| Schedule of Relationships with Related Parties |
Relationships
with related parties
Schedule
of Relationships with Related Parties
| Name |
|
Relationship |
| Mr.
Cheung Ching Ping* |
|
Shareholder
and former Director of the Company |
| Mr.
Cheung Chi Ping** |
|
Shareholder
and former Director of the Company |
| * |
|
On
January 28, 2026, Mr. Cheung Ching Ping resigned as Chairman of the Board and a Director of the Board, effective as of January 29,
2026. |
| |
|
|
| ** |
|
On
January 28, 2026, Mr. Cheung Chi Ping resigned as a Director of the Board, effective as of January 29, 2026. |
|
| Schedule of Amount Due to Related Parties |
Amounts
due to related parties consist of the following:
Schedule
of Amount Due to Related Parties
| | |
| |
June 30, | | |
December 31, | |
| Name | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| (Unaudited) | | |
| (Audited) | |
| Mr. Cheung Ching Ping | |
Director’s remuneration(1) | |
| - | | |
| 100,000 | |
| Mr. Cheung Ching Ping | |
Payment of operating costs on behalf of the Company | |
| - | | |
| 12,789 | |
| Mr. Cheung Chi Ping | |
Director’s remuneration(2) | |
| - | | |
| 100,000 | |
| Mr. Cheung Chi Ping | |
Repayment of borrowings on behalf of the Company | |
| - | | |
| 3,809 | |
| | |
| |
$ | - | | |
$ | 216,598 | |
Notes:
| (1) |
For
the six months ended June 30, 2026 and 2025, the Company charged $75,000 and $30,000, respectively, as director’s remuneration/
salaries to Mr. Cheung Ching Ping and recognized under salaries and benefits on the statements of operations. The balance is interest-free,
unsecured and repayable on demand. As of December 31, 2025, the director’s remuneration payable to Mr. Cheung Ching Ping of
$100,000 was fully settled in January 2026. |
| |
|
| (2) |
For
the sake of compensating Mr. Cheung Chi Ping’s involvement in the daily operations and management of golf operations of the
Company, director’s remuneration was granted by the Company every year based on the performance of the Company. For the six
months ended June 30, 2026 and 2025, the Company charged $75,000 and $30,000, respectively, as director’s remuneration/ salaries
to Mr. Cheung Chi Ping and recognized under salaries and benefits on the statements of operations. The balance is interest-free,
unsecured and repayable on demand. As of December 31, 2025, the director’s remuneration payable to Mr. Cheung Chi Ping of $100,000
was fully settled in January 2026. |
|