v3.26.1
Related Party Transactions
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

 

Due from (to) related parties

 

From time to time, the Company received advances from Chan Tin Chi Family Company Limited which is the major shareholder of the Company for working capital purposes. These advances are non-interest bearing and are payable on demand.

 

As of December 31, 2024 and 2023, amounts due from related companies were $18,053,200 and $18,068,304, respectively.

 

As of December 31, 2024 and 2023, amounts due to Chan Tin Chi Family Company Limited were $1,528,734 and $1,506,986, respectively.

 

The amounts are unsecured, interest-free and have no fixed terms of repayment.