 1, 2024 Amendments to IAS 1, ‘Classification of liabilities as current or non-current’ January 1, 2024 Amendments to IAS 1, ‘Non-current liabilities with covenants’ January 1, 2024 Amendments to IAS 7 and IFRS 7, ‘Supplier finance arrangements’ January 1, 2024 Amendments to IAS 21, ‘Lack of exchangeability’ January 1, 2025

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Summary of subsidiaries included in the consolidated financial statements	Subsidiaries included in the consolidated financial statements: Ownership (%) Name of investor Name of subsidiary Main business activities December 31, December 31, The Company Perfect Mobile Corp. (Taiwan) Design, development, marketing and sales of AR/AI SaaS solution and mobile applications. 100% 100% The Company Perfect Corp. (USA) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Corp. (Japan) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Corp. (Shanghai) Marketing and sales of AR/AI SaaS solution. 100% 100% The Company Perfect Mobile Corp.(B.V.I.) Investment activities. 100% 100% The Company Fashion Corp. For business combination purpose via SPAC transaction, please refer to Note 1 for details. 100% —% (Note ii) Perfect Mobile Corp. (Taiwan) Perfect Corp. (France) Marketing and service center for sales of AR/AI SaaS solution. 100% (Note i) 100%
Summary of estimated useful lives of property, plant and equipment	Leasehold improvements 2~3 years (or the lesser of the contract period of the lease) Machinery 3 years Office equipment 5 years

Details of Significant Accoun_2

Details of Significant Accounts (Tables)	12 Months Ended
	Dec. 31, 2023
Details of Significant Accounts
Schedule of cash and cash equivalents	December 31, 2022 December 31, 2023 Petty cash $ 1 $ 1 Checking accounts 1,279 2,139 Demand deposits 11,777 12,547 Time deposits 149,300 109,000 Others 259 184 $ 162,616 $ 123,871
Schedule of current financial assets at amortized cost	December 31, 2022 December 31, 2023 Time deposits with maturities over three months $ 30,000 $ 30,300
Schedule of accounts receivable	Accounts receivable December 31, 2022 December 31, 2023 Accounts receivable $ 7,756 $ 6,992
Schedule of ageing analysis of accounts receivable	The ageing analysis of accounts receivable is as follows: December 31, 2022 December 31, 2023 Not past due $ 6,062 $ 5,791 Up to 30 days 851 594 31 to 90 days 327 340 91 to 180 days 417 196 Over 181 days 99 71 $ 7,756 $ 6,992
Schedule of other current assets	December 31, 2022 December 31, 2023 Prepaid expenses $ 4,617 $ 3,773 Others 88 269 $ 4,705 $ 4,042
Schedule of property, plant and equipment	2022 Leasehold Machinery Office Total At January 1 Cost $ 516 $ 552 $ 48 $ 1,116 Accumulated depreciation (393) (296) (20) (709) $ 123 $ 256 $ 28 $ 407 Opening net book amount $ 123 $ 256 $ 28 $ 407 Additions 58 107 — 165 Depreciation expense (119) (119) (9) (247) Net exchange differences (11) (24) (1) (36) Closing net book amount $ 51 $ 220 $ 18 $ 289 At December 31 Cost $ 521 $ 602 $ 46 $ 1,169 Accumulated depreciation (470) (382) (28) (880) $ 51 $ 220 $ 18 $ 289 2023 Leasehold Machinery Office Total At January 1 Cost $ 521 $ 602 $ 46 $ 1,169 Accumulated depreciation (470) (382) (28) (880) $ 51 $ 220 $ 18 $ 289 Opening net book amount $ 51 $ 220 $ 18 $ 289 Additions 154 128 7 289 Depreciation expense (83) (106) (8) (197) Net exchange differences — (1) — (1) Closing net book amount $ 122 $ 241 $ 17 $ 380 At December 31 Cost $ 675 $ 729 $ 53 $ 1,457 Accumulated depreciation (553) (488) (36) (1,077) $ 122 $ 241 $ 17 $ 380
Schedule of movements of right-of-use assets	The movements of right-of-use assets of the Group are as follows: 2022 Buildings Business vehicles Total At January 1 Cost $ 898 $ 149 $ 1,047 Accumulated depreciation (377) (50) (427) $ 521 $ 99 $ 620 Opening net book amount $ 521 $ 99 $ 620 Additions 137 76 213 Cost of derecognition (137) — (137) Derecognized accumulated depreciation 137 — 137 Depreciation expense (361) (95) (456) Net exchange differences (45) (9) (54) Closing net book amount $ 252 $ 71 $ 323 At December 31 Cost $ 809 $ 208 $ 1,017 Accumulated depreciation (557) (137) (694) $ 252 $ 71 $ 323 2023 Buildings Business vehicles Total At January 1 Cost $ 809 $ 208 $ 1,017 Accumulated depreciation (557) (137) (694) $ 252 $ 71 $ 323 Opening net book amount $ 252 $ 71 $ 323 Additions 810 202 1,012 Cost of derecognition (677) (208) (885) Derecognized accumulated depreciation 677 161 838 Depreciation expense (357) (84) (441) Closing net book amount $ 705 $ 142 $ 847 At December 31 Cost $ 942 $ 202 $ 1,144 Accumulated depreciation (237) (60) (297) $ 705 $ 142 $ 847
Schedule of lease liabilities relating to lease contracts	Lease liabilities relating to lease contracts: December 31, 2022 December 31, 2023 Total lease liabilities $ 338 $ 868 Less: current portion (shown as ‘current lease liabilities’) (251) (481) $ 87 $ 387
Schedule of information on profit and loss accounts relating to lease contracts	The information on profit and loss accounts relating to lease contracts is as follows: Years ended December 31, 2021 2022 2023 Items affecting profit or loss Interest expense on lease liabilities $ 9 $ 8 $ 15 Expense on short-term lease contracts 391 383 352 $ 400 $ 391 $ 367
Schedule of intangible assets	2022 Software Other intangible assets Total At January 1 Cost $ 78 $ 82 $ 160 Accumulated amortization (33) (27) (60) $ 45 $ 55 $ 100 Opening net book amount $ 45 $ 55 $ 100 Additions 78 15 93 Cost of disposals (43) — (43) Accumulated amortization on disposals 43 — 43 Amortization charge (36) (27) (63) Net exchange differences (6) (5) (11) Closing net book amount $ 81 $ 38 $ 119 At December 31 Cost $ 104 $ 89 $ 193 Accumulated amortization (23) (51) (74) $ 81 $ 38 $ 119 2023 Software Other Total At January 1 Cost $ 104 $ 89 $ 193 Accumulated amortization (23) (51) (74) $ 81 $ 38 $ 119 Opening net book amount $ 81 $ 38 $ 119 Additions 33 — 33 Amortization charge (45) (30) (75) Closing net book amount $ 69 $ 8 $ 77 At December 31 Cost $ 137 $ 89 $ 226 Accumulated amortization (68) (81) (149) $ 69 $ 8 $ 77
Schedule of amortization on intangible assets	Details of amortization on intangible assets are as follows: Years ended December 31, 2021 2022 2023 Research and development expenses $ 47 $ 63 $ 75
Schedule of financial liabilities at fair value through profit or loss	December 31, 2022 December 31, 2023 Non-current items: Warrant liabilities $ 8,431 $ 8,431 Add: Valuation adjustment (5,224) (6,865) $ 3,207 $ 1,566
Schedule of amounts recognized in profit or loss and other comprehensive income in relation to financial liabilities at fair value through profit or loss	Amounts recognized in profit or loss and other comprehensive income in relation to financial liabilities at fair value through profit or loss are as follows: Years ended December 31, 2021 2022 2023 Net gains (losses) recognized in profit or loss Warrant liabilities $ — $ 5,224 $ 1,641 Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities (150,745) (99,001) — $ (150,745) $ (93,777) $ 1,641 Net losses recognized in other comprehensive income Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities $ (58) $ (7) $ —
Schedule of movement in all kinds of Perfect warrants	Movements in all kinds of Perfect Warrants are as follows: Public Warrants Private Placement Warrants Forward Purchase Warrants At January 1, 2022 — — — Converted from Provident’s warrants as part of business combination 11,500 6,600 2,750 Exercised — — — At December 31, 2022 11,500 6,600 2,750 Converted 1,250 — (1,250) At December 31, 2023 12,750 6,600 1,500
Schedule of other payables	December 31, 2022 December 31, 2023 Employee bonus $ 4,038 $ 4,662 Payroll 2,130 2,228 Remuneration to directors 53 115 Promotional fees 1,039 1,090 Professional service fees 1,371 1,415 Sales VAT payables 175 126 Post and telecommunications expenses 173 171 Others 329 524 $ 9,308 $ 10,331
Schedule of provisions	2022 2023 Warranty Warranty At January 1 $ 1,058 $ 1,855 Additional provisions 897 677 Used during the year — (112) Net exchange differences (100) (26) At December 31 $ 1,855 $ 2,394
Schedule of analysis of total provisions	Analysis of total provisions: December 31, 2022 December 31, 2023 Current $ 1,855 $ 2,394
Schedule of net defined benefit liability amounts recognized in the balance sheet	The amounts recognized in the balance sheet are as follows: December 31, 2022 December 31, 2023 Present value of defined benefit obligations $ (84) $ (92) Fair value of plan assets 11 13 Net defined benefit liability $ (73) $ (79)
Schedule of movements in net defined benefit liability	Movements in net defined benefit liability are as follows: 2022 Present value Fair value of Net defined At January 1 $ (113) $ 9 $ (104) Current service cost (2) — (2) Interest (expense) income (1) — (1) (116) 9 (107) Remeasurements: Return on plan assets — 1 1 Change in demographic assumptions (8) — (8) Change in financial assumptions 10 — 10 Experience adjustments 19 — 19 21 1 22 Pension fund contribution — 2 2 Net exchange differences 11 (1) 10 At December 31 $ (84) $ 11 $ (73) 2023 Present value Fair value of Net defined At January 1 $ (84) $ 11 $ (73) Current service cost (4) — (4) Interest (expense) income (1) — (1) (89) 11 (78) Remeasurements: Change in demographic assumptions (1) — (1) Experience adjustments (3) — (3) (4) — (4) Pension fund contribution — 2 2 Net exchange differences 1 — 1 At December 31 $ (92) $ 13 $ (79)
Schedule of principal actuarial assumptions and effect on present value of defined benefit obligation	The principal actuarial assumptions used were as follows: Years ended December 31, 2022 2023 Discount rate 1.50 % 1.50 % Future salary increases 3.00 % 3.00 % Discount rate Future salary increases Increase Decrease Increase Decrease 0.25% 0.25% 0.25% 0.25% December 31, 2022 Effect on present value of defined benefit obligation $ (5) $ 5 $ 5 $ (5) December 31, 2023 Effect on present value of defined benefit obligation $ (5) $ 6 $ 5 $ (5)
Schedule of analysis of timing of the future pension payment	The expected timing of the future pension payment was as follows: Within 1 year $ — 1-5 year(s) — Over 5 years 132 $ 132
Schedule of terms and condition	For the year ended December 31, 2022 and 2023, the Group’s Share Incentive Plan’s terms and condition are as follows: Plan Type of arrangement Settled by Maximum terms of option granted Vesting conditions Share Incentive Plan Employee stock options Equity Five years 2 years’ service: exercise 50% 3 years’ service: exercise 75% 4 years’ service: exercise 100% The following table illustrate the Group’s Incentive Stock Option Plan’s original terms and condition: Plan Type of arrangement Settled by Maximum terms of option granted Vesting conditions 2015 Incentive Stock Option Plan Employee stock options Equity Four years, one month 2 years’ service: exercise 50% 3 years’ service: exercise 75% 4 years’ service: exercise 100% 2018 Incentive Stock Option Plan Employee stock options Equity Five years 2 years’ service: exercise 50% 3 years’ service: exercise 75% 4 years’ service: exercise 100%
Schedule of movements of outstanding options under share incentive plan	Movements of outstanding options under Share Incentive Plan are as follows: 2022 (Note) 2023 No. of options Weighted- average exercise price per share No. of options Weighted- average exercise price per share Options outstanding at January 1 — $ — 2,063 $ 3.95 Options granted 2,143 3.95 2,288 4.93 Options forfeited (80) 3.95 (278) 4.34 Options outstanding at December 31 2,063 3.95 4,073 4.47 Options exercisable at December 31 — — Note: The comparable amounts in above table have been amended to show the number of units based on new subscription ratio for all periods presented. Movements of the Group’s Incentive Stock Option Plan prior to recapitalization are as follows: 2021 2022 No. of options Weighted- average exercise price per share No. of options Weighted- average exercise price per share Options outstanding at January 1 23,046 $ 0.18 26,629 $ 0.21 Options granted 8,388 0.27 — — Options forfeited (1,681) 0.22 — — Options exercised (3,124) 0.10 (26,629) 0.21 Options outstanding at December 31 26,629 0.21 — — Options exercisable at December 31 26,629 — —
Schedule of fair value of stock options granted on grant date measured using the black-scholes option-pricing model	The fair value of stock options granted on grant date is measured using the Black-Scholes option-pricing model. Relevant information is as follows: Plan Grant date Units granted Stock price per share Exercise price per share Expected price volatility (Note ii) Expected option life Expected dividends Risk-free interest rate Fair value per unit Share Incentive Plan 2022.01.21 (Note i) 2,143 $ 5.39 $ 3.95 53.75% 3.88 0.00% 1.46% $ 2.7637 2023.01.03 8 7.20 7.20 64.85% 3.87 0.00% 4.07% 3.7198 2023.05.23 2,260 4.93 4.93 69.15% 3.88 0.00% 3.90% 2.6615 2023.08.21 7 4.00 3.916 70.65% 3.88 0.00% 4.64% 2.2411 2023.11.02 5 2.43 2.43 70.37% 3.88 0.00% 4.77% 1.3487 Note i: Stock price, exercise price and fair value of stock option granted on January 21, 2022 were adjusted in connection with the recapitalization. Note ii: Expected price volatility is estimated based on the daily historical stock price fluctuation data of the Company and guideline companies of the last five years before the grant date. The fair value of stock options granted on grant date is measured using the Black-Scholes option-pricing model. Relevant information is as follows: Plan Range of stock price Exercise price Range of expected price volatility Expected option life Expected dividends Range of risk free interest rate Range of fair value per unit 2015 Incentive Stock Option Plan $0.0564~0.1777 $ 0.1000 39.29%~42.25% 3.42 0.00 % 0.45%~2.79% $0.0080~0.0947 2018 Incentive Stock Option Plan 0.1689~0.8931 0.3000 39.16%~53.27% 3.88 0.00 % 0.58%~2.29% 0.0228~0.6397 Sponsor Earnout Shares Expected dividend yield (%) 0.00 % Expected volatility 70.00 % Risk free interest rate 4.19 % Expected life (years) 5
Schedule of expenses incurred on share-based payment transactions	Expenses incurred on share-based payment transactions are shown below: Years ended December 31, 2021 2022 2023 Equity settled $ 1,782 $ 2,175 $ 3,268
Schedule of illustrates movement for the company's share capital	Movements for the Company’s share capital are as follows: Common Shares Perfect Class A Ordinary Shares Perfect Class B Ordinary Shares Total Note Shares Amount Shares Amount Shares Amount Amount At January 1, 2021 298,397 $ 29,840 — $ — — $ — $ 29,840 Employee stock option exercised 3,124 312 — — — — 312 At December 31, 2021 (a) 301,521 30,152 — — — — 30,152 Employee stock option exercised 26,629 2,663 — — — — 2,663 Conversion as part of recapitalization (b) (328,150) (32,815) 84,211 8,421 16,789 1,679 (22,715) Shares Issuance to exchange Provident outstanding shares (c) — — 17,264 1,726 — — 1,726 At December 31, 2022 (a) — — 101,475 10,147 16,789 1,679 11,826 Shares retired (d) — — (16,347) (1,634) — — (1,634) At December 31, 2023 — $ — 85,128 $ 8,513 16,789 $ 1,679 $ 10,192
Schedule of exchange of perfect shares for perfect new ordinary shares as part of reverse recapitalization	The exchange of the Perfect Shares for the Perfect Class A and Class B ordinary shares is reflected in the table below. Share type before share combination Number of shares Conversion ratio Share type after share conversion Number of shares Common shares 241,650 0.17704366 Class A Ordinary Shares 42,782 Preferred share 234,003 41,429 Subtotal 475,653 84,211 Common shares 86,500 0.17704366 Class B Ordinary Shares 15,314 Preferred share 8,328 1,475 Subtotal 94,828 16,789 Total 570,481 101,000
Schedule of reconciliation of additional paid-in-capital due to conversion of shares	The following table illustrates the reconciliation of additional paid-in capital due to the conversions of the Perfect Shares and the Perfect Class A and Class B Ordinary Shares: Additional paid-in capital Par value of the Perfect Common Shares $ 32,815 Fair value of the Perfect Preferred Shares on the Closing Date 358,238 Par value of the Class A and Class B Ordinary Shares (10,100) Subtotal 380,953 Listing expense 65,264 $ 446,217 Additional paid-in capital Proceed received upon recapitalization $ 112,893 Par value of the Class A Ordinary Shares (1,726) Fair value of the warrants at the Closing Date (8,430) Transactional cost (presented as accrued expense of Provident at Closing) (500) $ 102,237
Schedule of capital surplus	The following tables illustrates the detail of capital surplus: December 31, 2022 December 31, 2023 Additional paid-in capital $ 554,209 $ 477,734 Other: Employees’ stock option cost 2,162 5,430 Directors’ share-based compensation 58 — Retirement of treasury shares — 27,235 Subtotal 2,220 32,665 $ 556,429 $ 510,399
Reconciliation of capital surplus	The following table illustrates the reconciliation of the capital surplus due to shares repurchased and retired: Capital stock Additional paid-in capital Other Treasury shares Total Share Repurchase Plan: Shares repurchased $ — $ — $ — $ (1,064) $ (1,064) Shares retired (19) (893) 38 874 — Shares Surrender (2) 2 — — — Tender Offer (1,613) (75,584) 27,197 — (50,000) $ (1,634) $ (76,475) $ 27,235 $ (190) $ (51,064)
Schedule of revenue from contracts with customers	Years ended December 31, 2021 2022 2023 Revenue from contracts with customers $ 40,760 $ 47,300 $ 53,505
Schedule of disaggregation of revenue from contracts with customers	The Group derives revenue from the transfer of goods and services over time and at a point in time in the following geographical regions: 2021 United States Japan France Others Total Revenue from external customer contracts $ 20,173 $ 4,520 $ 3,206 $ 12,861 $ 40,760 Timing of revenue recognition: At a point in time $ 5,114 $ 676 $ 771 $ 2,331 $ 8,892 Over time 15,059 3,844 2,435 10,530 31,868 $ 20,173 $ 4,520 $ 3,206 $ 12,861 $ 40,760 2022 United States Japan France Others Total Revenue from external customer contracts $ 24,291 $ 4,717 $ 3,431 $ 14,861 $ 47,300 Timing of revenue recognition: At a point in time $ 5,126 $ 871 $ 590 $ 1,979 $ 8,566 Over time 19,165 3,846 2,841 12,882 38,734 $ 24,291 $ 4,717 $ 3,431 $ 14,861 $ 47,300 2023 United States Japan France Others Total Revenue from external customer contracts $ 24,992 $ 4,301 $ 4,170 $ 20,042 $ 53,505 Timing of revenue recognition: At a point in time $ 4,380 $ 523 $ 471 $ 2,214 $ 7,588 Over time 20,612 3,778 3,699 17,828 45,917 $ 24,992 $ 4,301 $ 4,170 $ 20,042 $ 53,505 (b) Alternatively, the disaggregation of revenue could also be distinct as follows: Years ended December 31, 2021 2022 2023 AR/AI cloud solutions and Subscription $ 29,470 $ 36,915 $ 44,755 Licensing 8,857 8,432 7,546 Advertisement 2,398 1,819 1,162 Others (Note) 35 134 42 $ 40,760 $ 47,300 $ 53,505
Schedule of contract assets and contract liabilities	December 31, 2022 December 31, 2023 Contract assets: Unbilled revenue $ 3,660 $ 2,770 Contract liabilities: Advance sales receipts $ 13,024 $ 15,346
Schedule of revenue recognized that was included in contract liability balance at beginning of the period	Years ended December 31, 2021 2022 2023 Revenue recognized that was included in the contract liability balance at the beginning of the period Advance sales receipts $ 4,782 $ 8,831 $ 12,738
Schedule of interest income	Years ended December 31, 2021 2022 2023 Interest income from bank deposits $ 131 $ 1,977 $ 4,188 Interest income from financial assets at amortized cost — 52 5,309 Imputed interest on deposit — — 1 $ 131 $ 2,029 $ 9,498
Schedule of other income	Years ended December 31, 2021 2022 2023 Subsidy from government $ 21 $ 1 $ 21 Others 97 74 12 $ 118 $ 75 $ 33
Schedule of other gains and losses	Years ended December 31, 2021 2022 2023 Foreign exchange gains (losses) $ (893) $ 1,303 $ 34 Gains (losses) on financial liabilities at fair value through profit or loss (150,745) (93,777) 1,641 $ (151,638) $ (92,474) $ 1,675
Schedule of finance costs	Years ended December 31, 2021 2022 2023 Interest expense – lease liabilities $ 9 $ 8 $ 15
Schedule of costs and expenses by nature	Years ended December 31, 2021 2022 2023 Cost of goods sold $ 2 $ 39 $ 3 Employee benefit expenses 23,472 27,300 27,956 Promotional fees 10,841 7,517 9,565 Platform fees 4,286 5,518 8,708 Professional service fees 3,753 8,537 6,888 Insurance expenses 82 459 2,102 Warranty cost 734 897 677 Depreciation of right-of-use assets 389 456 441 Depreciation of property, plant and equipment 209 247 197 Amortization of intangible assets 47 63 75 Listing expense — 65,264 — Others 1,982 2,077 2,553 $ 45,797 $ 118,374 $ 59,165
Schedule of employee benefit expenses	Years ended December 31, 2021 2022 2023 Wages and salaries $ 19,328 $ 22,083 $ 21,263 Remuneration to directors — 112 553 Employee insurance fees 1,218 1,376 1,349 Pension costs 613 676 707 Employee stock options 1,782 2,117 3,268 Other personnel expenses 531 936 816 $ 23,472 $ 27,300 $ 27,956
Schedule of income tax expense	Years ended December 31, 2021 2022 2023 Current income tax: Current tax expense recognized for the current period $ 300 $ 390 $ 144 Prior year income tax underestimation 9 3 — Total current tax 309 393 144 Deferred income tax: Origination and reversal of temporary differences (47) (101) (29) Taxable losses 155 — — Total deferred income tax 108 (101) (29) Income tax expense $ 417 $ 292 $ 115
Schedule of reconciliation between income tax expense and accounting loss	Years ended December 31, 2021 2022 2023 Tax calculated based on loss before tax and statutory tax rate (Note i) $ (1,132) $ (368) $ (221) Effects from items disallowed by tax regulation 32 46 18 Effects from non-deductible offshore income tax 110 147 6 Temporary difference not recognized as deferred income tax assets 497 141 702 Prior year income tax underestimation 9 3 — Taxable loss not recognized as deferred income tax assets 893 638 1,732 Change in assessment of realization of deferred income tax assets — (301) (2,139) (Note ii) Effects from other states apart from where United States subsidiary registered 7 8 8 Others 1 (22) 9 Income tax expense $ 417 $ 292 $ 115 Note i: As a Cayman Islands corporation, the Company’s domestic statutory income tax rate is 0.0%. Hence, there was no tax impact to the Company. The difference between the Company’s domestic statutory income tax rate and its income tax expense is due to the effect of the tax rates in the other jurisdictions in which the Company operates. The basis for computing the applicable tax rate are the rates applicable in the respective countries where the Group entities operate. Note ii: The change in assessment of the realization of deferred income tax assets mainly consists of the use of net operating loss (NOL).
Schedule of statutory tax raters for significant jurisdictions	The following table illustrates the statutory tax rates for significant jurisdictions that the Company operates: Years ended December 31, Jurisdictions 2021 2022 2023 United States (Federal/State) 21%/8.84% 21%/8.84% 21%/8.84% Japan 34.45 % 35.73 % 34.60 % Taiwan 20 % 20 % 20 %
Schedule of deferred income tax assets or liabilities as a result of temporary differences and tax losses	Amounts of deferred income tax assets or liabilities as a result of temporary differences and tax losses are as follows: 2022 January 1 Recognized in profit or loss Net exchange differences December 31 Deferred income tax assets:  – Temporary differences: Unrealized expenses $ 158 $ 91 $ (21) $ 228 Unrealized exchange losses (2) 2 — — Others 9 8 (1) 16 $ 165 $ 101 $ (22) $ 244 2023 January 1 Recognized in profit or loss Net exchange differences December 31 Deferred income tax assets:  – Temporary differences: Unrealized expenses $ 228 $ 43 $ (15) $ 256 Others 16 (14) (1) 1 $ 244 $ 29 $ (16) $ 257
Schedule of expiration dates of unused taxable losses and amounts of unrecognized deferred income tax assets	Expiration dates of unused taxable losses and amounts of unrecognized deferred income tax assets are as follows: December 31, 2023 Year incurred Amount filed/ Unused amount Unrecognized deferred Expiry year 2016 $ 4,867 $ 4,043 $ 4,043 2036 2017 3,601 3,601 3,601 2037 2018 7,522 2,820 2,820 2028~no expiration 2019 918 918 918 2024~2029 2020 903 903 903 2030 2021 3,594 3,594 3,594 no expiration 2022 3,271 3,271 3,271 2027~no expiration 2023 6,030 6,030 6,030 2028~no expiration $ 30,706 $ 25,180 $ 25,180
Schedule of deductible temporary difference that are not recognized as deferred income tax assets	The amounts of deductible temporary difference that are not recognized as deferred income tax assets are as follows: December 31, 2022 December 31, 2023 Deductible temporary differences $ 614 $ 3,424
Schedule of earnings (losses) per share	Year ended December 31, 2021 Amount after tax Weighted average number of ordinary shares outstanding Loss per share (in dollars) Basic loss per share Loss attributable to ordinary shareholders of the parent $ (156,852) 52,965 $ (2.96) Dilutive loss per share Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares $ (156,852) 52,965 $ (2.96) Year ended December 31, 2022 Amount after tax Weighted average number of ordinary shares outstanding Loss per share Basic loss per share Loss attributable to ordinary shareholders of the parent $ (161,744) 68,337 $ (2.37) Dilutive loss per share Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares $ (161,744) 68,337 $ (2.37) Year ended December 31, 2023 Amount after tax Weighted average number of ordinary shares outstanding Earnings per share Basic earnings per share Profit attributable to ordinary shareholders of the parent $ 5,416 118,024 $ 0.05 Dilutive earnings per share Profit attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares $ 5,416 118,024 $ 0.05 Note: Employee stock options was excluded from the calculation of diluted earnings (loss) per share as it is anti-dilutive for the years ended December 31, 2021, 2022 and 2023.
Schedule of changes in liabilities from financing activities	2021 Financial liabilities Lease liabilities (including Liabilities from financing At January 1 $ 108,427 $ 340 $ 108,767 Changes in cash flow from financing activities — (393) (393) Net exchange differences — 13 13 Change in fair value through profit and loss 150,745 — 150,745 Change in fair value through other comprehensive income 58 — 58 Changes in other non-cash items – additions — 678 678 At December 31 $ 259,230 $ 638 $ 259,868 2022 Financial liabilities Lease liabilities (including Liabilities from financing At January 1 $ 259,230 $ 638 $ 259,868 Changes in cash flow from financing activities — (457) (457) Net exchange differences — (56) (56) Warrants assumed in connection with the Recapitalization 8,431 — 8,431 Exchange of preferred shares (358,238) — (358,238) Change in fair value through profit and loss 93,777 — 93,777 Change in fair value through other comprehensive income 7 — 7 Changes in other non-cash items – additions — 213 213 At December 31 $ 3,207 $ 338 $ 3,545 2023 Financial liabilities Lease liabilities (including Liabilities from financing At January 1 $ 3,207 $ 338 $ 3,545 Changes in cash flow from financing activities — (435) (435) Change in fair value through profit and loss (1,641) — (1,641) Changes in other non-cash items – additions — 1,012 1,012 Changes in other non-cash items – lease modification — (47) (47) At December 31 $ 1,566 $ 868 $ 2,434
Schedule of listing expense	The excess of fair value of Perfect Ordinary Shares issued over the fair value of Provident’s identifiable net assets acquired represents compensation for the service of a stock exchange listing for its shares and was expensed as incurred, the summary of which is as follows: Listing expense Net assets of Provident at Closing, excluding the impact of PIPE and FPA investors $ 63 Cash and cash equivalents 7,893 Accrued expenses (500) Warrant liabilities (Note i) (7,330) Total value of Perfect shares issued to Provident shareholders, excluding PIPE and FPA Investor (Note ii) (56,478) Adjustment to listing expense as result of Sponsor Earnout (8,849) $ (65,264) Note i : The difference between $7,330 and the warrant liability of $8,431 in Note 6(8) is the value of the FPA warrants. Note ii : The fair value was based on 6,764 thousand shares issued and the opening market price of Provident of $8.35 (in dollars) per share as of October 28, 2022.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [abstract]
Schedule of significant related party transactions	Names of related parties Relationship with the Group CyberLink Corp. (CyberLink) Other related party (Significant influence (Note) over the Company) CyberLink Inc. (CyberLink-Japan) Other related party (Subsidiary of CyberLink) Years ended December 31, Description 2021 2022 2023 CyberLink Revenue-others (service revenue) $ 35 $ 28 $ 32 December 31, 2022 December 31, 2023 CyberLink $ 38 $ 26 CyberLink-Japan 25 24 $ 63 $ 50 Years ended December 31, Description 2021 2022 2023 CyberLink Management service fee $ 128 $ 80 $ 48 Years ended December 31, 2021 2022 2023 CyberLink-Japan $ 99 $ 90 $ 84 Acquisition of right-of-use assets: Years ended December 31, 2021 2022 2023 CyberLink $ 530 $ — $ 477 Lease liabilities December 31, 2022 December 31, 2023 Total lease liabilities $ 145 $ 381 Less: Current portion (shown as ‘current lease liabilities’) (145) (238) $ — $ 143 Interest expense Years ended December 31, 2021 2022 2023 CyberLink $ 4 $ 5 $ 6
Schedule of key management compensation	Years ended December 31, 2021 2022 2023 Salaries and other short-term employee benefits $ 1,711 $ 2,330 $ 2,484 Share-based payment 314 416 552 Post-employment benefits 12 11 10 $ 2,037 $ 2,757 $ 3,046

Others (Tables)

Others (Tables)	12 Months Ended
	Dec. 31, 2023
Others
Schedule of gearing ratios	As of December 31, 2022 and 2023, the Group’s gearing ratios are as follows: December 31, 2022 December 31, 2023 Total liabilities $ 28,309 $ 30,957 Total equity $ 181,964 $ 139,406 Gearing ratio 0.16 0.22
Schedule of financial instruments by category	Financial instruments by category December 31, 2022 December 31, 2023 Financial assets Financial assets at amortized cost Cash and cash equivalents $ 162,616 $ 123,871 Current financial assets at amortized cost 30,000 30,300 Accounts receivable 7,756 6,992 Other receivables 314 343 Guarantee deposits paid 125 140 $ 200,811 $ 161,646 December 31, 2022 December 31, 2023 Financial liabilities Financial liabilities at fair value through profit or loss Warrant liabilities $ 3,207 $ 1,566 Financial liabilities at amortized cost Other payables (including related parties) $ 9,371 $ 10,381 Guarantee deposits received 25 25 $ 9,396 $ 10,406 Lease liabilities $ 338 $ 868
Schedule of significant financial assets and liabilities denominated in foreign currencies	ensitivity analysis for significant financial assets and liabilities denominated in foreign currencies illustrate as follows: December 31, 2022 Sensitivity analysis Foreign currency amount Exchange rate Functional currency Book value Degree of variation Effect on profit or loss Financial assets Monetary items USD:NTD $ 22,660 30.71 $ 695,889 $ 22,660 1% $ 227 EUR:NTD 833 32.72 27,256 888 1% 9 JPY:NTD 436,755 0.23 100,454 3,271 1% 33 Financial liabilities Monetary items USD:NTD 2,620 30.71 80,460 2,620 1% 26 USD:JPY 221 132.14 29,203 221 1% 2 USD:RMB 65 6.97 453 65 1% 1 December 31, 2023 Sensitivity analysis Foreign currency amount Exchange rate Functional currency Book value Degree of variation Effect on profit or loss Financial assets Monetary items NTD:USD $ 79,097 0.0326 $ 2,579 $ 2,579 1 % $ 26 EUR:USD 664 1.1064 735 735 1 % 7 JPY:USD 317,217 0.0071 2,252 2,252 1 % 23 Financial liabilities Monetary items EUR:USD 138 1.1064 153 153 1 % 2 USD:JPY 168 141.39 23,754 168 1 % 2
Schedule of contractual undiscounted cash flows of non-derivative financial liabilities	The amounts disclosed in the table are the contractual undiscounted cash flows. Non-derivative financial liabilities: December 31, 2022 Less than Between 2-5 Over Financial liabilities at fair value through profit or loss $ — $ 3,207 $ — Other payables (including related parties) 9,371 — — Lease liabilities (Note) 255 89 — Guarantee deposits received — 25 — Non-derivative financial liabilities: December 31, 2023 Less than Between 2-5 Over Financial liabilities at fair value through profit or loss $ — $ 1,566 $ — Other payables (including related parties) 10,381 — — Lease liabilities (Note) 496 392 — Guarantee deposits received — 25 — Note: The amount included the interest of estimated future payments.
Schedule of natures of the liabilities	The related information of natures of the liabilities is as follows: December 31, 2022 Level 1 Level 2 Level 3 Total Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Compound instrument: Warrant liabilities $ 1,769 $ 1,438 $ — $ 3,207 December 31, 2023 Level 1 Level 2 Level 3 Total Liabilities Recurring fair value measurements Financial liabilities at fair value through profit or loss Compound instrument: Warrant liabilities $ 954 $ 612 $ — $ 1,566
Schedule of movement of significant unobservable inputs (Level 3 )	The following chart is the movement of Level 3 for the year ended December 31, 2022: 2022 Compound At January 1, 2022 $ 259,230 Gains and losses recognized in profit or loss Recorded as non-operating income and expenses 99,001 Gains and losses recognized in other comprehensive income Recorded as credit risk changes in financial instrument through other comprehensive income 7 Transfers to Level 2 (358,238) At December 31, 2022 $ —

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of operating segments [abstract]
Schedule of Geographical information	Geographical information for the years ended December 31, 2021, 2022 and 2023 is as follows: Years ended December 31, 2021 2022 2023 Revenue Revenue Revenue United States $ 20,173 $ 24,291 $ 24,992 Japan 4,520 4,717 4,301 France 3,206 3,431 4,170 Others 12,861 14,861 20,042 $ 40,760 $ 47,300 $ 53,505
Schedule of Major customer information	Major customer information of the Group (exceed 10% of revenue) for the years ended December 31, 2021, 2022 and 2023 is as follows: Years ended December 31, 2021 2022 2023 Revenue Revenue Revenue Client A $ 5,869 $ 5,195 $ 4,416

History and Organization (Detai

History and Organization (Details) $ / shares in Units, $ in Thousands				8 Months Ended	12 Months Ended
	Nov. 24, 2023 USD ($) $ / shares shares	May 04, 2023 USD ($)	Oct. 28, 2022 $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares	Dec. 31, 2021 $ / shares
History and Organization
Par value per share (in USD per share)						$ 0.1	$ 0.1
Common stock conversion ratio			0.17704366
Number of shares after share combination (in shares) | shares				101,000,000	101,000,000
Shares retired (in shares) | shares					16,320,000
Perfect common share
History and Organization
Par value per share (in USD per share)			$ 0.1
Shares retired (in shares) | shares					0
Perfect Class A Ordinary Shares
History and Organization
Par value per share (in USD per share)				$ 0.1	$ 0.1	0.1
Number of perfect class A ordinary share issued upon requested redemption of each provident share (in USD per share)			$ 0.1
Number of shares after share combination (in shares) | shares			1	84,211,000	84,211,000
Stock repurchase program authorized shares (in shares) | shares	16,129,032
Share price per share (in USD per share)	$ 3.10
Share repurchase, authorised amount | $	$ 50,000	$ 20,000
Shares retired (in shares) | shares	16,129,010				(16,347,000)
Treasury shares repurchased, amount | $				$ 1,064
Perfect Class B Ordinary Shares
History and Organization
Par value per share (in USD per share)				$ 0.1	$ 0.1	$ 0.1
Number of perfect class A ordinary share issued upon requested redemption of each provident share (in USD per share)			$ 0.1
Number of shares after share combination (in shares) | shares				16,789,000	16,789,000
Shares retired (in shares) | shares					0
Provident Class A Ordinary Shares
History and Organization
Par value per share (in USD per share)			0.0001
Provident Class B Ordinary Shares
History and Organization
Par value per share (in USD per share)			$ 0.0001

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Perfect Mobile Corp. (Taiwan)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Corp. (USA)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Corp. (Japan)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Corp. (Shanghai)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Perfect Mobile Corp.(B.V.I.)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%
Fashion Corp.
Disclosure of subsidiaries [line items]
Ownership percentage	0%	100%
Perfect Corp. (France)
Disclosure of subsidiaries [line items]
Ownership percentage	100%	100%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property, plant and equipment (Details)	12 Months Ended
	Dec. 31, 2023
Leasehold improvements | Minimum
Office equipment
Estimated useful lives of property, plant and equipment	2 years
Leasehold improvements | Maximum
Office equipment
Estimated useful lives of property, plant and equipment	3 years
Machinery
Office equipment
Estimated useful lives of property, plant and equipment	3 years
Office equipment
Office equipment
Estimated useful lives of property, plant and equipment	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Intangible assets (Details)	12 Months Ended
	Dec. 31, 2023
Software
Disclosure of detailed information about intangible assets [line items]
Estimated useful lives of intangible assets	3 years
Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Estimated useful lives of intangible assets	3 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Additional (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) segment item
Notes and other explanatory information [abstract]
Number of major revenue streams | item	3
Recapitalization of goodwill | $	$ 0
Number of reportable operating segment | segment	1
Minimum
Notes and other explanatory information [abstract]
Revenue contract terms	3 months
Maximum
Notes and other explanatory information [abstract]
Revenue contract terms	1 year

Critical Accounting Judgement_2

Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 28, 2022	Dec. 31, 2023	Dec. 31, 2022
Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty
Warrant liabilities		$ 1,566	$ 3,207
Perfect Class A Ordinary Shares
Critical Accounting Judgements, Estimates and Key Sources of Assumption Uncertainty
Number of shares issued for acquisition (in shares)		6,764
Open market price of share (in USD per share)	$ 8.35

Details of Significant Accoun_3

Details of Significant Accounts - Cash and cash equivalents, schedule of cash and cash equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Significant Accounts
Petty cash	$ 1	$ 1
Checking accounts	2,139	1,279
Demand deposits	12,547	11,777
Time deposits	109,000	149,300
Others	184	259
Cash and cash equivalents	$ 123,871	$ 162,616	$ 80,453	$ 79,018

Details of Significant Accoun_4

Details of Significant Accounts - Cash and cash equivalents - Additional Information (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Details of Significant Accounts
Percentage of cash and cash equivalents in reporting currency	93%
Cash and cash equivalent pledged	$ 0

Details of Significant Accoun_5

Details of Significant Accounts - Current financial assets, schedule of current financial assets at amortized cost (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Details of Significant Accounts
Time deposits with maturities over three months	$ 30,300	$ 30,000

Details of Significant Accoun_6

Details of Significant Accounts - Current financial assets at amortized cost - Additional Information (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Details of Significant Accounts
Financial assets at amortised cost pledged to others	$ 0
Percentage of financial assets at amortized cost denominated in reporting currency	100%

Details of Significant Accoun_7

Details of Significant Accounts - Accounts receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Accounts receivable	$ 6,992	$ 7,756	$ 6,568

Details of Significant Accoun_8

Details of Significant Accounts - Accounts receivable, schedule of ageing analysis of accounts receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Trade and other current receivables [abstract]
Accounts receivable	$ 6,992	$ 7,756	$ 6,568
Not past due
Trade and other current receivables [abstract]
Accounts receivable	5,791	6,062
Up to 30 days
Trade and other current receivables [abstract]
Accounts receivable	594	851
31 to 90 days
Trade and other current receivables [abstract]
Accounts receivable	340	327
91 to 180 days
Trade and other current receivables [abstract]
Accounts receivable	196	417
Over 181 days
Trade and other current receivables [abstract]
Accounts receivable	$ 71	$ 99

Details of Significant Accoun_9

Details of Significant Accounts - Accounts receivable, additional information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Accounts receivable	$ 6,992	$ 7,756	$ 6,568
Maximum exposure to credit risk in respect of amount that best represents accounts receivable	$ 6,992	$ 7,756

Details of Significant Accou_10

Details of Significant Accounts - Schedule of other current assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Details of Significant Accounts
Prepaid expenses	$ 3,773	$ 4,617
Others	269	88
Total	$ 4,042	$ 4,705

Details of Significant Accou_11

Details of Significant Accounts - Schedule of property, plant and equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	$ 289	$ 407
Additions	289	165
Depreciation expense	(197)	(247)	$ (209)
Net exchange differences	(1)	(36)
Closing net book amount	380	289	407
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	1,169	1,116
Closing net book amount	1,457	1,169	1,116
Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(880)	(709)
Closing net book amount	(1,077)	(880)	(709)
Leasehold improvements
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	51	123
Additions	154	58
Depreciation expense	(83)	(119)
Net exchange differences	0	(11)
Closing net book amount	122	51	123
Leasehold improvements | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	521	516
Closing net book amount	675	521	516
Leasehold improvements | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(470)	(393)
Closing net book amount	(553)	(470)	(393)
Machinery
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	220	256
Additions	128	107
Depreciation expense	(106)	(119)
Net exchange differences	(1)	(24)
Closing net book amount	241	220	256
Machinery | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	602	552
Closing net book amount	729	602	552
Machinery | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(382)	(296)
Closing net book amount	(488)	(382)	(296)
Office equipment
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	18	28
Additions	7	0
Depreciation expense	(8)	(9)
Net exchange differences	0	(1)
Closing net book amount	17	18	28
Office equipment | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	46	48
Closing net book amount	53	46	48
Office equipment | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Opening net book amount	(28)	(20)
Closing net book amount	$ (36)	$ (28)	$ (20)

Details of Significant Accou_12

Details of Significant Accounts - Schedule of property, plan and equipment - Additional Information (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Details of Significant Accounts
Property, plant and equipment, pledged as security	$ 0

Details of Significant Accou_13

Details of Significant Accounts - Leasing arrangements - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Lease commitments for short-term leases	$ 136	$ 152	$ 112
Minimum
Details of Significant Accounts
Lease term	2 years
Maximum
Details of Significant Accounts
Lease term	3 years

Details of Significant Accou_14

Details of Significant Accounts - Leasing arrangements, schedule of movements of right-of-use assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Opening net book amount	$ 323	$ 620
Additions	1,012	213
Depreciation expense	(441)	(456)	$ (389)
Net exchange differences		(54)
Closing net book amount	847	323	620
Cost
Details of Significant Accounts
Opening net book amount	1,017	1,047
Derecognition	(885)	(137)
Closing net book amount	1,144	1,017	1,047
Accumulated depreciation
Details of Significant Accounts
Opening net book amount	(694)	(427)
Derecognition	838	137
Closing net book amount	(297)	(694)	(427)
Buildings
Details of Significant Accounts
Opening net book amount	252	521
Additions	810	137
Depreciation expense	(357)	(361)
Net exchange differences		(45)
Closing net book amount	705	252	521
Buildings | Cost
Details of Significant Accounts
Opening net book amount	809	898
Derecognition	(677)	(137)
Closing net book amount	942	809	898
Buildings | Accumulated depreciation
Details of Significant Accounts
Opening net book amount	(557)	(377)
Derecognition	677	137
Closing net book amount	(237)	(557)	(377)
Business vehicles
Details of Significant Accounts
Opening net book amount	71	99
Additions	202	76
Depreciation expense	(84)	(95)
Net exchange differences		(9)
Closing net book amount	142	71	99
Business vehicles | Cost
Details of Significant Accounts
Opening net book amount	208	149
Derecognition	(208)	0
Closing net book amount	202	208	149
Business vehicles | Accumulated depreciation
Details of Significant Accounts
Opening net book amount	(137)	(50)
Derecognition	161	0
Closing net book amount	$ (60)	$ (137)	$ (50)

Details of Significant Accou_15

Details of Significant Accounts - Leasing arrangements, schedule of lease liabilities relating to lease contracts (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Details of Significant Accounts
Total lease liabilities	$ 868	$ 338
Less: current portion (shown as ‘current lease liabilities’)	(481)	(251)
Non-current lease liabilities	$ 387	$ 87

Details of Significant Accou_16

Details of Significant Accounts - Leasing arrangements, schedule of information on profit and loss accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Items affecting profit or loss
Interest expense on lease liabilities	$ 15	$ 8	$ 9
Expense on short-term lease contracts	352	383	391
Items affecting profit or loss due to leases	$ 367	$ 391	$ 400

Details of Significant Accou_17

Details of Significant Accounts - Leasing arrangements - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Cash outflow for leases	$ 802	$ 848	$ 793
Interest expense on lease liabilities	15	8	9
Expense on short-term lease contracts	352	383	391
Repayments of principal portion of lease liabilities	$ 435	$ 457	$ 393

Details of Significant Accou_18

Details of Significant Accounts - Intangible assets, schedule of intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	$ 119	$ 100
Additions	33	93
Amortization charge	(75)	(63)	$ (47)
Net exchange differences		(11)
Closing net book amount	77	119	100
Cost
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	193	160
Disposals		(43)
Closing net book amount	226	193	160
Accumulated depreciation
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	(74)	(60)
Disposals		43
Closing net book amount	(149)	(74)	(60)
Software
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	81	45
Additions	33	78
Amortization charge	(45)	(36)
Net exchange differences		(6)
Closing net book amount	69	81	45
Software | Cost
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	104	78
Disposals		(43)
Closing net book amount	137	104	78
Software | Accumulated depreciation
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	(23)	(33)
Disposals		43
Closing net book amount	(68)	(23)	(33)
Other intangible assets
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	38	55
Additions	0	15
Amortization charge	(30)	(27)
Net exchange differences		(5)
Closing net book amount	8	38	55
Other intangible assets | Cost
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	89	82
Disposals		0
Closing net book amount	89	89	82
Other intangible assets | Accumulated depreciation
Disclosure of detailed information about intangible assets [line items]
Opening net book amount	(51)	(27)
Disposals		0
Closing net book amount	$ (81)	$ (51)	$ (27)

Details of Significant Accou_19

Details of Significant Accounts - Intangible assets, schedule of amortization on intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about intangible assets [line items]
Amortization of intangible assets	$ 75	$ 63	$ 47
Research and development expenses
Disclosure of detailed information about intangible assets [line items]
Amortization of intangible assets	$ 75	$ 63	$ 47

Details of Significant Accou_20

Details of Significant Accounts - Financial liabilities, schedule of financial liabilities at fair value through profit or loss (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial liabilities [line items]
Non-current warrant liabilities	$ 1,566	$ 3,207
Warrant liabilities
Disclosure of financial liabilities [line items]
Non-current warrant liabilities	8,431	8,431
Add: Valuation adjustment	$ (6,865)	$ (5,224)

Details of Significant Accou_21

Details of Significant Accounts - Financial liabilities at FV, schedule of amounts recognized in profit or loss and OCI in relation to financial liabilities at fair value through profit or loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [line items]
Net losses recognized in profit or loss, financial liabilities designated as at fair value through profit or loss	$ 1,641	$ (93,777)	$ (150,745)
Warrant liabilities
Disclosure of financial liabilities [line items]
Net losses recognized in profit or loss, financial liabilities designated as at fair value through profit or loss	1,641	5,224	0
Preference share liabilities
Disclosure of financial liabilities [line items]
Net losses recognized in profit or loss, financial liabilities designated as at fair value through profit or loss	0	(99,001)	(150,745)
Financial liabilities designated as at fair value through profit or loss - Preferred share liabilities	$ 0	$ (7)	$ (58)

Details of Significant Accou_22

Details of Significant Accounts - Financial liabilities at FV, warrant liabilities - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands					12 Months Ended
	Nov. 20, 2023	Oct. 28, 2022	Oct. 27, 2022	Jan. 07, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [line items]
Number of warrants issued and sold (in shares)					20,850,000
Minimum threshold written notice period for redemption of warrants					30 days
Forward Purchase Agreements
Disclosure of financial liabilities [line items]
Number of warrants issued and sold (in shares)						2,750,000
Number of forward purchase shares issued and sold (in shares)		6,764,000	5,500,000			5,500,000
Aggregate purchase price			$ 55,000			$ 55,000
Public Warrants and Forward Purchase Warrants | Redemption of warrants when the price per perfect class A ordinary shares equal or exceed $18.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share)					$ 18
Public Warrants and Forward Purchase Warrants | Redemption of warrants when the price per class A ordinary share equals or exceeds $10.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share)					$ 10
Private Placement Warrants
Disclosure of financial liabilities [line items]
Warrants converted during period (in shares)					0
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination					30 days
Private Placement Warrants | Redemption of warrants when the price per perfect class A ordinary shares equal or exceed $18.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share)					$ 18
Private Placement Warrants | Redemption of warrants when the price per class A ordinary share equals or exceeds $10.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share)					$ 10
Preference shares
Disclosure of financial liabilities [line items]
Number of forward purchase shares issued and sold (in shares)		242,331,000
Warrant liabilities
Disclosure of financial liabilities [line items]
Number of shares called by each warrant (in shares)					20,850,000
Warrant liabilities | Public Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant (in shares)					12,750,000	11,500,000	0
Number of warrants issued and sold (in shares)					11,500,000
Warrant liabilities | Public Warrants and Forward Purchase Warrants
Disclosure of financial liabilities [line items]
Warrants converted during period (in shares)	1,250,000				1,250,000
Warrant liabilities | Public Warrants and Forward Purchase Warrants | Redemption of warrants when the price per perfect class A ordinary shares equal or exceed $18.00
Disclosure of financial liabilities [line items]
Stock price trigger for redemption of warrants (in dollars per share)					$ 18
Redemption price per warrant (in dollars per share)					$ 0.01
Minimum threshold written notice period for redemption of warrants					30 days
Threshold trading days for redemption of warrants					20 days
Threshold consecutive trading days for redemption of warrants					30 days
Threshold business days before sending notice of redemption to warrant holders					3 days
Warrant liabilities | Public Warrants and Forward Purchase Warrants | Redemption of warrants when the price per class A ordinary share equals or exceeds $10.00
Disclosure of financial liabilities [line items]
Redemption price per warrant (in dollars per share)					$ 0.10
Minimum threshold written notice period for redemption of warrants					30 days
Warrant liabilities | Forward Purchase Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant (in shares)					1,500,000	2,750,000	0
Warrants converted during period (in shares)					(1,250,000)
Warrant liabilities | Forward Purchase Warrants | Forward Purchase Agreements
Disclosure of financial liabilities [line items]
Number of warrants issued and sold (in shares)			2,750,000
Warrant liabilities | Private Placement Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant (in shares)					6,600,000	6,600,000	0
Number of warrants issued and sold (in shares)				6,600,000
Warrant liabilities | Class A Ordinary Shares
Disclosure of financial liabilities [line items]
Number of shares called by each warrant (in shares)					1
Exercise price of warrants					$ 11.50
Warrant liabilities | Perfect Class A Ordinary Shares | Public Warrants
Disclosure of financial liabilities [line items]
Number of shares called by each warrant (in shares)					1

Details of Significant Accou_23

Details of Significant Accounts - Financial liabilities at FV, schedule of movement in all kinds of Perfect warrants (Details) - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
	Nov. 20, 2023	Dec. 31, 2023	Dec. 31, 2022
Warrants
Warrant liabilities		$ 1,566	$ 3,207
Private Placement Warrants
Warrants
Warrants converted during period (in shares)		0
Warrant liabilities
Warrants
Ending balance (in shares)		20,850
Warrant liabilities | Public Warrants
Warrants
Beginning balance (in shares)		11,500	0
Converted from provident's warrants as part of business combination (in shares)			11,500
Exercised warrants (in shares)			0
Ending balance (in shares)		12,750	11,500
Warrant liabilities | Private Placement Warrants
Warrants
Beginning balance (in shares)		6,600	0
Converted from provident's warrants as part of business combination (in shares)			6,600
Exercised warrants (in shares)			0
Ending balance (in shares)		6,600	6,600
Warrant liabilities | Forward Purchase Warrants
Warrants
Beginning balance (in shares)		2,750	0
Converted from provident's warrants as part of business combination (in shares)			2,750
Exercised warrants (in shares)			0
Warrants converted during period (in shares)		(1,250)
Ending balance (in shares)		1,500	2,750
Warrant liabilities | Public Warrants and Forward Purchase Warrants [Member]
Warrants
Warrants converted during period (in shares)	1,250	1,250

Details of Significant Accou_24

Details of Significant Accounts - Financial liabilities at FV, preferred share liabilities - Narrative (Details) shares in Thousands, $ in Thousands	Oct. 28, 2022 USD ($) item shares	Mar. 03, 2022
Disclosure of financial liabilities [line items]
Exchange ratio		0.17704366
Preference shares
Disclosure of financial liabilities [line items]
Number of forward purchase shares issued and sold (in shares) | shares	242,331
Amount issued for convertible preferred shares | $	$ 105,000
Number of rounds | item	5
Exchange ratio	0.17704366

Details of Significant Accou_25

Details of Significant Accounts - Other payables, schedule of other payables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Details of Significant Accounts
Employee bonus	$ 4,662	$ 4,038
Payroll	2,228	2,130
Remuneration to directors	115	53
Promotional fees	1,090	1,039
Professional service fees	1,415	1,371
Sales VAT payables	126	175
Post and telecommunications expenses	171	173
Others	524	329
Total other payables	$ 10,331	$ 9,308

Details of Significant Accou_26

Details of Significant Accounts - Provisions, schedule of provisions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Details of Significant Accounts
Beginning balance	$ 1,855	$ 1,058
Additional provisions	677	897
Used during the year	112	0
Net exchange differences	(26)	(100)
Ending balance	$ 2,394	$ 1,855

Details of Significant Accou_27

Details of Significant Accounts - Provisions, schedule of analysis of total provisions (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Current provisions	$ 2,394	$ 1,855	$ 1,058

Details of Significant Accou_28

Details of Significant Accounts - Pensions, defined benefit plan - Narrative (Details) - Perfect Mobile Corp. (Taiwan) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) item
Disclosure of defined benefit plans [line items]
Number of units accrued for each year of service for first 15 years	2
Number of units accrued for each additional year thereafter	1
Maximum number of units accrued	45
Number of months prior to retirement	6 months
Expected contributions to the defined benefit pension plans | $	$ 6
Weighted average duration of the retirement plan	23 years

Details of Significant Accou_29

Details of Significant Accounts - Pensions, schedule of net defined benefit liability amounts recognized in the balance sheet (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amounts recognized in the balance sheet
Present value of defined benefit obligations	$ (92)	$ (84)
Fair value of plan assets	13	11
Net defined benefit liability	$ (79)	$ (73)

Details of Significant Accou_30

Details of Significant Accounts - Pensions, schedule of movements in net defined benefit liability (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of defined benefit plans [line items]
At January 1	$ (73)	$ (104)
Current service cost	(4)	(2)
Interest (expense) income	(1)	(1)
Net defined benefit liability	(78)	(107)
Remeasurements:
Return on plan assets		1
Change in demographic assumptions	(1)	(8)
Change in financial assumptions		10
Experience adjustments	(3)	19
Remeasurements	(4)	22
Pension fund contribution	2	2
Net exchange differences	1	10
Balance at December 31	(79)	(73)
Present value of defined benefit obligations
Disclosure of defined benefit plans [line items]
At January 1	(84)	(113)
Current service cost	(4)	(2)
Interest (expense) income	(1)	(1)
Net defined benefit liability	(89)	(116)
Remeasurements:
Return on plan assets		0
Change in demographic assumptions	(1)	(8)
Change in financial assumptions		10
Experience adjustments	(3)	19
Remeasurements	(4)	21
Pension fund contribution	0	0
Net exchange differences	1	11
Balance at December 31	(92)	(84)
Fair value of plan assets
Disclosure of defined benefit plans [line items]
At January 1	11	9
Current service cost	0	0
Interest (expense) income	0	0
Net defined benefit liability	11	9
Remeasurements:
Return on plan assets		1
Change in demographic assumptions	0	0
Change in financial assumptions		0
Experience adjustments	0	0
Remeasurements	0	1
Pension fund contribution	2	2
Net exchange differences	0	(1)
Balance at December 31	$ 13	$ 11

Details of Significant Accou_31

Details of Significant Accounts - Pensions, schedule of principal actuarial assumptions (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Discount rate	1.50%	1.50%
Future salary increases	3%	3%
Discount rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Percentage of increase in actuarial assumption	(5.00%)	(5.00%)
Percentage of decrease in actuarial assumption	6%	5%
Future salary increases
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Effect on present value of defined benefit obligation	$ 5	$ 5
Effect on present value of defined benefit obligation	$ (5)	$ (5)

Details of Significant Accou_32

Details of Significant Accounts - Pensions, schedule of analysis of timing of the future pension payment (Details) - Perfect Mobile Corp. (Taiwan) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Disclosure of defined benefit plans [line items]
Analysis of timing of the future pension payment	$ 132
Within 1 year
Disclosure of defined benefit plans [line items]
Analysis of timing of the future pension payment	0
1-5 year(s)
Disclosure of defined benefit plans [line items]
Analysis of timing of the future pension payment	0
Over 5 years
Disclosure of defined benefit plans [line items]
Analysis of timing of the future pension payment	$ 132

Details of Significant Accou_33

Details of Significant Accounts - Pensions, defined contribution plans - Narrative (Details) - Perfect Mobile Corp. (Taiwan) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [line items]
Percentage of monthly contribution	6%
Pension cost	$ 527	$ 501	$ 468
Pension cost for other foreign subsidiaries	$ 175	$ 172	$ 143

Details of Significant Accou_34

Details of Significant Accounts - Share-based payment, share incentive plan - Narrative (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Oct. 25, 2022	Dec. 31, 2021	Dec. 13, 2021
Share-based payment arrangements
Number of perfect common share that each stock option holder is entitled (in shares)				1
Share Incentive Plan
Share-based payment arrangements
Number of stock options authorized under the plan (in shares)					30,000,000
Number of perfect common share that each stock option holder is entitled (in shares)			1		1
Exercise prices of stock options (in USD per share)		$ 3.95
Maximum aggregate number of the Ordinary Shares that may be issued upon exercise of all options to be granted under the plan (in shares)	5,311,000
Weighted-average remaining contractual period		4 years 21 days
Share Incentive Plan | Minimum
Share-based payment arrangements
Exercise prices of stock options (in USD per share)	$ 2.43
Weighted-average remaining contractual period	3 years 21 days
Share Incentive Plan | Maximum
Share-based payment arrangements
Exercise prices of stock options (in USD per share)	$ 7.20
Weighted-average remaining contractual period	4 years 10 months 2 days
Share Incentive Plan | Prior to the recapitalization
Share-based payment arrangements
Exercise prices of stock options (in USD per share)		$ 0.7
Share Incentive Plan | After the recapitalization
Share-based payment arrangements
Number of perfect common share that each stock option holder is entitled (in shares)			1	5.65

Details of Significant Accou_35

Details of Significant Accounts - Share-based payment, schedule of terms and conditions of share incentive plan (Details) - Share Incentive Plan	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based payment arrangements
Maximum terms of options granted	5 years	5 years
2 years' service
Share-based payment arrangements
Number of years of service	2 years	2 years
Vesting (in percent)	50%	50%
3 years' service
Share-based payment arrangements
Number of years of service	3 years	3 years
Vesting (in percent)	75%	75%
4 years' service
Share-based payment arrangements
Number of years of service	4 years	4 years
Vesting (in percent)	100%	100%

Details of Significant Accou_36

Details of Significant Accounts - Share-based payment, schedule of movements of outstanding share incentive plan (Details) shares in Thousands						12 Months Ended
	Nov. 02, 2023 shares	Aug. 21, 2023 shares	May 23, 2023 shares	Jan. 03, 2023 shares	Jan. 21, 2022 shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
No. of options
Options exercisable at December 31 (in shares)							0
Share Incentive Plan
No. of options
Options outstanding at January 1 (in shares)						2,063	0
Options granted (in shares)	5	7	2,260	8	2,143	2,288	2,143
Options forfeited (in shares)						(278)	(80)
Options outstanding at December 31 (in shares)						4,073	2,063
Weighted-average exercise price per share
Options outstanding at January 1 (in USD per share) | $ / shares						$ 3.95	$ 0
Options granted (in USD per share) | $ / shares						4.93	3.95
Options forfeited (in USD per share) | $ / shares						4.34	3.95
Options outstanding at December 31 (in USD per share) | $ / shares						$ 4.47	$ 3.95

Details of Significant Accou_37

Details of Significant Accounts - Share-based payment, schedule of FV of stock options granted using black-scholes option-pricing model (Details) - Share Incentive Plan shares in Thousands						12 Months Ended
	Nov. 02, 2023 shares Y $ / shares	Aug. 21, 2023 shares Y $ / shares	May 23, 2023 shares Y $ / shares	Jan. 03, 2023 shares Y $ / shares	Jan. 21, 2022 Y shares $ / shares	Dec. 31, 2023 shares	Dec. 31, 2022 shares
Share-based payment arrangements
Options granted (in shares) | shares	5	7	2,260	8	2,143	2,288	2,143
Stock price (in USD per share)	$ 2.43	$ 4	$ 4.93	$ 7.20	$ 5.39
Exercise price (in USD per share)	$ 2.43	$ 3.916	$ 4.93	$ 7.20	$ 3.95
Expected price volatility	70.37%	70.65%	69.15%	64.85%	53.75%
Expected option life | Y	3.88	3.88	3.88	3.87	3.88
Expected dividends	0%	0%	0%	0%	0%
Risk-free interest rate	4.77%	4.64%	3.90%	4.07%	1.46%
Fair value per unit (in USD per share)	$ 1.3487	$ 2.2411	$ 2.6615	$ 3.7198	$ 2.7637

Details of Significant Accou_38

Details of Significant Accounts - Share-based payment, incentive stock option plan - Narrative (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 24, 2022
Share-based payment arrangements
Term to exercise vested options	1 month
Number of option shares converted to common shares (in shares)				26,629
Incentive Stock Option Plan
Share-based payment arrangements
Weighted-average remaining contractual period			0 years
Incentive Stock Option Plan | Minimum
Share-based payment arrangements
Weighted-average exercise price of stock options at exercise dates (in USD per share)		$ 0.1	$ 0.1
Exercise prices of stock options (in USD per share)			0.1
Incentive Stock Option Plan | Maximum
Share-based payment arrangements
Weighted-average exercise price of stock options at exercise dates (in USD per share)		$ 0.3	0.3
Exercise prices of stock options (in USD per share)			$ 0.3

Details of Significant Accou_39

Details of Significant Accounts - Share-based payment, schedule of original terms and condition of incentive stock option plan (Details)	12 Months Ended
	Dec. 31, 2023
2015 Incentive Stock Option Plan
Share-based payment arrangements
Maximum terms of options granted	4 years 1 month
2015 Incentive Stock Option Plan | 2 years' service
Share-based payment arrangements
Number of years of service	2 years
Vesting (in percent)	50%
2015 Incentive Stock Option Plan | 3 years' service
Share-based payment arrangements
Number of years of service	3 years
Vesting (in percent)	75%
2015 Incentive Stock Option Plan | 4 years' service
Share-based payment arrangements
Number of years of service	4 years
Vesting (in percent)	100%
2018 Incentive Stock Option Plan
Share-based payment arrangements
Maximum terms of options granted	5 years
2018 Incentive Stock Option Plan | 2 years' service
Share-based payment arrangements
Number of years of service	2 years
Vesting (in percent)	50%
2018 Incentive Stock Option Plan | 3 years' service
Share-based payment arrangements
Number of years of service	3 years
Vesting (in percent)	75%
2018 Incentive Stock Option Plan | 4 years' service
Share-based payment arrangements
Number of years of service	4 years
Vesting (in percent)	100%

Details of Significant Accou_40

Details of Significant Accounts - Share-based payment, schedule of movements of outstanding incentive stock option plan (Details) shares in Thousands, Option in Thousands	12 Months Ended
	Dec. 31, 2023 Option $ / shares	Dec. 31, 2022 Option shares $ / shares
No. of options
Options exercisable at December 31 (in shares) | shares		0
Incentive Stock Option Plan
No. of options
Options outstanding at January 1 (in shares)	26,629	23,046
Options granted (in shares)	0	8,388
Options forfeited (in shares)	0	(1,681)
Options exercised (in shares)	(26,629)	(3,124)
Options outstanding at December 31 (in shares)	0	26,629
Options exercisable at December 31 (in shares)	0	26,629
Weighted-average exercise price
Options outstanding at January 1 (in USD per share) | $ / shares	$ 0.21	$ 0.18
Options granted (in USD per share) | $ / shares	0	0.27
Options forfeited (in USD per share) | $ / shares	0	0.22
Options exercised (in USD per share) | $ / shares	0.21	0.10
Options outstanding at December 31 (in USD per share) | $ / shares	$ 0	$ 0.21

Details of Significant Accou_41

Details of Significant Accounts - Share-based payment, schedule of FV if incentive stock option granted using black-scholes option-pricing model (Details)	12 Months Ended
	Dec. 31, 2023 Y $ / shares
2015 Incentive Stock Option Plan
Share-based payment arrangements
Exercise price (in USD per share)	$ 0.1000
Expected option life | Y	3.42
Expected dividends	0%
2015 Incentive Stock Option Plan | Minimum
Share-based payment arrangements
Stock price (in USD per share)	$ 0.0564
Expected price volatility	39.29%
Risk-free interest rate	0.45%
Fair value per unit (in USD per share)	$ 0.0080
2015 Incentive Stock Option Plan | Maximum
Share-based payment arrangements
Stock price (in USD per share)	$ 0.1777
Expected price volatility	42.25%
Risk-free interest rate	2.79%
Fair value per unit (in USD per share)	$ 0.0947
2018 Incentive Stock Option Plan
Share-based payment arrangements
Exercise price (in USD per share)	$ 0.3000
Expected option life | Y	3.88
Expected dividends	0%
2018 Incentive Stock Option Plan | Minimum
Share-based payment arrangements
Stock price (in USD per share)	$ 0.1689
Expected price volatility	39.16%
Risk-free interest rate	0.58%
Fair value per unit (in USD per share)	$ 0.0228
2018 Incentive Stock Option Plan | Maximum
Share-based payment arrangements
Stock price (in USD per share)	$ 0.8931
Expected price volatility	53.27%
Risk-free interest rate	2.29%
Fair value per unit (in USD per share)	$ 0.6397

Details of Significant Accou_42

Details of Significant Accounts - Share-based payment, schedule of expenses incurred on share-based payment transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Equity settled	$ 3,268	$ 2,175	$ 1,782

Details of Significant Accou_43

Details of Significant Accounts - Share-based payment, shareholder earnout - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Service agreements with Board of Directors
Share-based payment arrangements
Expenses recorded	$ 0	$ 58	$ 0
Shareholder Earnout Shares
Share-based payment arrangements
Threshold trading days over which the daily volume-weighted average price of the perfect class A ordinary shares is considered	20 days
Threshold trading day period over which the daily volume-weighted average price of the perfect class A ordinary shares is considered	30 days
Shareholder Earnout Shares | If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $11.50
Share-based payment arrangements
Number of earnout shares issuable (in shares)	3,000
Daily volume-weighted average price of the perfect class A ordinary shares considered (in USD per share)	$ 11.50
Shareholder Earnout Shares | If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $13.00
Share-based payment arrangements
Number of earnout shares issuable (in shares)	3,000
Daily volume-weighted average price of the perfect class A ordinary shares considered (in USD per share)	$ 13
Shareholder Earnout Shares | If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $14.50
Share-based payment arrangements
Number of earnout shares issuable (in shares)	4,000
Daily volume-weighted average price of the perfect class A ordinary shares considered (in USD per share)	$ 14.50

Details of Significant Accou_44

Details of Significant Accounts - Share-based payment, sponsor earnout - Narrative (Details) - Sponsor Earnout Shares $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Share-based payment arrangements
Maximum number of class A ordinary shares issuable (in shares) | shares	1,175,624
Expenses recorded | $	$ 8,849
If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $11.50
Share-based payment arrangements
Percentage of sponsor earnout promote shares issuable	50%
Threshold trading days over which the daily volume-weighted average price of the perfect class A ordinary shares is considered	20 days
Daily volume-weighted average price of the perfect class A ordinary shares considered (in USD per share)	$ 11.50
If daily volume-weighted average price of the Perfect Class A Ordinary Shares is greater than or equal to $13.00
Share-based payment arrangements
Percentage of sponsor earnout promote shares issuable	50%
Threshold trading days over which the daily volume-weighted average price of the perfect class A ordinary shares is considered	20 days
Daily volume-weighted average price of the perfect class A ordinary shares considered (in USD per share)	$ 13

Details of Significant Accou_45

Details of Significant Accounts - Share-based payment, schedule of assumptions used in determining the fair value of sponsor earnout shares (Details) - Sponsor Earnout Shares	12 Months Ended
	Dec. 31, 2023 Y
Share-based payment arrangements
Expected dividend yield (%)	0%
Expected volatility	70%
Risk free interest rate	4.19%
Expected life (years)	5

Details of Significant Accou_46

Details of Significant Accounts - Share capital - Narrative (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Nov. 29, 2023 shares	Nov. 24, 2023 shares	Dec. 31, 2023 USD ($) Vote $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Share capital
Authorized capital | $			$ 82,000	$ 82,000	$ 82,000
Number of shares authorized (in shares)					820,000,000
Shares reserved for employee stock options (in shares)			30,000,000	30,000,000	45,000,000
Capital stock | $			$ 10,192	$ 11,826	$ 30,152
Number of shares of ordinary stock (in shares)					301,521,000
Shares retired (in shares)			16,320,000
Number of shares surrendered by shareholder (in shares)			27,000
Ordinary shares (in USD per share) | $ / shares				$ 0.1	$ 0.1
Number of class B ordinary share convertible into class A ordinary share			1
Perfect Class A Ordinary Shares
Share capital
Number of shares authorized (in shares)			700,000,000	700,000,000
Capital stock | $			$ 8,513	$ 10,147
Number of shares of ordinary stock (in shares)			85,128,000	101,475,000
Shares retired (in shares)		16,129,010	(16,347,000)
Number of shares surrendered by shareholder (in shares)	27,000
Ordinary shares (in USD per share) | $ / shares			$ 0.1	$ 0.1
Number of votes per share | Vote			1
Perfect Class B Ordinary Shares
Share capital
Number of shares authorized (in shares)			90,000,000	90,000,000
Capital stock | $			$ 1,679	$ 1,679
Number of shares of ordinary stock (in shares)			16,789,000	16,789,000
Shares retired (in shares)			0
Ordinary shares (in USD per share) | $ / shares			$ 0.1	$ 0.1
Number of votes per share | Vote			10

Details of Significant Accou_47

Details of Significant Accounts - Share capital, movements in shares outstanding (Details) - USD ($) $ in Thousands		12 Months Ended
	Nov. 24, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Movements in shares outstanding
Beginning balance		$ 11,826	$ 30,152	$ 29,840
Employee stock option exercised			2,663	312
Conversion as part of recapitalization			(22,715)
Shares Issuance to exchange Provident outstanding shares			1,726
Shares retired (in shares)		16,320,000
Shares retired		$ (1,634)
Ending balance		$ 10,192	$ 11,826	$ 30,152
Common Shares
Movements in shares outstanding
Beginning balance (in shares)		0	301,521,000	298,397,000
Beginning balance		$ 0	$ 30,152	$ 29,840
Employee stock options exercised (in shares)			26,629,000	3,124,000
Employee stock option exercised			$ 2,663	$ 312
Conversion as part of recapitalization (in shares)			(328,150,000)
Conversion as part of recapitalization			$ (32,815)
Shares Issuance to exchange Provident outstanding shares (in shares)			0
Shares Issuance to exchange Provident outstanding shares			$ 0
Shares retired (in shares)		0
Shares retired		$ 0
Ending balance (in shares)		0	0	301,521,000
Ending balance		$ 0	$ 0	$ 30,152
Perfect Class A Ordinary Shares
Movements in shares outstanding
Beginning balance (in shares)		101,475,000	0	0
Beginning balance		$ 10,147	$ 0	$ 0
Employee stock options exercised (in shares)			0	0
Employee stock option exercised			$ 0	$ 0
Conversion as part of recapitalization (in shares)			84,211,000
Conversion as part of recapitalization			$ 8,421
Shares Issuance to exchange Provident outstanding shares (in shares)			17,264,000
Shares Issuance to exchange Provident outstanding shares			$ 1,726
Shares retired (in shares)	16,129,010	(16,347,000)
Shares retired		$ (1,634)
Ending balance (in shares)		85,128,000	101,475,000	0
Ending balance		$ 8,513	$ 10,147	$ 0
Perfect Class B Ordinary Shares
Movements in shares outstanding
Beginning balance (in shares)		16,789,000	0	0
Beginning balance		$ 1,679	$ 0	$ 0
Employee stock options exercised (in shares)			0	0
Employee stock option exercised			$ 0	$ 0
Conversion as part of recapitalization (in shares)			16,789,000
Conversion as part of recapitalization			$ 1,679
Shares Issuance to exchange Provident outstanding shares (in shares)			0
Shares Issuance to exchange Provident outstanding shares			$ 0
Shares retired (in shares)		0
Shares retired		$ 0
Ending balance (in shares)		16,789,000	16,789,000	0
Ending balance		$ 1,679	$ 1,679	$ 0

Details of Significant Accou_48

Details of Significant Accounts - Share capital, movements in shares outstanding - Additional Information (Details) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
	Mar. 03, 2022	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Share capital
Authorized capital | $		$ 82,000	$ 82,000	$ 82,000
Number of shares authorized (in shares)				820,000
Shares reserved for employee stock options (in shares)		30,000	30,000	45,000
Capital stock | $		$ 10,192	$ 11,826	$ 30,152
Number of shares of ordinary stock (in shares)				301,521
Ordinary shares (in USD per share) | $ / shares			$ 0.1	$ 0.1
Conversion ratio	0.17704366
Perfect Class A Ordinary Shares
Share capital
Number of shares authorized (in shares)		700,000	700,000
Capital stock | $		$ 8,513	$ 10,147
Number of shares of ordinary stock (in shares)		85,128	101,475
Ordinary shares (in USD per share) | $ / shares		$ 0.1	$ 0.1
Conversion ratio		0.17704366
Perfect Class B Ordinary Shares
Share capital
Number of shares authorized (in shares)		90,000	90,000
Capital stock | $		$ 1,679	$ 1,679
Number of shares of ordinary stock (in shares)		16,789	16,789
Ordinary shares (in USD per share) | $ / shares		$ 0.1	$ 0.1
Conversion ratio		0.17704366

Details of Significant Accou_49

Details of Significant Accounts - Share capital, schedule of exchange of perfect shares for perfect new ordinary shares as part of reverse recapitalization (Details)		12 Months Ended
	Mar. 03, 2022	Dec. 31, 2023 shares	Oct. 28, 2022 shares
Share capital
Number of Shares before Share Combination (in shares)		570,481,000
Conversion ratio	0.17704366
Number of shares after share combination (in shares)		101,000,000
Perfect Original Shares exchanged for Perfect New Class A Ordinary Shares
Share capital
Number of Shares before Share Combination (in shares)		475,653,000
Perfect Original Common Shares exchanged for Perfect New Class A Ordinary Shares
Share capital
Number of Shares before Share Combination (in shares)		241,650,000
Perfect Original Preferred Shares exchanged for Perfect New Class A Ordinary Shares
Share capital
Number of Shares before Share Combination (in shares)		234,003,000
Perfect Original Shares exchanged for Perfect New Class B Ordinary Shares
Share capital
Number of Shares before Share Combination (in shares)		94,828,000
Perfect Original Common Shares exchanged for Perfect New Class B Ordinary Shares
Share capital
Number of Shares before Share Combination (in shares)		86,500,000
Perfect Original Preferred Shares exchanged for Perfect New Class B Ordinary Shares
Share capital
Number of Shares before Share Combination (in shares)		8,328,000
Perfect Class A Ordinary Shares
Share capital
Conversion ratio		0.17704366
Number of shares after share combination (in shares)		84,211,000	1
Perfect Class A Ordinary Shares issued in exchange for Perfect Original Common Shares
Share capital
Number of shares after share combination (in shares)		42,782,000
Perfect Class A Ordinary Shares issued in exchange for Perfect Original Preferred Shares
Share capital
Number of shares after share combination (in shares)		41,429,000
Perfect Class B Ordinary Shares
Share capital
Conversion ratio		0.17704366
Number of shares after share combination (in shares)		16,789,000
Perfect Class B Ordinary Shares issued in exchange for Perfect Original Common Shares
Share capital
Number of shares after share combination (in shares)		15,314,000
Perfect Class B Ordinary Shares issued in exchange for Perfect Original Preferred Shares
Share capital
Number of shares after share combination (in shares)		1,475,000

Details of Significant Accou_50

Details of Significant Accounts - Share capital, reconciliation of additional paid-in capital due to the conversions of the perfect shares and the perfect class A and class B ordinary shares (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share capital
Increase (decrease) through conversions of the perfect shares and the perfect class A and class B ordinary shares		$ 423,502
Additional paid-in capital
Share capital
Increase (decrease) through conversions of the perfect shares and the perfect class A and class B ordinary shares		$ 446,217
Perfect Common Share before Closing | Additional paid-in capital
Share capital
Par value of the Perfect Common Shares	$ 32,815
Fair value of the Perfect Preferred Shares on the Closing Date	358,238
Par value of the Class A and Class B Ordinary Shares	(10,100)
Subtotal	380,953
Listing expense	65,264
Increase (decrease) through conversions of the perfect shares and the perfect class A and class B ordinary shares	$ 446,217

Details of Significant Accou_51

Details of Significant Accounts - Share capital, exchange of provident shares for perfect new ordinary shares as part of reverse recapitalization - Narrative (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) director advisor $ / shares shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares
Share capital
Ordinary shares (in USD per share) | $ / shares		$ 0.1	$ 0.1
Number of warrants issued and sold (in shares)	20,850
Proceed received upon recapitalization | $	$ 0	$ 112,893	$ 0
Perfect Class A Ordinary Shares
Share capital
Ordinary shares (in USD per share) | $ / shares	$ 0.1	$ 0.1
Number of directors to whom shares were issued | director	3
Number of advisors to whom shares were issued | advisor	2
Perfect Class A Ordinary Shares | Former holders of Provident Class A Ordinary Shares and Provident Class B Ordinary Shares
Share capital
Number of shares issued (in shares)	17,264
Ordinary shares (in USD per share) | $ / shares	$ 0.1
Perfect Class A Ordinary Shares | Public Shareholders who did not exercise their right to redeem any Provident Class A Ordinary Shares before the Closing
Share capital
Number of shares issued (in shares)	1,349
Perfect Class A Ordinary Shares | Sponsor and three directors and two advisors of Provident
Share capital
Number of shares issued (in shares)	5,415
Perfect Class A Ordinary Shares | FPA investors
Share capital
Number of shares issued (in shares)	5,500
Perfect Class A Ordinary Shares | PIPE investors
Share capital
Number of shares issued (in shares)	5,000

Details of Significant Accou_52

Details of Significant Accounts - Share capital, reconciliation of the additional paid-in capital due to issuance of the company's ordinary shares (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share capital
Proceed received upon recapitalization	$ 0	$ 112,893	$ 0
Issuance of ordinary shares		103,963
Additional paid-in capital
Share capital
Issuance of ordinary shares		$ 102,237
Additional paid-in capital | Perfect Ordinary Shares
Share capital
Proceed received upon recapitalization	112,893
Par value of the Class A Ordinary Shares	(1,726)
Fair value of the warrants at the Closing Date	(8,430)
Transactional cost (presented as accrued expense of Provident at Closing)	(500)
Issuance of ordinary shares	$ 102,237

Details of Significant Accou_53

Details of Significant Accounts - Share capital, detail of shares retired - Narrative (Details) - shares			12 Months Ended
	Nov. 29, 2023	Nov. 24, 2023	Dec. 31, 2023
Share capital
Shares retired (in shares)			16,320,000
Number of shares surrendered by shareholder (in shares)			27,000
Perfect Class A Ordinary Shares
Share capital
Shares retired (in shares)		16,129,010	(16,347,000)
Number of shares surrendered by shareholder (in shares)	27,000

Details of Significant Accou_54

Details of Significant Accounts - Share capital, share repurchase plan and tender offer- Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands						8 Months Ended	12 Months Ended
	Feb. 07, 2024	Dec. 29, 2023	Nov. 24, 2023	Oct. 26, 2023	May 04, 2023	Dec. 31, 2023	Dec. 31, 2023
Share capital
Maximum period authorised for share repurchase							12 months
Shares retired (in shares)							16,320,000
Perfect Class A Ordinary Shares
Share capital
Number of treasury shares retired (in shares)		16,129,000		191,000		191,000
Share repurchase, authorised amount			$ 50,000		$ 20,000
Number of treasury shares repurchased (in shares)						259,000
Treasury shares repurchased, amount						$ 1,064
Shares retired (in shares)			16,129,010				(16,347,000)
Number of treasury shares held (in shares)						68,000	68,000
Share price per share (in USD per share)			$ 3.10
Stock repurchase program authorized shares (in shares)			16,129,032
Perfect Class A Ordinary Shares | Major ordinary share transactions
Share capital
Number of treasury shares retired (in shares)	68,000

Details of Significant Accou_55

Details of Significant Accounts - Capital Surplus, schedule of capital surplus (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Details of Significant Accounts
Additional paid-in capital	$ 477,734	$ 554,209
Other:
Employees’ stock option cost	5,430	2,162
Directors’ share-based compensation	0	58
Retirement of treasury shares	27,235	0
Subtotal	32,665	2,220
Capital surplus	$ 510,399	$ 556,429

Details of Significant Accou_56

Details of Significant Accounts - Capital surplus, reconciliation of capital surplus (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Share Repurchase Plan:
Shares retired	$ 1,634
Increase (decrease) through treasury share transactions, equity	(51,064)
Shares repurchased
Share Repurchase Plan:
Shares repurchased	(1,064)
Shares retired	0
Shares Surrender
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	0
Tender Offer
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	(50,000)
Capital stock
Share Repurchase Plan:
Shares retired	0
Increase (decrease) through treasury share transactions, equity	(1,634)
Capital stock | Shares repurchased
Share Repurchase Plan:
Shares repurchased	0
Shares retired	(19)
Capital stock | Shares Surrender
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	(2)
Capital stock | Tender Offer
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	(1,613)
Additional paid-in capital [member]
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	(76,475)
Additional paid-in capital [member] | Shares repurchased
Share Repurchase Plan:
Shares repurchased	0
Shares retired	(893)
Additional paid-in capital [member] | Shares Surrender
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	2
Additional paid-in capital [member] | Tender Offer
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	(75,584)
Other | Shares repurchased
Share Repurchase Plan:
Shares repurchased	0
Shares retired	38
Other | Shares Surrender
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	0
Other | Tender Offer
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	27,197
Treasury shares | Shares repurchased
Share Repurchase Plan:
Shares repurchased	(1,064)
Shares retired	874
Treasury shares | Shares Surrender
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	0
Treasury shares | Tender Offer
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	0
Additional paid-in capital [member]
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	(76,475)
Other
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	27,235
Treasury shares
Share Repurchase Plan:
Increase (decrease) through treasury share transactions, equity	$ (190)

Details of Significant Accou_57

Details of Significant Accounts - Revenue, schedule of revenue from contracts with customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Revenue from external customer contracts	$ 53,505	$ 47,300	$ 40,760

Details of Significant Accou_58

Details of Significant Accounts - Revenue, schedule of disaggregation of revenue from contracts with customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
Revenue from external customer contracts	$ 53,505	$ 47,300	$ 40,760
At a point in time
Revenue
Revenue from external customer contracts	7,588	8,566	8,892
Over time
Revenue
Revenue from external customer contracts	45,917	38,734	31,868
United States
Revenue
Revenue from external customer contracts	24,992	24,291	20,173
United States | At a point in time
Revenue
Revenue from external customer contracts	4,380	5,126	5,114
United States | Over time
Revenue
Revenue from external customer contracts	20,612	19,165	15,059
Japan
Revenue
Revenue from external customer contracts	4,301	4,717	4,520
Japan | At a point in time
Revenue
Revenue from external customer contracts	523	871	676
Japan | Over time
Revenue
Revenue from external customer contracts	3,778	3,846	3,844
France
Revenue
Revenue from external customer contracts	4,170	3,431	3,206
France | At a point in time
Revenue
Revenue from external customer contracts	471	590	771
France | Over time
Revenue
Revenue from external customer contracts	3,699	2,841	2,435
Others
Revenue
Revenue from external customer contracts	20,042	14,861	12,861
Others | At a point in time
Revenue
Revenue from external customer contracts	2,214	1,979	2,331
Others | Over time
Revenue
Revenue from external customer contracts	$ 17,828	$ 12,882	$ 10,530

Details of Significant Accou_59

Details of Significant Accounts - Revenue, schedule of alternative disaggregation of revenue from contracts with customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
AR/AI cloud solutions and Subscription	$ 44,755	$ 36,915	$ 29,470
Licensing	7,546	8,432	8,857
Advertisement	1,162	1,819	2,398
Others (Note)	42	134	35
Revenue from contracts with customers	$ 53,505	$ 47,300	$ 40,760

Details of Significant Accou_60

Details of Significant Accounts - Revenue, alternative disaggregation of revenue and contract assets - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
AR/AI cloud solutions	$ 18,238	$ 20,685	$ 17,834
Maximum
Revenue
Revenue contract terms	1 year

Details of Significant Accou_61

Details of Significant Accounts - Revenue, schedule of contract liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Contract assets:
Unbilled revenue	$ 2,770	$ 3,660
Contract liabilities:
Advance sales receipts	$ 15,346	$ 13,024

Details of Significant Accou_62

Details of Significant Accounts - Revenue, schedule of revenue recognized that was included in contract liability balance at beginning of the period (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Revenue recognized that was included in the contract liability balance at the beginning of the period	$ 12,738	$ 8,831	$ 4,782

Details of Significant Accou_63

Details of Significant Accounts - Revenue, unsatisfied contracts - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue
Amount of transaction price allocated to contracts	$ 28,133	$ 23,653
Within 1 year
Revenue
Percentage of transaction price allocated to the unsatisfied contracts	85%
2024 to 2027
Revenue
Percentage of transaction price allocated to the unsatisfied contracts	15%

Details of Significant Accou_64

Details of Significant Accounts - Interest income, schedule of interest income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Interest income from bank deposits	$ 4,188	$ 1,977	$ 131
Interest income from financial assets at amortized cost	5,309	52	0
Imputed interest on deposit	1	0	0
Interest income	$ 9,498	$ 2,029	$ 131

Details of Significant Accou_65

Details of Significant Accounts - Other income, schedule of other income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Subsidy from government	$ 21	$ 1	$ 21
Others	12	74	97
Other income	$ 33	$ 75	$ 118

Details of Significant Accou_66

Details of Significant Accounts - Other gains and losses, schedule of other gains and losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Foreign exchange gains (losses)	$ 34	$ 1,303	$ (893)
Gains (losses) on financial liabilities at fair value through profit or loss	1,641	(93,777)	(150,745)
Other gains and losses	$ 1,675	$ (92,474)	$ (151,638)

Details of Significant Accou_67

Details of Significant Accounts - Finance costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Interest expense on lease liabilities	$ 15	$ 8	$ 9

Details of Significant Accou_68

Details of Significant Accounts - Costs and expenses by nature, schedule of costs and expenses by nature (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Cost of goods sold	$ 3	$ 39	$ 2
Employee benefit expenses	27,956	27,300	23,472
Promotional fees	9,565	7,517	10,841
Platform fees	8,708	5,518	4,286
Professional service fees	6,888	8,537	3,753
Insurance expenses	2,102	459	82
Warranty cost	677	897	734
Depreciation of right-of-use assets	441	456	389
Depreciation of property, plant and equipment	197	247	209
Amortization of intangible assets	75	63	47
Listing expense	0	65,264	0
Others	2,553	2,077	1,982
Total operating costs and operating expenses	$ 59,165	$ 118,374	$ 45,797

Details of Significant Accou_69

Details of Significant Accounts - Employee benefit expenses, schedule of employee benefit expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Significant Accounts
Wages and salaries	$ 21,263	$ 22,083	$ 19,328
Remuneration to directors	553	112	0
Employee insurance fees	1,349	1,376	1,218
Pension costs	707	676	613
Employee stock options	3,268	2,117	1,782
Other personnel expenses	816	936	531
Employee benefit expenses	$ 27,956	$ 27,300	$ 23,472

Details of Significant Accou_70

Details of Significant Accounts - Income tax, schedule of income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current income tax:
Current tax expense recognized for the current period	$ 144	$ 390	$ 300
Prior year income tax underestimation	0	3	9
Total current tax	144	393	309
Deferred income tax:
Origination and reversal of temporary differences	(29)	(101)	(47)
Taxable losses	0	0	155
Total deferred income tax	(29)	(101)	108
Income tax expense	$ 115	$ 292	$ 417

Details of Significant Accou_71

Details of Significant Accounts - Income tax, reconciliation between income tax expense and accounting loss (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits
Tax calculated based on loss before tax and statutory tax rate (Note i)	$ (221,000)	$ (368,000)	$ (1,132,000)
Effects from items disallowed by tax regulation	18,000	46,000	32,000
Effects from non-deductible offshore income tax	6,000	147,000	110,000
Temporary difference not recognized as deferred income tax assets	702,000	141,000	497,000
Prior year income tax underestimation	0	3,000	9,000
Taxable loss not recognized as deferred income tax assets	1,732,000	638,000	893,000
Change in assessment of realization of deferred income tax assets	(2,139,000)	(301,000)	0
Effects from other states apart from where United States subsidiary registered	8,000	8,000	7,000
Others	9,000	(22,000)	1,000
Income tax expense	115,000	$ 292,000	$ 417,000
Cayman Islands
Disclosure of temporary difference, unused tax losses and unused tax credits
Tax calculated based on loss before tax and statutory tax rate (Note i)	$ 0

Details of Significant Accou_72

Details of Significant Accounts - Income tax, schedule of statutory tax rates for significant jurisdictions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
United States
Disclosure of temporary difference, unused tax losses and unused tax credits
Statutory tax rate	21%	21%	21%
State, Statutory tax rate	8.84%	8.84%	8.84%
Japan
Disclosure of temporary difference, unused tax losses and unused tax credits
Statutory tax rate	34.60%	35.73%	34.45%
Taiwan
Disclosure of temporary difference, unused tax losses and unused tax credits
Statutory tax rate	20%	20%	20%

Details of Significant Accou_73

Details of Significant Accounts - Income tax, schedule of deferred income tax assets or liabilities as a result of temporary differences and tax losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	$ 244	$ 165
Recognized in profit or loss	29	101
Net exchange differences	(16)	(22)
Deferred income tax assets, balance at the end	257	244
Unrealized expenses
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	228	158
Recognized in profit or loss	43	91
Net exchange differences	(15)	(21)
Deferred income tax assets, balance at the end	256	228
Unrealized exchange losses
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	0	(2)
Recognized in profit or loss		2
Net exchange differences		0
Deferred income tax assets, balance at the end		0
Others
Reconciliation of changes in deferred tax liability (asset)
Deferred income tax assets, balance at the beginning	16	9
Recognized in profit or loss	(14)	8
Net exchange differences	(1)	(1)
Deferred income tax assets, balance at the end	$ 1	$ 16

Details of Significant Accou_74

Details of Significant Accounts - Income tax, schedule of expiration dates of unused taxable losses and amounts of unrecognized deferred income tax assets (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	$ 30,706
Unused tax losses for which no deferred tax asset recognised	25,180
IFRS Unrecognized Tax Benefits	25,180
2016
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	4,867
Unused tax losses for which no deferred tax asset recognised	4,043
IFRS Unrecognized Tax Benefits	4,043
2017
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	3,601
Unused tax losses for which no deferred tax asset recognised	3,601
IFRS Unrecognized Tax Benefits	3,601
2018
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	7,522
Unused tax losses for which no deferred tax asset recognised	2,820
IFRS Unrecognized Tax Benefits	2,820
2019
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	918
Unused tax losses for which no deferred tax asset recognised	918
IFRS Unrecognized Tax Benefits	918
2020
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	903
Unused tax losses for which no deferred tax asset recognised	903
IFRS Unrecognized Tax Benefits	903
2021
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	3,594
Unused tax losses for which no deferred tax asset recognised	3,594
IFRS Unrecognized Tax Benefits	3,594
2022
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	3,271
Unused tax losses for which no deferred tax asset recognised	3,271
IFRS Unrecognized Tax Benefits	3,271
2023
Disclosure of temporary difference, unused tax losses and unused tax credits
Amount Filed or Assessed	6,030
Unused tax losses for which no deferred tax asset recognised	6,030
IFRS Unrecognized Tax Benefits	$ 6,030

Details of Significant Accou_75

Details of Significant Accounts - Income tax, schedule of deductible temporary difference that are not recognized as deferred income tax assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Details of Significant Accounts
Deductible temporary differences	$ 3,424	$ 614

Details of Significant Accou_76

Details of Significant Accounts - Earnings (Loss) per share, schedule of earnings (losses) per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Basic loss per share
Loss attributable to ordinary shareholders of the parent	$ 5,416	$ (161,744)	$ (156,852)
Loss attributable to ordinary shareholders of the parent, weighted average number of ordinary shares outstanding (in shares)	118,024	68,337	52,965
Loss attributable to ordinary shareholders of the parent, loss per share (in USD per share)	$ 0.05	$ (2.37)	$ (2.96)
Dilutive loss per share
Loss attributable to ordinary shareholders of the group plus assumed conversion of all dilutive potential ordinary shares, amount after tax	$ 5,416	$ (161,744)	$ (156,852)
Loss attributable to ordinary shareholders of the group plus assumed conversion of all dilutive potential ordinary shares, weighted average number of ordinary shares outstanding (in shares)	118,024	68,337	52,965
Loss attributable to ordinary shareholders of the Group plus assumed conversion of all dilutive potential ordinary shares, loss per share (in USD per share)	$ 0.05	$ (2.37)	$ (2.96)

Details of Significant Accou_77

Details of Significant Accounts - Changes in liabilities from financing activities, schedule of changes in liabilities from financing activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in liabilities from financing activities
Balance at the beginning	$ 3,545	$ 259,868	$ 108,767
Changes in cash flow from financing activities	(435)	(457)	(393)
Net exchange differences		(56)	13
Warrants assumed in connection with the Recapitalization		8,431
Exchange of preferred shares		(358,238)
Change in fair value through profit and loss	(1,641)	93,777	150,745
Change in fair value through other comprehensive income		7	58
Changes in other non-cash items – additions	1,012	213	678
Changes in other non-cash items – lease modification	(47)
Balance at the end	2,434	3,545	259,868
Financial liabilities at fair value through profit or loss
Changes in liabilities from financing activities
Balance at the beginning	3,207	259,230	108,427
Changes in cash flow from financing activities	0	0	0
Net exchange differences		0	0
Warrants assumed in connection with the Recapitalization		8,431
Exchange of preferred shares		(358,238)
Change in fair value through profit and loss	(1,641)	93,777	150,745
Change in fair value through other comprehensive income		7	58
Changes in other non-cash items – additions	0	0	0
Changes in other non-cash items – lease modification	0
Balance at the end	1,566	3,207	259,230
Lease liabilities (including current portion)
Changes in liabilities from financing activities
Balance at the beginning	338	638	340
Changes in cash flow from financing activities	(435)	(457)	(393)
Net exchange differences		(56)	13
Warrants assumed in connection with the Recapitalization		0
Exchange of preferred shares		0
Change in fair value through profit and loss	0	0	0
Change in fair value through other comprehensive income		0	0
Changes in other non-cash items – additions	1,012	213	678
Changes in other non-cash items – lease modification	(47)
Balance at the end	$ 868	$ 338	$ 638

Details of Significant Accou_78

Details of Significant Accounts - Recapitalization - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands			12 Months Ended
	Oct. 28, 2022	Oct. 27, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reverse Recapitalization
Goodwill and other intangible asset recognized			$ 0
Number of warrants issued			20,850
Professional service expenditures				$ 5,888	$ 1,594
Recapitalization Listing Expense				65,264
Listing expense recognized in profit or loss				$ 71,152	$ 1,594
Forward Purchase Agreements
Reverse Recapitalization
Number of shares issued (in shares)	6,764	5,500		5,500
Number of warrants issued				2,750
Aggregate purchase price		$ 55,000		$ 55,000
Share price per share (in USD per share)	$ 8.35
Subscription Agreements
Reverse Recapitalization
Number of shares issued (in shares)				5,000
Aggregate purchase price				$ 50,000
Share price per share (in USD per share)				$ 10

Details of Significant Accou_79

Details of Significant Accounts - Recapitalization, schedule of listing expense (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands			12 Months Ended
	Oct. 28, 2022	Oct. 27, 2022	Dec. 31, 2022	Dec. 31, 2023
Reverse Recapitalization
Net assets of Provident at Closing, excluding the impact of PIPE and FPA investors			$ 63
Cash and cash equivalents			7,893
Accrued expenses			(500)
Warrant liabilities (Note i)			(7,330)
Total value of Perfect shares issued to Provident shareholders, excluding PIPE and FPA Investor (Note ii)			(56,478)
Adjustment to listing expense as result of Sponsor Earnout			(8,849)
Listing expense			(65,264)
Non-current warrant liabilities			3,207	$ 1,566
Warrant liabilities
Reverse Recapitalization
Non-current warrant liabilities			8,431	8,431
Forward Purchase Agreements
Reverse Recapitalization
Warrant liabilities (Note i)			$ 7,330
Number of shares issued (in shares)	6,764	5,500	5,500
Share price per share (in USD per share)	$ 8.35
Forward Purchase Agreements | Warrant liabilities
Reverse Recapitalization
Non-current warrant liabilities				$ 8,431

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [abstract]
Percentage of ownership interest held	30%
Unpaid portion	$ 115	$ 112

Related Party Transactions - Sc

Related Party Transactions - Schedule of significant related party transactions, revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CyberLink
Related Party Transactions
Revenue-others (service revenue)	$ 32	$ 28	$ 35

Related Party Transactions - _2

Related Party Transactions - Schedule of significant related party transactions, other payables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions
Other payables	$ 50	$ 63
CyberLink
Related Party Transactions
Other payables	26	38
CyberLink-Japan
Related Party Transactions
Other payables	$ 24	$ 25

Related Party Transactions - _3

Related Party Transactions - Schedule of significant related party transactions, operating expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CyberLink
Related Party Transactions
Management service fee	$ 48	$ 80	$ 128

Related Party Transactions - _4

Related Party Transactions - Schedule of significant related party transactions, lease transactions - Narrative (Details)	12 Months Ended
	Dec. 31, 2023
CyberLink | Minimum
Related Party Transactions
Lease rental contractual period	1 year
CyberLink | Maximum
Related Party Transactions
Lease rental contractual period	2 years
CyberLink-Japan | Minimum
Related Party Transactions
Lease rental contractual period	1 year
CyberLink-Japan | Maximum
Related Party Transactions
Lease rental contractual period	2 years

Related Party Transactions - _5

Related Party Transactions - Schedule of significant related party transactions, lease transactions rent expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CyberLink-Japan
Related Party Transactions
Rent expense	$ 84	$ 90	$ 99

Related Party Transactions - _6

Related Party Transactions - Schedule of significant related party transactions, acquisition of right-of-use assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions
Acquisition of right-of-use assets	$ 847	$ 323	$ 620
CyberLink
Related Party Transactions
Acquisition of right-of-use assets	$ 477	$ 0	$ 530

Related Party Transactions - _7

Related Party Transactions - Schedule of significant related party transactions, lease liabilities outstanding balance and interest expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Outstanding balance:
Less: current portion (shown as ‘current lease liabilities’)	$ (481)	$ (251)
Net Lease liabilities	868	338
Interest expense on lease liabilities	15	8	$ 9
CyberLink
Outstanding balance:
Total lease liabilities	381	145
Less: current portion (shown as ‘current lease liabilities’)	(238)	(145)
Net Lease liabilities	143	0
Interest expense on lease liabilities	$ 6	$ 5	$ 4

Related Party Transactions - _8

Related Party Transactions - Schedule of key management compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [abstract]
Salaries and other short-term employee benefits	$ 2,484	$ 2,330	$ 1,711
Share-based payment	552	416	314
Post-employment benefits	10	11	12
Total key management compensation	$ 3,046	$ 2,757	$ 2,037

Others - Capital management , s

Others - Capital management , schedule of gearing ratios (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Others
Total liabilities	$ 30,957	$ 28,309
Total equity	$ 139,406	$ 181,964	$ (190,442)	$ (35,743)
Gearing ratio	0.22	0.16

Others - Financial instruments,

Others - Financial instruments, schedule of financial instruments by category (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial instruments
Financial assets	$ 161,646	$ 200,811
Financial liabilities	10,406	9,396
Total lease liabilities	868	338
Warrant liabilities | Financial liabilities at fair value through profit or loss
Financial instruments
Financial liabilities	1,566	3,207
Other payables (including related parties) | Financial liabilities at amortized cost
Financial instruments
Financial liabilities	10,381	9,371
Guarantee deposits received | Financial liabilities at amortized cost
Financial instruments
Financial liabilities	25	25
Cash and cash equivalents | Financial assets at amortized cost
Financial instruments
Financial assets	123,871	162,616
Current financial assets at amortized cost | Financial assets at amortized cost
Financial instruments
Financial assets	30,300	30,000
Accounts receivable | Financial assets at amortized cost
Financial instruments
Financial assets	6,992	7,756
Other receivables | Financial assets at amortized cost
Financial instruments
Financial assets	343	314
Guarantee deposits paid | Financial assets at amortized cost
Financial instruments
Financial assets	$ 140	$ 125

Others - Financial instrument_2

Others - Financial instruments, schedule of significant financial assets and liabilities denominated in foreign currencies (Details) € in Thousands, ¥ in Thousands, ¥ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 TWD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 JPY (¥)	Dec. 31, 2022 TWD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 JPY (¥)	Dec. 31, 2022 CNY (¥)
Financial instruments
Currency Amount, Assets	$ 161,646	$ 200,811
Currency Amount, Liabilities	10,406	9,396
Foreign exchange gains (losses)	34	1,303	$ (893)
Foreign exchange risk | USD:NTD
Financial instruments
Currency Amount, Assets		22,660					$ 695,889
Currency Amount, Liabilities		$ 2,620					$ 80,460
Exchange rate		30.71					30.71	30.71	30.71	30.71
Degree of Variation, Assets		1%
Degree of Variation, Liabilities		1%
Effect on profit or loss, Assets		$ 227
Effect on profit or loss, Liabilities		26
Foreign exchange risk | EUR:NTD
Financial instruments
Currency Amount, Assets		$ 888					$ 27,256	€ 833
Exchange rate		32.72					32.72	32.72	32.72	32.72
Degree of Variation, Assets		1%
Effect on profit or loss, Assets		$ 9
Foreign exchange risk | JPY:NTD
Financial instruments
Currency Amount, Assets		$ 3,271					$ 100,454		¥ 436,755
Exchange rate		0.23					0.23	0.23	0.23	0.23
Degree of Variation, Assets		1%
Effect on profit or loss, Assets		$ 33
Foreign exchange risk | USD:JPY
Financial instruments
Currency Amount, Liabilities	$ 168	$ 221				¥ 23,754			¥ 29,203
Exchange rate	141.39	132.14		141.39	141.39	141.39	132.14	132.14	132.14	132.14
Degree of Variation, Liabilities	1%	1%
Effect on profit or loss, Liabilities	$ 2	$ 2
Foreign exchange risk | USD:RMB
Financial instruments
Currency Amount, Liabilities		$ 65								¥ 453
Exchange rate		6.97					6.97	6.97	6.97	6.97
Degree of Variation, Liabilities		1%
Effect on profit or loss, Liabilities		$ 1
Foreign exchange risk | NTD:USD
Financial instruments
Currency Amount, Assets	$ 2,579			$ 79,097
Exchange rate	0.0326			0.0326	0.0326	0.0326
Degree of Variation, Assets	1%
Effect on profit or loss, Assets	$ 26
Foreign exchange risk | EUR:USD
Financial instruments
Currency Amount, Assets	735				€ 664
Currency Amount, Liabilities	$ 153				€ 138
Exchange rate	1.1064			1.1064	1.1064	1.1064
Degree of Variation, Assets	1%
Degree of Variation, Liabilities	1%
Effect on profit or loss, Assets	$ 7
Effect on profit or loss, Liabilities	2
Foreign exchange risk | JPY:USD
Financial instruments
Currency Amount, Assets	$ 2,252					¥ 317,217
Exchange rate	0.0071			0.0071	0.0071	0.0071
Degree of Variation, Assets	1%
Effect on profit or loss, Assets	$ 23

Others - Financial instrument_3

Others - Financial instruments, liquidity risk - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Liquidity risk
Financial instruments
Money market position	$ 151,847	$ 191,077

Others - Financial instrument_4

Others - Financial instruments, schedule of contractual undiscounted cash flows of non-derivative financial liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Less than 1 year | Financial liabilities at fair value through profit or loss
Financial instruments
Non-derivative financial liabilities	$ 0	$ 0
Less than 1 year | Other payables (including related parties)
Financial instruments
Non-derivative financial liabilities	10,381	9,371
Less than 1 year | Lease liabilities (including current portion)
Financial instruments
Non-derivative financial liabilities	496	255
Less than 1 year | Guarantee deposits received
Financial instruments
Non-derivative financial liabilities	0	0
Between 2-5 years | Financial liabilities at fair value through profit or loss
Financial instruments
Non-derivative financial liabilities	1,566	3,207
Between 2-5 years | Other payables (including related parties)
Financial instruments
Non-derivative financial liabilities	0	0
Between 2-5 years | Lease liabilities (including current portion)
Financial instruments
Non-derivative financial liabilities	392	89
Between 2-5 years | Guarantee deposits received
Financial instruments
Non-derivative financial liabilities	25	25
Over 5 years | Financial liabilities at fair value through profit or loss
Financial instruments
Non-derivative financial liabilities	0	0
Over 5 years | Other payables (including related parties)
Financial instruments
Non-derivative financial liabilities	0	0
Over 5 years | Lease liabilities (including current portion)
Financial instruments
Non-derivative financial liabilities	0	0
Over 5 years | Guarantee deposits received
Financial instruments
Non-derivative financial liabilities	$ 0	$ 0

Others - Fair value information

Others - Fair value information, schedule of natures of the liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair value information
Financial liabilities	$ 10,406	$ 9,396
Warrant liabilities | Recurring fair value | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	1,566	3,207
Warrant liabilities | Recurring fair value | Level 1 | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	954	1,769
Warrant liabilities | Recurring fair value | Level 2 | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	612	1,438
Warrant liabilities | Recurring fair value | Level 3 | Financial liabilities at fair value through profit or loss
Fair value information
Financial liabilities	$ 0	$ 0

Others - Financial instrument_5

Others - Financial instruments, schedule of movement of significant unobservable input level 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Significant unobservable inputs
Beginning balance	$ 28,309
Ending balance	30,957	$ 28,309
Level 3
Significant unobservable inputs
Transfers into level 3	0		$ 0
Transfers out of level 3	0		0
Convertible preference shares.
Significant unobservable inputs
Beginning balance	$ 0	259,230
Gains and losses recognized in profit or loss recorded as non-operating income and expenses		99,001
Recorded as credit risk changes in financial instrument through other comprehensive income		7
Transfers to Level 2		(358,238)
Ending balance		$ 0	$ 259,230

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)
Disclosure of operating segments [abstract]
Number of reportable operating segments | segment	1
Non-current assets | $	$ 1,304	$ 731

Segment Information - Schedule

Segment Information - Schedule of geographic information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Geographic information
Revenue	$ 53,505	$ 47,300	$ 40,760
United States
Geographic information
Revenue	24,992	24,291	20,173
Japan
Geographic information
Revenue	4,301	4,717	4,520
France
Geographic information
Revenue	4,170	3,431	3,206
Others
Geographic information
Revenue	$ 20,042	$ 14,861	$ 12,861

Segment Information - Schedul_2

Segment Information - Schedule of major customer information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Major customer information
Revenue	$ 53,505	$ 47,300	$ 40,760
Client A
Major customer information
Revenue	$ 4,416	$ 5,195	$ 5,869