v3.26.1
Amount Due to Director
6 Months Ended
Jun. 30, 2026
Amount Due to Director [Abstract]  
AMOUNT DUE TO DIRECTOR

8. AMOUNT DUE TO DIRECTOR

 

As of June 30, 2026 and December 31, 2025, the Company had an outstanding amount due to director amounted $51,878 and $89,178 respectively, mainly consist of a loan from Mr. Kai Cheong Wong for the acquisition of property. On March 1, 2022, the Company, through its subsidiary, entered into a loan agreement with its director, Mr. Kai Cheong Wong, to finance the acquisition of a property in the amount of approximately $356,769. The loan has a tenure of 60 months and bears interest at a fixed flat rate of 1.00% per annum for the first year, 1.50% per annum for the second year, and 4.00% per annum for the remaining term. The first installment commenced on April 1, 2022, with monthly installments of approximately $5,946. For the quarter ended June 30, 2026 and 2025, the Company repaid interest totaling $584 and $1,041, respectively, to the director.

 

Aforementioned amount is unsecured, interest bearing and payable on demand or with tenure of 60 months.