| RELATED PARTY BALANCES AND TRANSACTIONS |
14.
RELATED PARTY BALANCES AND TRANSACTIONS
Related
party balances
Amount
due from related parties
SCHEDULE OF RELATED PARTIES
| | |
| |
| |
As of | |
Name of Related
Party | |
Relationship | |
Nature | |
June 30, 2025 | | |
December 31,
2024 | |
| | |
| |
| |
| | |
| |
| TH3 Holdings Sdn Bhd (“TH3”) | |
Mr. How Kok Choong, the CEO and director of the Company is also a director of TH3 | |
Prepayment of IT expenses | |
$ | 2,706 | | |
$ | 1,582 | |
| ATPC Lega Global Sdn Bhd (“Lega”) | |
Mr. How Kok Choong, the CEO and director of the Company is also a director of Lega | |
General expenses payment on behalf | |
| 730 | | |
| 730 | |
| Total | |
| |
| |
$ | 3,436 | | |
$ | 2,312 | |
Accounts
payable – related parties
| | |
| |
| |
As of | |
| Name of Related Party | |
Relationship | |
Nature | |
June 30, 2025 | | |
December 31,
2024 | |
| | |
| |
| |
| | |
| |
| CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”) | |
The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchases of products for the provision of complementary health therapies | |
$ | 29,755 | | |
$ | 30,554 | |
| SY Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd | |
Purchases of beauty products | |
| 38 | | |
| 71 | |
| Cedar Wellness Sdn Bhd (“CW”) | |
The directors of CW are also the directors of Cedar ATPC Sdn Bhd | |
Purchase of skin care and healthcare products | |
| 1,656 | | |
| - | |
| Total | |
| |
| |
$ | 31,449 | | |
$ | 30,625 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
14.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party balances
Other
payable - related parties
| | |
| |
| |
As of | |
| Name of Related Party | |
Relationship | |
Nature | |
June 30, 2025 | | |
December 31,
2024 | |
| | |
| |
| |
| | |
| |
| CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”) | |
The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchase of products for general use | |
$ | 144 | | |
$ | 494 | |
| Cedar Wellness Sdn Bhd (“CW”) | |
The directors of CW are also the directors of Cedar ATPC Sdn Bhd | |
Payment on behalf for selling and event related expenses | |
| 5,772 | | |
| - | |
| Ms. Low Mui Chin | |
Ms. Low Mui Chin, the director of Cedar ATPC Sdn Bhd | |
Payment on behalf for selling and event related expenses | |
| 1,227 | | |
| - | |
| Mr. How Kok Choong | |
Mr. How Kok Choong, the CEO and director of the Company | |
Salary, Commission expense and borrowing from director | |
| 230,249 | | |
| 356 | |
| Total | |
| |
| |
$ | 237,392 | | |
$ | 850 | |
Related
party transactions
Purchases
| | |
| |
| |
For
the three months ended
June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| CTA
Nutriceuticals (Asia) Sdn Bhd (“CTA”) | |
The
directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness
Sdn Bhd | |
Purchases
of products for the provision of complementary health therapies | |
$ | 86,199 | | |
$ | 80,504 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The
directors and shareholders of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International
Sdn Bhd | |
Purchases
of beauty products | |
| 96 | | |
| 819 | |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The
directors of CW are also the directors of Cedar ATPC Sdn Bhd | |
Purchase
of skin care and healthcare products | |
| 10,000 | | |
| - | |
| Total
purchases | |
| |
| |
$ | 96,295 | | |
$ | 81,323 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
14.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Purchases
Related
party transactions
| | |
| |
| |
For
the six months ended
June
30 , | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| CTA
Nutriceuticals (Asia) Sdn Bhd (“CTA”) | |
The
directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness
Sdn Bhd | |
Purchases
of products for the provision of complementary health therapies | |
$ | 172,026 | | |
$ | 161,807 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The
directors and shareholders of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International
Sdn Bhd | |
Purchases
of beauty products | |
| 150 | | |
| 16,624 | |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The directors of CW are also the directors of Cedar ATPC Sdn Bhd | |
Purchase of skin care and healthcare products | |
| 10,000 | | |
| - | |
| Total
purchases | |
| |
| |
$ | 182,176 | | |
$ | 178,431 | |
Other
purchases
| | |
| |
| |
For
the three months ended
June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| CTA
Nutriceuticals (Asia) Sdn Bhd (“CTA”) | |
The
directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness
Sdn Bhd | |
Purchase
of products for general use | |
$ | 648 | | |
$ | 795 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The
directors and shareholders of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International
Sdn Bhd | |
Purchase
of products for general use | |
| - | | |
| 402 | |
| Total
other purchases | |
| |
| |
$ | 648 | | |
$ | 1,197 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
14.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party transactions
Other
purchases
| | |
| |
| |
For
the six months ended
June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| CTA
Nutriceuticals (Asia) Sdn Bhd (“CTA”) | |
The
directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness
Sdn Bhd | |
Purchase
of products for general use | |
$ | 2,129 | | |
$ | 1,734 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The
directors and shareholders of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International
Sdn Bhd | |
Purchase
of products for general use | |
| 1,151 | | |
| 2,595 | |
| Total
other purchases | |
| |
| |
$ | 3,280 | | |
$ | 4,329 | |
Commission
| | |
| |
| |
For
the three months ended
June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| Mr.
How Kok Choong | |
Mr.
How Kok Choong, the CEO and director of the Company | |
Commission
expense | |
$ | 372 | | |
$ | 619 | |
| Total
commission | |
| |
| |
$ | 372 | | |
$ | 619 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
14.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party transactions
Commission
| | |
| |
| |
For
the six months ended
June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
Mr.
How Kok Choong
| |
Mr.
How Kok Choong, the CEO and director of the Company | |
Commission
expense | |
$ | 766 | | |
$ | 1,351 | |
| Total
commission | |
| |
| |
$ | 766 | | |
$ | 1,351 | |
Other
income
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| Ando
Design Sdn Bhd (“Ando”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of Ando | |
Rental
income | |
$ | - | | |
$ | 634 | |
| TH3
Holdings Sdn Bhd (“TH3”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of TH3 | |
Rental
income | |
| 207 | | |
| 190 | |
| Total
other income | |
| |
| |
$ | 207 | | |
$ | 824 | |
Other
income
| | |
| |
| |
For
the six months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| Ando
Design Sdn Bhd (“Ando”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of Ando | |
Rental
income | |
$ | 230 | | |
$ | 1,268 | |
| TH3
Holdings Sdn Bhd (“TH3”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of TH3 | |
Rental
income | |
| 414 | | |
| 380 | |
| Total
other income | |
| |
| |
$ | 644 | | |
$ | 1,648 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
14.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party transactions
Other
expenses
| | |
| |
| |
For
the three months ended
June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| TH3
Holdings Sdn Bhd (“TH3”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of TH3 | |
IT
support services fee | |
$ | 15,271 | | |
$ | 14,574 | |
| DSY
Wellness and Longevity Center Sdn Bhd (“DSYWLC”) | |
Mr.
Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC | |
Office
rental expense | |
| 27,629 | | |
| 7,606 | |
| Ando
Design Sdn Bhd (“Ando”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of Ando | |
Office
furniture & fittings and improvements | |
| - | | |
| 1,708 | |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The
directors of CW are also the directors of Cedar ATPC Sdn Bhd | |
Payment
on behalf for selling and event related expenses | |
| 23,715 | | |
| - | |
| Total
other expenses | |
| |
| |
$ | 66,615 | | |
$ | 23,888 | |
Other
expenses
| | |
| |
| |
For
the six months ended
June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2025 | | |
2024 | |
| | |
| |
| |
| | |
| |
| TH3
Holdings Sdn Bhd (“TH3”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of TH3 | |
IT
support services fee | |
$ | 30,421 | | |
$ | 28,666 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The directors and shareholders of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International
Sdn Bhd | |
Purchases of products for general use | |
| - | | |
| 5 | |
| DSY
Wellness and Longevity Center Sdn Bhd (“DSYWLC”) | |
Mr.
Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC | |
Office
rental expense | |
| 55,258 | | |
| 15,213 | |
| Ando
Design Sdn Bhd (“Ando”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of Ando | |
Office
furniture & fittings and improvements | |
| - | | |
| 1,708 | |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The directors of CW are also the directors of Cedar ATPC Sdn Bhd | |
Payment
on behalf for selling and event related expenses | |
| 23,715 | | |
| - | |
| Total
other expenses | |
| |
| |
$ | 109,394 | | |
$ | 45,592 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
|