0001213900-26-042520 | 20-F | XBRL Viewer

anl_OtherPayablesAndAccruals

3,413,000

anl_OtherPayablesAndAccruals

3,741,000

anl_OtherPayablesAndAccruals

95,000

Stock Issued During Period Value Conversion Of Series AConvertible Preferred Shares

anl_OtherPayablesAndAccruals

354,000

anl_StockIssuedDuringPeriodValueConversionOfSeriesAConvertiblePreferredShares

1,000

Stock Issued During Period Value Conversion Of Series AConvertible Preferred Shares

anl_StockIssuedDuringPeriodValueConversionOfSeriesAConvertiblePreferredShares

10,979,000

Stock Issued During Period Value Conversion Of Series AConvertible Preferred Shares

anl_StockIssuedDuringPeriodValueConversionOfSeriesAConvertiblePreferredShares

(10,980,000)

Stock Issued During Period Value Conversion Of Series AConvertible Preferred Shares

anl_StockIssuedDuringPeriodValueConversionOfSeriesAConvertiblePreferredShares

anl_VestingOfRestrictedShares

28,000

anl_VestingOfRestrictedShares

(28,000)

anl_VestingOfRestrictedShares

251,000

anl_VestingOfRestrictedShares

(251,000)

anl_VestingOfRestrictedShares

anl_VestingOfRestrictedShares

anl_VestingOfRestrictedShares

anl_VestingOfRestrictedShares

anl_VestingOfRestrictedShares

anl_VestingOfRestrictedShares

Investment Income From Long Term Equity Investment

anl_VestingOfRestrictedShares

anl_InvestmentIncomeFromLongTermEquityInvestment

4,000

Investment Income From Long Term Equity Investment

anl_InvestmentIncomeFromLongTermEquityInvestment

3,000

Investment Income From Long Term Equity Investment

anl_InvestmentIncomeFromLongTermEquityInvestment

Interest Income From Investment At Amortized Cost

anl_InterestIncomeFromInvestmentAtAmortizedCost

701,000

Interest Income From Investment At Amortized Cost

anl_InterestIncomeFromInvestmentAtAmortizedCost

116,000

Interest Income From Investment At Amortized Cost

anl_InterestIncomeFromInvestmentAtAmortizedCost

Adjustments For Depreciation Of Right Of Use Assets

anl_AdjustmentsForDepreciationOfRightOfUseAssets

984,000

Adjustments For Depreciation Of Right Of Use Assets

anl_AdjustmentsForDepreciationOfRightOfUseAssets

866,000

Adjustments For Depreciation Of Right Of Use Assets

anl_AdjustmentsForDepreciationOfRightOfUseAssets

650,000

Adjustments For Increase Decrease In Prepayments Other Receivables And Other Assets

anl_AdjustmentsForIncreaseDecreaseInPrepaymentsOtherReceivablesAndOtherAssets

(436,000)

Adjustments For Increase Decrease In Prepayments Other Receivables And Other Assets

anl_AdjustmentsForIncreaseDecreaseInPrepaymentsOtherReceivablesAndOtherAssets

(460,000)

Adjustments For Increase Decrease In Prepayments Other Receivables And Other Assets

anl_AdjustmentsForIncreaseDecreaseInPrepaymentsOtherReceivablesAndOtherAssets

165,000

Adjustments For Increase Decrease In Noncurrent Assets

anl_AdjustmentsForIncreaseDecreaseInNoncurrentAssets

45,000

Adjustments For Increase Decrease In Noncurrent Assets

anl_AdjustmentsForIncreaseDecreaseInNoncurrentAssets

(22,000)

Adjustments For Increase Decrease In Noncurrent Assets

anl_AdjustmentsForIncreaseDecreaseInNoncurrentAssets

51,000

Adjustments For Increase Decrease In Other Payables And Accruals

anl_AdjustmentsForIncreaseDecreaseInOtherPayablesAndAccruals

263,000

Adjustments For Increase Decrease In Other Payables And Accruals

anl_AdjustmentsForIncreaseDecreaseInOtherPayablesAndAccruals

(856,000)

Adjustments For Increase Decrease In Other Payables And Accruals

anl_AdjustmentsForIncreaseDecreaseInOtherPayablesAndAccruals

7,000

Purchase Of Financial Assets At Fair Value Through Profit Or Loss Classified As Investing Activities

anl_PurchaseOfFinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsInvestingActivities

7,000

Purchase Of Financial Assets At Fair Value Through Profit Or Loss Classified As Investing Activities

anl_PurchaseOfFinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsInvestingActivities

5,032,000

Purchase Of Financial Assets At Fair Value Through Profit Or Loss Classified As Investing Activities

anl_PurchaseOfFinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsInvestingActivities

Proceeds From Disposal Of Financial Assets At Fair Value Through Profit Or Loss

anl_ProceedsFromDisposalOfFinancialAssetsAtFairValueThroughProfitOrLoss

21,039,000

Proceeds From Disposal Of Financial Assets At Fair Value Through Profit Or Loss

anl_ProceedsFromDisposalOfFinancialAssetsAtFairValueThroughProfitOrLoss

5,039,000

Proceeds From Disposal Of Financial Assets At Fair Value Through Profit Or Loss

anl_ProceedsFromDisposalOfFinancialAssetsAtFairValueThroughProfitOrLoss

Recovery Of Shortterm Investments At Amortized Cost

anl_RecoveryOfShorttermInvestmentsAtAmortizedCost

92,259,000

Recovery Of Shortterm Investments At Amortized Cost

anl_RecoveryOfShorttermInvestmentsAtAmortizedCost

Recovery Of Shortterm Investments At Amortized Cost

anl_RecoveryOfShorttermInvestmentsAtAmortizedCost

Interest Received From Investment At Amortized Cost

anl_InterestReceivedFromInvestmentAtAmortizedCost

701,000

Interest Received From Investment At Amortized Cost

anl_InterestReceivedFromInvestmentAtAmortizedCost

Interest Received From Investment At Amortized Cost

anl_InterestReceivedFromInvestmentAtAmortizedCost

Addition Of Investments In Associate

anl_AdditionOfInvestmentsInAssociate

4,212,000

Addition Of Investments In Associate

anl_AdditionOfInvestmentsInAssociate

Addition Of Investments In Associate

anl_AdditionOfInvestmentsInAssociate

Received Investment Income Of Financial Assets

anl_ReceivedInvestmentIncomeOfFinancialAssets

62,000

Received Investment Income Of Financial Assets

anl_ReceivedInvestmentIncomeOfFinancialAssets

1,000

Received Investment Income Of Financial Assets

anl_ReceivedInvestmentIncomeOfFinancialAssets

Disclosure Of Corporate And Group Information Explanatory

anl_DisclosureOfCorporateAndGroupInformationExplanatory

1.	CORPORATE AND GROUP INFORMATION

Adlai Nortye Ltd. (the “Company”) is a limited liability company incorporated in the Cayman Islands on May 9, 2018. The registered office of the Company is located at Harneys Fiduciary (Cayman) Limited, 4^th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands.

The Company is a holding company. The Company through its subsidiaries (collectively, the “Group”) were involved in the research and development of pharmaceutical products.

As of the date of this report, the Company had direct and indirect interests in its subsidiaries, all of which are private limited liability companies, the particulars of which are set out below:

Percentage

of equity

Date and place of

Issued ordinary

attributable to

incorporation / registration

share/

the Company

Name

Notes

and place of operations

registered capital

Direct

Indirect

Principal activities

Alpine Bioscience Ltd. (“Alpine BVI”)

British Virgin Islands, January 8, 2018

One share of par value $1

100

—

Holding

Adlai Nortye USA Inc (“Adlai US”)

The United States, January 30, 2018

10,000 shares of par value $0.0001 each

—

100

Clinical studies and testing, and technology development and transfer

Adlai Nortye (Switzerland) AG (“Adlai Swiss”)

Switzerland, June 21, 2022

100 shares of par value CHF1’000 each

—

100

Holding

Adlai Nortye PTE.LTD (“Adlai SGP”)

Singapore, April 22, 2022

Two shares of par value $1

—

100

Holding

Adlai Nortye (HK) Limited (“Adlai HK”)

Hong Kong, April 24, 2018

HKD 0.001

—

100

Holding

Adlai Nortye Biopharma Co., Ltd* (“Adlai Hangzhou”)

the People’s Republic of China (“PRC”)/Mainland China, September 14, 2004

RMB 200,000

—

100

Product research and development, technology transfer and consulting services business

Shanghai Adlai Nortye Biopharma Co., Ltd* (“Adlai Shanghai”)

the People’s Republic of China (“PRC”)/Mainland China, December 22, 2021

RMB 10,000

—

100

Product research and development, technology transfer and consulting services business

*	The English name of the subsidiary registered in the PRC represents the best efforts made by management of the Company to translate its Chinese name as the subsidiary does not have an official English name.

anl_PotentialPayments

$ 1,600,000,000

anl_PotentialPayments

$ 230,000,000

anl_PotentialPayments

$ 60,000,000

Number Of Operating Segment

anl_PotentialPayments

$ 8,700,000

Gross Proceeds

anl_GrossProceeds

$ 85,000,000

anl_NumberOfOperatingSegment

Cash Federal Deposit Insurance Corporation Amount

anl_CashFederalDepositInsuranceCorporationAmount

$ 250,000,000

Option Grant Fee

anl_OptionGrantFee

5,000,000

Option Grant Fee

anl_OptionGrantFee

Option Grant Fee

anl_OptionGrantFee

Disclosure Of Income Tax Expense Explanatory

anl_DisclosureOfIncomeTaxExpenseExplanatory

The income tax expense of the company for the Relevant Periods is analyzed as follows:

	Year ended December 31,
	2023	2024	2025
	revised
	$’000	$’000	$’000
Current	—	—	—
Deferred	—	—	—
Total	—	—	—

Disclosure Of Reconciliation Of The Tax Expense Applicable To Loss Before Tax At The Statutory Rate Explanatory

anl_DisclosureOfReconciliationOfTheTaxExpenseApplicableToLossBeforeTaxAtTheStatutoryRateExplanatory

A reconciliation of the tax expense applicable to loss before tax at the statutory rate to the tax expense at the effective tax rate is as follows:

	Year ended December 31,
	2023			2024			2025
	revised
	$’000			$’000			$’000
Loss before tax		(109,228	)		(51,869	)		(35,528	)
Tax at the statutory tax rate (25%)		(27,307	)		(12,967	)		(8,882	)
Foreign rate differential		15,111			3,349			1,193
Effect of adjustments for income tax rate (Note i)		—			—			(9,672	)
Expenses not deductible for tax		126			92			153
Income not subject to tax (Note ii)		—			—			(850	)
Additional deductible allowance for qualified research and development costs		(2,338	)		(1,506	)		(2,838	)
Non tax-effective share-based payments		—			2,150			299
Others		—			—			21
Unrecognized deferred tax assets expires (Note i)		—			—			5,919
Unrecognized deferred tax assets		14,408			8,882			14,657
Current income tax expense		—			—			—
Tax charge at the Group’s effective rate		—			—			—

Note i: During 2025, Adlai Hangzhou ceased to qualify as a High and New Technology Enterprise and therefore is no longer eligible for the preferential income tax rate of 15%. As a result, the applicable statutory income tax rate increased, giving rise to the “Effect of adjustments for income tax rate” in the reconciliation of the effective tax rate. In addition, due to the change in tax status, the Group no longer expects to utilize certain tax losses within the prescribed carryforward period. Accordingly, deferred tax assets related to these tax losses have not been recognized, resulting in “Unrecognized deferred tax assets expires” in the reconciliation.

Note ii: Based on the Company’s assessment of the nature of the transactions during the financial year and with reference to the Singapore Income Tax Act, the revenue for the year is considered to be capital gain in nature. Accordingly, such income is not regarded as taxable income in Singapore and is treated as income not subject to tax.

Effect Of Adjustments For Income Tax Rate

anl_EffectOfAdjustmentsForIncomeTaxRate

$ (9,672,000)

^[1]

Effect Of Adjustments For Income Tax Rate

anl_EffectOfAdjustmentsForIncomeTaxRate

^[1]

Effect Of Adjustments For Income Tax Rate

anl_EffectOfAdjustmentsForIncomeTaxRate

^[1]

Tax Effect From Research And Development Costs

anl_TaxEffectFromResearchAndDevelopmentCosts

2,338,000

Tax Effect From Research And Development Costs

anl_TaxEffectFromResearchAndDevelopmentCosts

1,506,000

Tax Effect From Research And Development Costs

anl_TaxEffectFromResearchAndDevelopmentCosts

2,838,000

Non Taxeffective Sharebased Payments

anl_NonTaxeffectiveSharebasedPayments

(2,150,000)

Non Taxeffective Sharebased Payments

anl_NonTaxeffectiveSharebasedPayments

(299,000)

Non Taxeffective Sharebased Payments

anl_NonTaxeffectiveSharebasedPayments

Tax Rate Effect Of Unrecognized Deferred Tax Assets Expires

anl_TaxRateEffectOfUnrecognizedDeferredTaxAssetsExpires

5,919,000

^[1]

Tax Rate Effect Of Unrecognized Deferred Tax Assets Expires

anl_TaxRateEffectOfUnrecognizedDeferredTaxAssetsExpires

^[1]

Tax Rate Effect Of Unrecognized Deferred Tax Assets Expires

anl_TaxRateEffectOfUnrecognizedDeferredTaxAssetsExpires

^[1]

Tax Rate Effect Of Unrecognized Deferred Tax Assets

anl_TaxRateEffectOfUnrecognizedDeferredTaxAssets

14,408,000

Tax Rate Effect Of Unrecognized Deferred Tax Assets

anl_TaxRateEffectOfUnrecognizedDeferredTaxAssets

8,882,000

Tax Rate Effect Of Unrecognized Deferred Tax Assets

anl_TaxRateEffectOfUnrecognizedDeferredTaxAssets

$ 14,657,000

Preferential Income Tax Rate

anl_PreferentialIncomeTaxRate

15.00%

Unused Tax Losses Expiry Term

anl_UnusedTaxLossesExpiryTerm

5 years

Unused Tax Losses Expiry Term

anl_UnusedTaxLossesExpiryTerm

10 years

Percentage Of Taxable Income Annual Limitation To Offset Against Future Taxable Profits

anl_PercentageOfTaxableIncomeAnnualLimitationToOffsetAgainstFutureTaxableProfits

80.00%

Unrecognized Tax Benefits Term

anl_UnrecognizedTaxBenefitsTerm

12 months

Disclosure Of Cash And Cash Equivalents Explanatorytext Block

anl_DisclosureOfCashAndCashEquivalentsExplanatorytextBlock

	As of December 31,
	2024		2025
	$’000		$’000
Cash on hand		—		—
Cash at bank		60,902		8,056
Total		60,902		8,056

anl_DisposalPropertyPlantAndEquipment

$ 13,000

anl_DisposalPropertyPlantAndEquipment

44,000

anl_DisposalPropertyPlantAndEquipment

(2,000)

anl_DisposalPropertyPlantAndEquipment

55,000

anl_DisposalPropertyPlantAndEquipment

anl_DisposalPropertyPlantAndEquipment

anl_DisposalPropertyPlantAndEquipment

anl_DisposalPropertyPlantAndEquipment

anl_DisposalPropertyPlantAndEquipment

anl_DisposalPropertyPlantAndEquipment

anl_DisposalPropertyPlantAndEquipment

anl_DisposalPropertyPlantAndEquipment

anl_PropertyPlantAndEquipmentAtCost

2,241,000

anl_PropertyPlantAndEquipmentAtCost

2,450,000

anl_PropertyPlantAndEquipmentAtCost

139,000

anl_PropertyPlantAndEquipmentAtCost

293,000

anl_PropertyPlantAndEquipmentAtCost

257,000

anl_PropertyPlantAndEquipmentAtCost

5,380,000

anl_PropertyPlantAndEquipmentAtCost

2,466,000

anl_PropertyPlantAndEquipmentAtCost

2,512,000

anl_PropertyPlantAndEquipmentAtCost

132,000

anl_PropertyPlantAndEquipmentAtCost

300,000

anl_PropertyPlantAndEquipmentAtCost

262,000

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAtCost

5,672,000

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(1,842,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(1,387,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(124,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(105,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(179,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(3,637,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(2,314,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(1,630,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(131,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(164,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

(214,000)

Property Plant And Equipment Accumulated Depreciation

anl_PropertyPlantAndEquipmentAccumulatedDepreciation

$ (4,453,000)

Lessee Operating Leases Term Of Contract

anl_LesseeOperatingLeasesTermOfContract

3 years

Lessee Operating Leases Term Of Contract

anl_LesseeOperatingLeasesTermOfContract

5 years

Disclosure Of Prepayments Other Receivables And Other Assets Explanatory

anl_DisclosureOfPrepaymentsOtherReceivablesAndOtherAssetsExplanatory

	As of December 31,
	2024		2025
	$’000		$’000
Current:
Prepayments (Note i)		1,981		1,716
VAT deductible tax		910		468
Deposits and other receivables		250		907
		3,141		3,091
Non-current:

Other receivables and other assets		304		253
		304		253
Total		3,445		3,344

Prepayments Other Receivables And Other Assets Non Current

anl_PrepaymentsOtherReceivablesAndOtherAssetsNonCurrent

$ 304,000

Prepayments Other Receivables And Other Assets Non Current

anl_PrepaymentsOtherReceivablesAndOtherAssetsNonCurrent

$ 253,000

Schedule Of Consolidated Financial Statements Table Text Block

anl_ScheduleOfConsolidatedFinancialStatementsTableTextBlock

The following entity have been included in the consolidated financial statements using the equity method:

		Proportion of ownership
		Interest held
	Country of incorporation	As of December 31,
Name	Principle place of business	2024			2025
Hangzhou Tangchuang Weilai Technology Co., Ltd (“Hangzhou Tangchuang”)	the People’s Republic of China		40	%		30	%

Capital Increase The Group Accounting Ratio

anl_CapitalIncreaseTheGroupAccountingRatio

30.00%

anl_EquityInterestPercentage

40.00%

anl_EquityInterestPercentage

60.00%

anl_EquityInterestPercentage

70.00%

anl_EquityInterestPercentage

30.00%

Disclosure Of Engaged In Any Substantive Business Activities Text Block

anl_EquityInterestPercentage

30.00%

Contribution

anl_Contribution

$ 45,000,000

anl_DisclosureOfEngagedInAnySubstantiveBusinessActivitiesTextBlock

As of December 31, 2025, the Group contributed a cumulative registered capital of RMB30,000 to Hangzhou Tangchuang, representing a 30% equity interest.

	2024			2025
	$’000			$’000
At the beginning of the year		—			4,157
Addition		4,212			—
Share of current year results		(4	)		(3	)
Dividends		—			—
Exchange differences		(51	)		95
At the end of the year		4,157			4,249

Schedule Of Summarized Financial Information Table Text Block

anl_ScheduleOfSummarizedFinancialInformationTableTextBlock

Hangzhou Tangchuang

	As of December 31, 2024			As of December 31, 2025
	$’000			$’000
Current assets		10,376			23,586
Current liabilities		17			9,422

Net Assets(100%)		10,393			14,164
Proportion of shareholding		40	%		30	%
Company share of net assets		4,157			4,249

Disclosure Of Contract Liabilities Explanatory

anl_DisclosureOfContractLiabilitiesExplanatory

	Total
	$’000
As of January 1, 2024		5,000
Customer prepayments		—
Revenue recognized		—
Effect of foreign exchange rate changes		—
As of December 31, 2024		5,000
Customer prepayments		—
Revenue recognized		(5,000	)
Effect of foreign exchange rate changes		—
As of December 31, 2025		—

Other Payables And Accruals Explanatory Text Block

anl_OtherPayablesAndAccrualsExplanatoryTextBlock

20.

OTHER PAYABLES AND ACCRUALS

	As of December 31,
	2024		2025
	$’000		$’000
Other payables and accruals (Note i)		275		579
Tax payable		75		18
Payroll and bonus payables		3,063		3,144
Total		3,413		3,741

Note i:

Other payables and accruals are unsecured, non-interest-bearing and repayable on demand. The fair values of other payables and accruals at the end of each of the Relevant Periods approximated to their corresponding carrying amounts.

Schedule Of Other Payables And Accruals Explanatory Text Block

anl_ScheduleOfOtherPayablesAndAccrualsExplanatoryTextBlock

	As of December 31,
	2024		2025
	$’000		$’000
Other payables and accruals (Note i)		275		579
Tax payable		75		18
Payroll and bonus payables		3,063		3,144
Total		3,413		3,741

Disclosure Of Change In Interest Bearing Bank Borrowings Explanatory Table Text Block

anl_DisclosureOfChangeInInterestBearingBankBorrowingsExplanatoryTableTextBlock

	Bank borrowings
	$’000
As of January 1, 2024		30,357
Additions		44,702
Repayments		(48,542	)
Effect of foreign exchange rate changes		(187	)
As of December 31, 2024		26,330
Additions		37,719
Repayments		(39,729	)
Effect of foreign exchange rate changes		262
As of December 31, 2025		24,582

Maximum Preferred Shares To Be Issued Upon Conversion Of Ordinary Shares

anl_MaximumPreferredSharesToBeIssuedUponConversionOfOrdinaryShares

14,560,000

Preferred Shares To Be Issued Upon Conversion Of Debt

anl_PreferredSharesToBeIssuedUponConversionOfDebt

6,600,000

Number Of Shares Issued Upon Conversion Of Convertible Loans

anl_NumberOfSharesIssuedUponConversionOfConvertibleLoans

6,600,000

Controlling Interest Percentage

anl_ControllingInterestPercentage

50.00%

Percentage Of Investment Return

anl_PercentageOfInvestmentReturn

100.00%

Interest Rate On Investment Per Annum

anl_InterestRateOnInvestmentPerAnnum

10.00%

Percentage Of Warrants Exercise Price

anl_PercentageOfWarrantsExercisePrice

95.00%

Number Of Shares Issued Upon Exercise Of Warrants

anl_NumberOfSharesIssuedUponExerciseOfWarrants

100,000

Stock Issued During Period Shares Exercise Of Share Options

anl_StockIssuedDuringPeriodSharesExerciseOfShareOptions

131,268

Stock Issued During Period Shares Vesting Of RSUs

anl_StockIssuedDuringPeriodSharesVestingOfRSUs

15,000

Stock Issued During Period Shares Vesting Of RSUs

anl_StockIssuedDuringPeriodSharesVestingOfRSUs

205,500

Stock Issued During Period Shares Cancel Of Ordinary Sharesin Shares

anl_StockIssuedDuringPeriodSharesCancelOfOrdinarySharesinShares

(2)

Increase Decrease Through Authorized Share Capital

anl_IncreaseDecreaseThroughAuthorizedShareCapital

$ 50,000

Share Based Compensation Arrangement By Share Based Payment Award Vesting Rights Percentage

anl_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRightsPercentage

25.00%

Share Based Compensation Arrangement By Share Based Payment Remaining Vesting Percentage

anl_ShareBasedCompensationArrangementByShareBasedPaymentRemainingVestingPercentage

75.00%

Percentage Of Fair Market Value

anl_PercentageOfFairMarketValue

100.00%

Granted Aggregate Shares

anl_GrantedAggregateShares

2,020

Granted Aggregate Shares

anl_GrantedAggregateShares

9,713,421

Granted Aggregate Shares

anl_GrantedAggregateShares

499,114

anl_OptionGranted

136,112

anl_OptionGranted

3,200,000

anl_OptionGranted

2,850,000