Agora(US:API)2025-04-15 11:00Currency Risk Management - The company does not hedge against currency risk, which may lead to fluctuations in revenue-generating transactions and expenses [653]. - A 10% depreciation of Renminbi against the U.S. dollar would result in a change of the company's holding U.S. dollar equivalents of US$1.6 million for cash and cash equivalents [656]. - The company has not engaged in any foreign currency transactions that would require it to obtain the most favorable exchange rates, which may lead to potential losses [665]. Cash and Cash Equivalents - The company had Renminbi-denominated cash and cash equivalents of RMB123.0 million as of December 31, 2024 [656]. - The company does not expect significant changes in the fair value of cash and short-term investments due to interest rate fluctuations [657]. Accounts Receivable Management - The company regularly updates its allowance estimates for accounts receivable based on various factors, including historical collection trends and current economic conditions [486]. - Changes in estimates and assumptions regarding accounts receivable could materially affect the financial statements [486]. - The company assesses expected credit losses based on various factors, including the age of accounts receivable balances and customer risk characteristics [484]. - The company has not deemed certain accounting estimates as critical, although they could still have a material impact on financial results [483]. ADS Program Costs - The company received reimbursement of US$0.8 million from the depositary for costs and expenses related to the establishment and maintenance of the ADS program for the year ended December 31, 2024 [666].