37.    Related party transactions

a)      Names of related parties and relationship

b)      Significant related party transactions

(a)     Service costs

Service costs are negotiated with related parties based on agreed-upon agreement and the conditions and payment terms are the same as third parties.

(b)    Payables to related parties:

The payables to related parties arise mainly from purchase of labor services and are due 1 to 2 months after the date of purchase. The payables bear no interest.

(c)     Guarantee

The Group’s key management personnel Tzu-Wei Chung provided guarantees for the Group’s short-term and long-term bank loans. As of December 31, 2023 and 2024, details of loans are described in Note 16.

(d)    Loans from related parties

Outstanding balance:

Interest expense and other payables — interest payable:

The loans from related parties carry interest at 3.119%~8%.

(e)     Key management personnel compensation