| RELATED PARTY BALANCES AND TRANSACTIONS |
15.
RELATED PARTY BALANCES AND TRANSACTIONS
Related
party balances
SCHEDULE OF RELATED PARTY BALANCES AND TRANSACTIONS
Amount
due from related parties of continuing operations
| | |
| |
| |
As
of | |
| Name
of Related Party | |
Relationship | |
Nature | |
June
30, 2026 | | |
December
31, 2025 | |
| | |
| |
| |
| | |
| |
| TH3
Holdings Sdn Bhd (“TH3”) | |
Mr.
How Kok Choong, the CEO and director of the Company is also a director of TH3 | |
Prepayment
of IT expenses | |
$ | 1,780 | | |
$ | 1,849 | |
| Total | |
| |
| |
$ | 1,780 | | |
$ | 1,849 | |
Amount
due from related parties of discontinued operations
| | |
| |
| |
As
of | |
| Name
of Related Party | |
Relationship | |
Nature | |
June
30, 2026 | | |
December
31, 2025 | |
| | |
| |
| |
| | |
| |
| DSY Wellness
& Longevity Center Sdn Bhd (“DSYWLC”) | |
Mr. Yap Foo Ching (Steve Yap),
a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC. | |
General
expenses payment on behalf | |
$ | - | | |
$ | 494 | |
| Mr.
Yap Foo Ching | |
Mr. Yap Foo Ching (Steve
Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC. | |
General
expenses payment on behalf | |
| 148 | | |
| - | |
| Total | |
| |
| |
$ | 148 | | |
$ | 494 | |
Accounts
payable – related parties of discontinued operations
| | |
| |
| |
As
of | |
| Name
of Related Party | |
Relationship | |
Nature | |
June
30, 2025 | | |
December
31, 2025 | |
| | |
| |
| |
| | |
| |
| CTA Nutriceuticals
(Asia) Sdn Bhd (“CTA”) | |
The directors and shareholders
of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchases
of products for the provision of complementary health therapies | |
$ | 31,280 | | |
$ | 37,642 | |
| SY Welltech Sdn Bhd (“Welltech”)
(formerly known as DSY Beauty Sdn Bhd) | |
The directors and shareholders of DSY Beauty
are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd | |
Purchases of beauty
products | |
| - | | |
| 998 | |
Institute
of Complementary
and Traditional Medicine (“ICTM”) | |
Mr. Yap Foo Ching, the
director of DSY Wellness International Sdn Bhd is also a chairman of Institute of Complementary and Traditional Medicine. | |
Rental
of diagnostic & medical equipment | |
| 12,540 | | |
| 9,882 | |
| Total | |
| |
| |
$ | 43,820 | | |
$ | 48,522 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
15.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party balances
Other
payable - related parties of continuing operations
| | |
| |
| |
As
of | |
| Name
of Related Party | |
Relationship | |
Nature | |
June
30, 2026 | | |
December
31, 2025 | |
| | |
| |
| |
| | |
| |
| TH3 Holdings
Sdn Bhd (“TH3”) | |
Mr. How Kok Choong, the CEO and
director of the Company is also a director of TH3 | |
Prepayment
of IT expenses | |
$ | 2,459 | | |
$ | - | |
| Ms. Low Mui Chin | |
Ms. Low Mui Chin, the
director of Cedar ATPC Sdn Bhd | |
Payment on behalf for
selling and event related expenses | |
| - | | |
| 5 | |
| Mr.
How Kok Choong | |
Mr. How Kok Choong,
the CEO and director of the Company | |
Salary,
Commission expense and borrowing from director | |
| 2,054,062 | | |
| 831,709 | |
| Total | |
| |
| |
$ | 2,056,521 | | |
$ | 831,714 | |
Other
payable - related parties of discontinued operations
| | |
| |
| |
As
of | |
| Name
of Related Party | |
Relationship | |
Nature | |
June
30, 2026 | | |
December
31, 2025 | |
| | |
| |
| |
| | |
| |
| DSY Wellness
& Longevity Center Sdn Bhd (“DSYWLC”) | |
Mr. Yap Foo Ching (Steve Yap),
a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC. | |
Rental | |
$ | 3,688 | | |
$ | - | |
| CTA Nutriceuticals (Asia)
Sdn Bhd (“CTA”) | |
The directors and shareholders of CTA are
related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchase of products
for general use | |
| 1,047 | | |
| 256 | |
| Total | |
| |
| |
$ | 4,735 | | |
$ | 256 | |
Related
party transactions
Purchases
from continuing operations
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The directors
of CW are also the directors of Cedar ATPC Sdn Bhd | |
Purchase
of skin care and healthcare products | |
$ | 1,027 | | |
$ | 10,000 | |
| Total purchases | |
| |
| |
$ | 1,027 | | |
$ | 10,000 | |
Purchases
from discontinued operations
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| CTA Nutriceuticals
(Asia) Sdn Bhd (“CTA”) | |
The directors and shareholders
of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchases
of products for the provision of complementary health therapies | |
$ | 32,682 | | |
$ | 86,199 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The directors and shareholders
of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd | |
Purchases
of beauty products | |
| 43 | | |
| 96 | |
| Total purchases | |
| |
| |
$ | 32,725 | | |
$ | 86,295 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
15.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party transactions
Purchases
from continuing operations
| | |
| |
| |
For
the six months ended June
30 , | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The directors
of CW are also the directors of Cedar ATPC Sdn Bhd | |
Purchase
of skin care and healthcare products | |
$ | 2,745 | | |
$ | 10,000 | |
| Total purchases | |
| |
| |
$ | 2,745 | | |
$ | 10,000 | |
Purchases
from discontinued operations
| | |
| |
| |
For
the six months ended June
30 , | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| CTA Nutriceuticals
(Asia) Sdn Bhd (“CTA”) | |
The directors and shareholders
of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchases
of products for the provision of complementary health therapies | |
$ | 117,780 | | |
$ | 172,026 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The directors and shareholders
of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd | |
Purchases
of beauty products | |
| 524 | | |
| 150 | |
| Institute of Complementary and Traditional Medicine (“ICTM”) | |
Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also the chairman of ICTM | |
Rental of diagnostic & medical equipment | |
| 3,777 | | |
| - | |
| Total purchases | |
| |
| |
$ | 122,081 | | |
$ | 172,176 | |
Other
purchases from discontinued operations
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| CTA Nutriceuticals
(Asia) Sdn Bhd (“CTA”) | |
The directors and shareholders
of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchase
of products for general use | |
$ | 1,072 | | |
$ | 648 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The directors and shareholders
of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd | |
Purchase
of products for general use | |
| - | | |
| - | |
| Total other purchases | |
| |
| |
$ | 1,072 | | |
$ | 648 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
15.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party transactions
Other
purchases from discontinued operations
| | |
| |
| |
For
the six months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| CTA Nutriceuticals
(Asia) Sdn Bhd (“CTA”) | |
The directors and shareholders
of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd | |
Purchase
of products for general use | |
$ | 2,754 | | |
$ | 2,129 | |
| SY
Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd) | |
The directors and shareholders
of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd | |
Purchase
of products for general use | |
| - | | |
| 1,151 | |
| Total other purchases | |
| |
| |
$ | 2,754 | | |
$ | 3,280 | |
Commission
from continuing operations
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| Mr.
How Kok Choong | |
Mr. How
Kok Choong, the CEO and director of the Company | |
Commission
expense | |
$ | 188 | | |
$ | 372 | |
| Total commission | |
| |
| |
$ | 188 | | |
$ | 372 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
15.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party transactions
Commission
from continuing operations
| | |
| |
| |
For
the six months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
Mr.
How Kok Choong
| |
Mr. How
Kok Choong, the CEO and director of the Company | |
Commission
expense | |
$ | 351 | | |
$ | 766 | |
| Total commission | |
| |
| |
$ | 351 | | |
$ | 766 | |
Other
income from continuing operations
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| TH3
Holdings Sdn Bhd (“TH3”) | |
Mr. How
Kok Choong, the CEO and director of the Company is also a director of TH3 | |
Rental
income | |
$ | 227 | | |
$ | 207 | |
| Total other income | |
| |
| |
$ | 227 | | |
$ | 207 | |
Other
income from continuing operations
| | |
| |
| |
For
the six months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| Ando Design
Sdn Bhd (“Ando”) | |
Mr. How Kok Choong, the CEO and
director of the Company is also a director of Ando | |
Rental income | |
$ | - | | |
$ | 230 | |
| TH3
Holdings Sdn Bhd (“TH3”) | |
Mr. How Kok Choong,
the CEO and director of the Company is also a director of TH3 | |
Rental
income | |
| 453 | | |
| 414 | |
| Total other income | |
| |
| |
$ | 453 | | |
$ | 644 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
15.
RELATED PARTY BALANCES AND TRANSACTIONS (Continued)
Related
party transactions
Other
expenses from continuing operations
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| TH3 Holdings
Sdn Bhd (“TH3”) | |
Mr. How Kok Choong, the CEO and
director of the Company is also a director of TH3 | |
IT support
services fee | |
$ | 16,014 | | |
$ | 15,271 | |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The directors of CW
are also the directors of Cedar ATPC Sdn Bhd | |
Payment
on behalf for selling and event related expenses | |
| - | | |
| 23,715 | |
| Total other expenses | |
| |
| |
$ | 16,014 | | |
$ | 38,986 | |
Other
expenses from discontinued operations
| | |
| |
| |
For
the three months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| DSY
Wellness and Longevity Center Sdn Bhd (“DSYWLC”) | |
Mr. Yap
Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC | |
Office
rental expense | |
$ | 10,072 | | |
$ | 27,629 | |
| Total other expenses | |
| |
| |
$ | 10,072 | | |
$ | 27,629 | |
Other
expenses from continuing operations
| | |
| |
| |
For
the six months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| TH3 Holdings
Sdn Bhd (“TH3”) | |
Mr. How Kok Choong, the CEO and
director of the Company is also a director of TH3 | |
IT support
services fee | |
$ | 32,821 | | |
$ | 30,421 | |
| Cedar
Wellness Sdn Bhd (“CW”) | |
The directors of CW
are also the directors of Cedar ATPC Sdn Bhd | |
Payment
on behalf for selling and event related expenses | |
| 2,213 | | |
| 23,715 | |
| Total other expenses | |
| |
| |
$ | 35,034 | | |
$ | 54,136 | |
Other
expenses from discontinued operations
| | |
| |
| |
For
the six months ended June
30, | |
| Name
of Related Party | |
Relationship | |
Nature | |
2026 | | |
2025 | |
| | |
| |
| |
| | |
| |
| DSY
Wellness and Longevity Center Sdn Bhd (“DSYWLC”) | |
Mr. Yap
Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC | |
Office
rental expense | |
$ | 30,217 | | |
$ | 55,258 | |
| Total other expenses | |
| |
| |
$ | 30,217 | | |
$ | 55,258 | |
AGAPE
ATP CORPORATION
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
|