| RELATED PARTY TRANSACTIONS |
| 6. |
RELATED PARTY TRANSACTIONS |
SCHEDULE
OF RELATED PARTIES RELATIONSHIP WITH COMPANY
| Name
of Related Parties |
|
Relationship
with the Company |
| Zhida
Hong |
|
President,
CEO, and a director of the Company |
| Hongye
Financial Consulting (Shenzhen) Co., Ltd. |
|
A
company controlled by CEO, Mr. Zhida Hong |
| Bihua
Yang |
|
A
legal representative of XKJ |
| Jinlong
Huang |
|
Management
of HSW |
| Yinping
Ding |
|
Management
of HSW & YS |
| Wu
Rui and Riches Affiliated Parties (1) |
|
Mr.
Wu Rui is the Chief Operating Officer of the Company. The Riches Affiliated Parties are affiliated with Mr. Wu Rui and were involved
in the Company’s related-party share exchange transaction. |
| KMFG’s
related parties |
|
KMFG’s
shareholders, directors and related parties |
| (1) | | For purposes of
this section, “Riches Affiliated Parties” refers to Riches FO Holdings Limited, Riches Family Office Limited and Riches Elite
Technology (Shenzhen) Co., Ltd. Riches FO Holdings Limited is controlled by Mr. Wu Rui, the Company’s Chief Operating Officer,
and was the seller in the Company’s related-party share exchange transaction involving Riches Family Office Limited. Riches Elite
Technology (Shenzhen) Co., Ltd. is the operating subsidiary of Riches Family Office Limited. |
The
Company leases Shenzhen XKJ office rent-free from Bihua Yang.
Hongye
Financial Consulting (Shenzhen) Co., Ltd. provided guarantee to the consideration receivable of transfer of a debt security to a third
party.
On
May 15, 2026, the Company entered into a Share Exchange Agreement with Yingxi Industrial Chain Investment Co., Ltd., Riches Family Office
Limited, Riches FO Holdings Limited and Mr. Wu Rui, the Company’s Chief Operating Officer and sole shareholder of Riches FO Holdings
Limited.
Pursuant
to the agreement, Yingxi HK agreed to acquire 41.67%
of the issued and outstanding equity interests of Riches Family Office Limited from Riches FO Holdings Limited in exchange for the
issuance by the Company of 33,500
shares of Common Stock to Mr. Wu Rui. The transaction constitutes a related-party transaction and was approved by the Audit
Committee and the Board of Directors on May 15, 2026.
The
Company had the following related party balances at the end of the years:
SCHEDULE
OF RELATED PARTY BALANCES
| Amount due from related party | |
2026 | | |
2025 | |
| Hong Zhida (1) | |
| 3,626,417 | | |
| 2,856,262 | |
| Bihua Yang (2) | |
| 1,369,355 | | |
| 1,426,867 | |
| Riches affiliated companies | |
| 623,100 | | |
| - | |
| Amount due from related
party | |
$ | 5,618,872 | | |
$ | 4,283,129 | |
| Related party borrowings | |
2026 | | |
2025 | |
| Hongye Financial Consulting (Shenzhen) Co., Ltd. | |
$ | 101,322 | | |
$ | 39,174 | |
| Jinlong Huang | |
| 118,734 | | |
| 122,420 | |
| Riches’ affiliated companies | |
| 306,946 | | |
| - | |
| Keemo’s related parties | |
| 554,478 | | |
| - | |
| Related party borrowings | |
$ | 1,081,480 | | |
$ | 161,594 | |
| |
(1) |
The
increase of related party from Hong Zhida was short term loan to Hong Zhida, which is interest free and would be repaid in one year.
|
| |
|
|
| |
(2) |
The
decrease of related party debt from Yang Bihua was mainly due to repayment from Yang Bihua. |
The
borrowing balances of related parties are unsecured, non-interest bearing and repayable on demand.
|