| SCHEDULE OF RELATED PARTY TRANSACTIONS |
As
of December 31, 2025, the Company had the following major related party transactions:
SCHEDULE
OF RELATED PARTY TRANSACTIONS
| Name
of related parties |
|
Relationship with
Company |
| Wanhai
Liu |
|
Shareholder
of Xilin Online (Beijing) E-commerce Co., Ltd |
| Tianyong
Lv |
|
Manager
of Xilin Online (Beijing) E-commerce Co., Ltd |
| Shengqing
Li |
|
Manager
of Shenzhen Zhimeng Qiyang Technology Co., Ltd. |
| Hongfang
Xie |
|
Shareholder
of Shanghai Huomao Cultural Development Co., Ltd. |
| Wenlong
Tong |
|
President
of CIMG Inc. |
| Wenwen
Yu |
|
Director
of Wewin Technology LLC |
| Yujie
Liu |
|
The
shareholders of CIMG |
| Yanli
Hou |
|
Director
of CIMG Inc. |
(a)
Significant transactions with related parties
| Name of related parties | |
Related party transactions | |
Three months
ended December 31,
2025 | |
| Wanhai Liu | |
Loan advanced to Xilin Online (Beijing) E-commerce Co., Ltd | |
$ | 436 | |
| Tianyong Lv | |
Loan advanced to Xilin Online (Beijing) E-commerce Co., Ltd | |
| 185 | |
| Shengqing Li | |
Loan advanced to Shenzhen Zhimeng Qiyang Technology Co., Ltd. | |
| 5,564 | |
| Hongfang Xie | |
Loan advanced to Shanghai Huomao Cultural Development Co., Ltd. | |
| 6,058 | |
| Hongfang Xie | |
Loan advanced to Guizhou Zhutai Huomao Liquor Industry Co., Ltd. | |
| 4,420 | |
| Yujie Liu | |
Loan advanced to Zhongyan Shangyue Technology Co., Ltd | |
| 213,198 | |
| Yujie Liu | |
Loan advanced to Henan Zhongyan Shangyue Technology Co., Ltd | |
| 52,729 | |
| Wenwen Yu | |
Loan advanced to CIMG Inc. | |
| 57,500 | |
| Dada Business Trading Co., Limited | |
Loan advanced to CIMG Inc. | |
| 249,681 | |
Metaverse Intelligence Tech Ltd | |
Loan advanced to CIMG Inc. | |
| 250,000 | |
YY Tech Inc. | |
Loan advanced to CIMG Inc. | |
| 3,862 | |
Yanqing Chen | |
Loan advanced to CIMG Inc. | |
| 139,546 | |
| Wenlong Tong | |
Loan advanced to Zhongyan Shangyue Technology Co., Ltd | |
| 2,750 | |
| Wenwen Yu | |
Loan advanced from Wewin Technology LLC. | |
| (76,967 | ) |
| Yanli Hou | |
Loan advanced from Zhongyan Shangyue Technology Co., Ltd | |
| (42,041 | ) |
Nature
of Related Party Transactions
As
of December 31, 2025, the Company and its subsidiaries entered into certain transactions with related parties in the ordinary course
of business. These transactions primarily consisted of advances made by related parties to settle operating and administrative expenses
on behalf of the Company’s subsidiaries, as well as financing arrangements entered into with related parties.
Except
as otherwise disclosed, all advances from or to related parties were unsecured, non-interest bearing, and had no fixed repayment terms.
Management believes that the terms of these transactions are not materially different from those that could have been obtained from independent
third parties under similar circumstances.
(b)
Balances with related parties
| | |
December 31,
2025 | |
| Wenlong Tong | |
$ | 15,911 | |
| Wenwen Yu | |
| 150,762 | |
| Yanli Hou | |
| 42,041 | |
| Total amounts due from related parties | |
| 208,714 | |
| | |
| | |
| Wanhai Liu | |
$ | 12,698 | |
| Tianyong Lv | |
| 12,940 | |
| Shengqing Li | |
| 191,329 | |
| Hongfang Xie | |
| 11,171 | |
| Wenwen Yu | |
| 57,500 | |
| Yujie Liu | |
| 265,928 | |
| Dada Business Trading Co., Limited | |
| 249,681 | |
Metaverse Intelligence Tech Ltd | |
| 250,000 | |
YY Tech Inc. | |
| 3,862 | |
Yanqing Chen | |
| 139,546 | |
| Total amounts due to related parties | |
| 1,194,655 | |
|