| SCHEDULE OF RELATED PARTIES |
SCHEDULE
OF RELATED PARTIES
a.
Related parties
| Name
of Related Party |
|
Relationship
to the Company |
| Yun-Kuang
Kung |
|
Son
of Shang-Chiai Kung, who is the Chairman of Vivic Corp. |
| Kung
Hwang Liu Shiang |
|
Director
and Spouse of Shang-Chiai Kung, who is the Chairman of Vivic Corp. |
| Shang-Chiai
Kung |
|
Chairman
of Vivic Corp. |
| Kun-Teng
Liao* |
|
Former
COO; Director of Marketing and Sales effective January 25, 2026 |
| Tse-Ling
Wang |
|
Former
CEO, President and Secretary; former director/officer of the company |
| Weiguan
Ship |
|
Yun-Kuang Kung acquired 100% ownership of this entity from Vivic Corp. in July 2023 |
| Jiazhou
Yacht Company Limited |
|
Yun-Kuang
Kung has 100% ownership of this entity |
| Fujian
Jiaxin Yacht Company Limited |
|
Yun-Kuang
Kung has 100% ownership of this entity |
| Anhua
Tu |
|
Shareholder
of Vivic Corp. |
| Chengwei
Kung |
|
Grandson
of the Chairman of Vivic Corp. |
| Huilan
Chen |
|
Shareholder |
| * |
On
October 9, 2024, Kun-Teng Liao resigned from his positions with the Company and ceased to be Secretary and a Board Member. Mr. Kun-Teng
Liao began to function in the capacity of the Company’s Chief Operating Officer and was officially appointed as the Company’s
Chief Operating Officer effective January 25, 2025. Effective January 25, 2026, Kun-Teng Liao agreed to transition his position as
Director of Marketing and Sales. |
|
| SCHEDULE OF DUE FROM RELATED PARTY |
Due
from related parties consisted of the following:
SCHEDULE OF DUE FROM RELATED PARTY
| Name | |
March
31, 2026 | | |
June
30, 2025 | |
| Weiguan Ship (1) | |
$ | 1,707,076 | | |
$ | 2,512,934 | |
| | |
| | | |
| | |
| Total | |
$ | 1,707,076 | | |
$ | 2,512,934 | |
As
of March 31, 2026, the due from related parties consisted of the following:
| |
(1) |
The
Company had a receivable from Weiguan Ship for $1,707,076 as of December 31, 2025. Weiguan
Ship was owned by the Company prior to June 30, 2023; any amount due was eliminated upon
consolidation prior to June 30, 2023.
On
September 30, 2025, Vivic Corp. (“Party A”) entered into a Debt and Obligation Transfer Agreement with Yun-Kuang Kung
(“Party B”), Kung Hwang Liu Shiang (“Party C”), and Weiguan Ship (“Party D”). Pursuant to the
agreement, Party C transferred its creditor rights, with an outstanding balance of approximately $0.35 million, to Party B, and Party
B agreed to accept such creditor rights.
As
the legal representative of Party D, Party B also agreed to offset the transferred creditor rights against the debt owed by Party
D to Party A. Subsequently, Party B agreed to offset $0.30 million of its creditor rights against the debt owed by Party D to Party
A. Upon this settlement, the corresponding portion of the creditor–debtor relationship was fully resolved, and neither party
shall have any further claims or liabilities related to that portion.
After
the completion of this Debt and Obligation Transfer Agreement, the total outstanding amount due from Weiguan Ship is $1.7 million. |
|
| SCHEDULE OF DUE TO RELATED PARTIES |
Due
to related parties consisted of the following:
SCHEDULE OF DUE TO RELATED PARTIES
| Name | |
March
31, 2026 | | |
June
30, 2025 | |
| | |
| | |
| |
| Kung Hwang Liu Shiang | |
$ | 2,804 | | |
$ | 54,205 | |
| Yun-Kuang Kung | |
| 107,167 | | |
| 106,198 | |
| Shang-Chiai Kung | |
| 190,551 | | |
| 178,651 | |
| Chengwei Kung | |
| 60,000 | | |
| - | |
| Huilan Chen | |
| 2,500 | | |
| - | |
| Total | |
$ | 363,022 | | |
$ | 339,054 | |
|