Note 11- RELATED PARTY TRANSACTIONS
The Company had transactions with the following
related parties:
| Name of Related Party | | Nature of Relationship | | Mr. Szu Hao Huang | | Director, Chief Executive Officer (“CEO”) | | Mr. Yenhung Liu | | Director of the Company | | Chengdu Zhonghe sunshine Biotechnology Co., Ltd (“Chengdu Zhonghe”) | | A company whose legal representative is Mr. Yenhung Liu | | Gasar Biotechnology Co., Ltd. | | A company managed by Mr. Szu Hao Huang, | | Dalan Vincent Holdings Limited | | A company managed by Mr. Szu Hao Huang, |
Due to related parties
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2023 | |
| Mr. Szu Hao Huang | |
$ | 119,889 | | |
$ | 36,302 | |
| Dalan Vincent Holdings Limited | |
| 99,975 | | |
| - | |
| Total | |
$ | 219,864 | | |
$ | 36,302 | |
The amounts of due to related parties
described above were for working capital purposes, payable on demand, and bear no interest.
Sales to related parties
| | |
Year Ended December 31, | |
| | |
2024 | | |
2023 | | |
2022 | |
| Gasar Biotechnology Co., Ltd. | |
$ | 52,943 | | |
$ | 126,856 | | |
$ | 53,304 | |
|