NOTE 9 — Related parties transactions and balance
Parties are considered to be related
if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party
in making financial and operational decisions.
The related parties that had transactions
for the three months ended March 31, 2026 and 2025 or balances with the Group as of March 31, 2026 and December 31, 2025 consisted of:
| Related Parties | | Relationship with company | | Huang Huei-Ching | | The Company’s President and Director and ultimate beneficial owner | | Cui Yan | | The Company’s Director. | | Li Chunguang | | The Company’s Chief Financial Officer. | | Yang Hsiao-Wen | | The Company’s Chief Executive Officer | | Huang Po-Yao | | Sibling of Huang Huei Ching. | | Worldwide Savants Capital Pty Ltd | | Huang Huei-Ching is the Director of Worldwide Savants Capital | | Bears Consulting & Management Co., Ltd | | Huang Po-Yao is the Director of Bears Consulting & Management Co., Ltd |
| | |
March 31,
2026 | | |
December 31,
2025 | |
| Due to related parties** | |
| | |
| |
| Huang Huei-Ching | |
| 390,177 | | |
| 298,588 | |
| Bears Consulting & Management Co., Ltd | |
| 4,193 | | |
| 4,463 | |
| Worldwide Savants Capital | |
| 15,300 | | |
| 16,445 | |
| | |
$ | 409,670 | | |
| 319,496 | |
| ** | The above balances are due
on demand, interest-free and unsecured. |
| 2) | Related party transactions |
| Name of related parties | |
Three
months for
March 31,
2026 | | |
Three
months for
March 31,
2025 | |
| Revenue | |
| | |
| |
| Worldwide Savants
Capital Pty Ltd | |
$ | - | | |
| 10,486 | |
| Bears
Consulting & Management Co., Ltd | |
| - | | |
| 14,995 | |
| | |
$ | - | | |
| 25,481 | |
| | |
| | | |
| | |
| Lease
expenses | |
| | | |
| | |
| Huang
Huei-Ching | |
$ | 9,925 | | |
| 9,609 | |
| | |
$ | 9,925 | | |
| 9,609 | |
|