v3.25.2
RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2025
RELATED PARTY TRANSACTIONS  
Related Party Transactions

9. RELATED PARTY TRANSACTIONS AND BALANCE

 

Name of Related Parties

 

Relationship with the Company

Chan Siu Hung

 

Chairman, Chief Executive Officer and Director of the Company

Related party A

 

An entity owned by our Chairman, Chief Executive Officer and Director of the Company

Related party B

 

An entity owned by our Chairman, Chief Executive Officer and Director of the Company

 

The Company rented an office space, monthly rental of $1,283 (HK$10,000), from Related party A. The lease ended on June 30, 2025.

The Company purchases the trading goods and courier services from Related party B, amounting to $43,872 for the period ended June 30, 2025.

 

Due to related party 

 

As of June 30 ,2025

(Unaudited)

 

Related party B– operating

 

 

24,677

 

Related party B– financing

 

 

12,739

 

Total

 

$37,416

 

 

Regarding the operating portion, the amounts due from related party B of $32,174 is trade in nature, interest-free, unsecured, and repayable on normal trade credit terms.The amounts due to related party B of $56,851 is non-trade in nature, interest-free, unsecured, and repayable on demand.