| Related parties transactions and balance |
NOTE 8 - Related parties transactions and balance
Parties are considered to be related if one party
has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial
and operational decisions.
The related parties that had transactions
or balances with the Group in 2025 and 2024 consisted of:
| Related Parties | | Relationship with company | | Huang Huei-Ching | | The Company’s President and Director and ultimate beneficial owner | | Cui Yan | | The Company’s Chief Financial Officer. He resigned as Chief Financial Officer and became a director since August 2024. | | Yang Hsiao-Wen | | The Company’s Chief Executive Officer | | Huang Po-Yao | | The Company’s Director before August 2024 and sibling of Huang Huei Ching. | | Huang Tz-Ray | | The Company’s Director and ceased to be a related party as resigned as a director in August 2024. | | Worldwide Savants Capital Pty Ltd | | Huang Huei-Ching is the Director of Worldwide Savants Capital | | Bears Consulting & Management Co., Ltd | | Huang Po-Yao is the Director of Bears Consulting & Management Co., Ltd |
| | |
June 30, 2025 | | |
December 31, 2024 | |
| Due from a related party* | |
| | |
| |
| Huang Huei-Ching | |
$ | 4,622 | | |
| 742 | |
| * | The
balance as of June 30, 2025 is due on demand, interest-free and unsecured. The balance as of December 31, 2024 is prepayment for an operating
lease. |
| Due to related parties** | |
| | | |
| | |
| Huang Huei-Ching | |
| 232,887 | | |
| 182,309 | |
| Bears Consulting & Management Co., Ltd | |
| 5,576 | | |
| 5,002 | |
| Worldwide Savants Capital | |
| 16,807 | | |
| - | |
| | |
$ | 255,270 | | |
| 187,311 | |
| ** | The above balances are due on demand, interest-free and unsecured. |
| 2) | Related party transactions |
| Name of related parties | |
Three
months for
June 30,
2025 | | |
Three
months for
June 30,
2024 | |
| Revenue | |
| | |
| |
| Worldwide Savants Capital Pty Ltd | |
$ | 36,364 | | |
| 34,870 | |
| Bears Consulting & Management Co., Ltd | |
| 213 | | |
| - | |
| | |
$ | 36,577 | | |
| 34,870 | |
| | |
| | | |
| | |
| Lease expenses | |
| | | |
| | |
| Huang Huei-Ching | |
$ | 9,557 | | |
| - | |
| Name of related parties | |
Six months for
June 30, 2025 | | |
Six months for
June 30, 2024 | |
| Revenue | |
| | |
| |
| Worldwide Savants Capital Pty Ltd | |
$ | 46,850 | | |
| 55,343 | |
| Bears Consulting & Management Co., Ltd | |
| 15,208 | | |
| 19,178 | |
| | |
$ | 62,058 | | |
| 74,521 | |
| | |
| | | |
| | |
| Lease expenses | |
| | | |
| | |
| Huang Huei-Ching | |
$ | 19,166 | | |
| - | |
|