NOTE 8 – RELATED PARTIES

Amount due to the related parties consisted of the following:

 SCHEDULE OF DUE TO RELATED PARTIES

Related Party A, Mr. Xiaohao Tan, the director of the Company. As of June 30, 2025, and December 31, 2024, advanced $45,667 and $44,365 to the Company, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party B is Changsha Boyi Zhicheng Management Consulting Co., Ltd. which is 100% owned by their legal representative, Mr. Hui Du, but it’s still significant influence by the Company as of the date of this Report. As of June 30, 2025, and December 31, 2024, related party B advanced $351,212 and $345,086 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party C is Ms. Weihong Wan, Assistant and Secretary of Mr. Xiaohao Tan. Ms. Weihong Wan is a shareholder and Legal Company Representative of related party E, related party K and related party O. As of June 30, 2025, and December 31, 2024, related party C advanced $22,475 and $22,083 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party D is Ms. Qianwen Zhang, the wife of Mr. Xiaohao Tan. Ms. Qianwen Zhang is also the Legal Company Representative of related party G. As of June 30, 2025, and December 31, 2024, related party D advanced $515,406 and $506,593 to the Company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party E is Changsha Kexibeier E-commerce Limited, its Legal Company Representative is Ms. Weihong Wan. As of June 30, 2025, and December 31, 2024, related party E advanced $5,665 and $4,796 to the Company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party F is Chen Zhang , who is the legal representative of Zhicheng Beijing Ezagoo Zhicheng Internet Technology Limited.June 30, 2025 and 2024, related party P advanced $264,832 and $260,213 to the Company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party G is Kuaile Motors Camping Site Investment Development Limited. Mr. Xiaohao Tan and his wife, Ms Qianwen Zhang owned 86.95% and 8% of its equity, respectively. As of June 30, 2025, and December 31, 2024, related party G advanced $252,688 and $248,281 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party H, Hunan Bright Lionrock Mountain Resort Limited, is owned by related party J, Beijing Ezagoo Industrial Development Group Holding Limited, and related party G, Hunan Kuaile Motors Camping Site Investment Development Ltd. with equity of 80% and 20%, respectively. As of June 30, 2025, and December 31, 2024, the amount of $2,370 and $1,507 due from the related party I, respectively. It was rent deposit to the related party with the lease period ended August 1, 2024.

Related party I is Beijing Ezagoo Industrial Development Group Holding Limited. Its two main equity owners are related party N and Mr. Xiaohao Tan with equity of 21.42% and 71.85%, respectively. As of June 30, 2025, and December 31, 2024, related party J advanced $1,913,519 and $ 1,616,016 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

EZAGOO LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

Related party J is Ruiyin (Shenzhen) Financial Leasing Limited. Ms. Weihong Wan is the Legal Company Representative of related party K. As of June 30, 2025, and December 31, 2024, related party K advanced $37,646 and $36,989 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party K is Ezagoo B&R (HongKong) Industry Development Group Limited, which is 100% owned by Mr. Xiaohao Tan. As of June 30, 2025, and December 31, 2024, related party L advanced $20,893 and $20,893 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party L is Hunan Ezagoo Film Co., Limited, which 85% of its equity is owned by Mr. Xiaohao Tan. As of June 30, 2025, and December 31, 2024, the Company has $333,318 and $327,505 previous years’ advertising production cost payable to related party M, which is unsecured, interest-free with no fixed payment term.

Related party M is Hunan Wancheng Xingyi Industrial Development Co., Limited, which is 100% owned by Mr. Xiaohao Tan. As of June 30, 2025, and December 31, 2024, related party N advanced $139,904 and $148,216 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party N is Changsha Little Penguin Culture Communication Co., Limited, which 95% and 5% of its equity is owned by related party J and Mr. Xiaohao Tan, respectively. As of June 30, 2025, and December 31, 2024, related party N advanced $114,331 and $112,337 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.