| SCHEDULE OF RELATED PARTY BALANCES AND TRANSACTIONS |
SCHEDULE
OF RELATED PARTY BALANCES AND TRANSACTIONS
| Accounts receivable from related parties (Refer Note 4): | |
As of
June 30, 2026
(Unaudited)
| | |
As of
December 31, 2025
(Audited)
| |
| Accounts receivable, net | |
| | | |
| | |
| - catTHIS Holdings Corp.1 (net of allowance of $ 115,000 as of June 30, 2026 and December 31, 2025) | |
$ | - | | |
$ | - | |
| Total | |
$ | - | | |
$ | - | |
| Accounts receivable from related parties | |
$ | - | | |
$ | - | |
The
above related party receivables are trade in nature and subject to normal trade terms.
| Other receivable from related parties (Refer Note 6): | |
As of June 30, 2026 (Unaudited) | | |
As of December 31, 2025 (Audited) | |
| Other receivable | |
$ | - | | |
$ | 4,742 | |
| Other receivable | |
$ | - | | |
$ | 4,742 | |
As
of December 31, 2025, the other receivable represents proceed from disposal of the subsidiaries receivable from the former Chief Executive
Officer, Chief Financial Officer, President, Secretary, Treasurer and Director, Mr. Chin Chee Seong.
On
March 31, 2026, the Company waived the other receivable of $4,742 due from Mr. Chin Chee Seong related to the disposal of subsidiaries
on October 28, 2025, as the Board determined collection costs would exceed the recovery value.
| Account payable due to a related party (Refer Note 8): | |
As of June 30, 2026 (Unaudited) | | |
As of December 31, 2025 (Audited) | |
| | |
| | |
| |
| Due to a related party: | |
| | | |
| | |
| - GreenPro Financial Consulting Limited2 | |
$ | 285,200 | | |
$ | 285,200 | |
| Due
to a related party | |
$ | 285,200 | | |
$ | 285,200 | |
The
above due to a related party is trade in nature and subject to normal trade terms.
| Other payables due to related parties (Refer Note 9): | |
| | |
| |
| | |
| | |
| |
| - AleeanPeace Group Holding Limited3 | |
| 49,727 | | |
| 20,157 | |
| - Mr. Raymond Lee Siu Kuen4 | |
| 41,928 | | |
| 40,205 | |
| - Mr. Gilbert Loke Che Chan5 | |
| 18,414 | | |
| 15,393 | |
| - Mr. Chin Chee Seong (Former Director and Executive Officer, resigned on June 12, 2025) | |
| - | | |
| 10,271 | |
| - Mr. Tan See Meng (Former Director, resigned on June 12, 2025) | |
| - | | |
| 500 | |
| Total | |
$ | 110,069 | | |
$ | 86,526 | |
| Other payables due to
related parties | |
$ | 110,069 | | |
$ | 86,526 | |
The
above other payables to former directors and executive officers represent salary and director fees payable and advances to the Company
for its operations.
SEATECH
VENTURES CORP.
NOTES
TO CONDENSED FINANCIAL STATEMENTS
FOR
THE SIX MONTHS ENDED JUNE 30, 2026
(Currency
expressed in United States Dollars (“US$”), except for number of shares)
(UNAUDITED)
The
above other payables to AleeanPeace Group Holding Limited, Mr. Raymond Lee Siu Kuen and Mr. Gilbert Loke Che Chan, represent advances
to the Company for its operations.
| | |
As of | | |
As of | |
| Investment in related parties: | |
June 30, 2026 (Unaudited) | | |
December 31, 2025 (Audited) | |
| AsiaFIN Holdings Corp 1 | |
| 1,015 | | |
| 1,015 | |
| catTHIS
Holdings Corp.1 | |
| 1,900 | | |
| 1,900 | |
| Total | |
$ | 2,915 | | |
$ | 2,915 | |
| Investment in related
parties | |
$ | 2,915 | | |
$ | 2,915 | |
For
the period ended June 30, 2026 and 2025, the Company has following transactions with related parties:
| | |
For the period ended June 30, 2026 (Unaudited) | | |
For the period ended June 30, 2025 (Unaudited) | |
| Included in General and administrative are the following expenses to related parties: | |
| | | |
| | |
| | |
| | | |
| | |
| Executives’ compensation: | |
| | | |
| | |
| - Mr. Chin Chee Seong (Former Director and Executive Officer, resigned on June 12, 2025) | |
$ | - | | |
$ | 3,750 | |
| - Mr. Tan See Meng (Former Director, resigned on June 12, 2025) | |
| - | | |
| 1,500 | |
| Total | |
$ | - | | |
$ | 5,250 | |
| Executives’
compensation | |
$ | - | | |
$ | 5,250 | |
| | |
| | | |
| | |
| Non-executive Directors’ compensation: | |
| | | |
| | |
| - Mr. Cheah Kok Hoong (Former Director, resigned on June 12, 2025 | |
| - | | |
| 1,500 | |
| Total | |
$ | - | | |
| 1,500 | |
| Non-executive Directors’ compensation | |
$ | - | | |
| 1,500 | |
| | |
| | | |
| | |
| Company secretary fees: | |
| | | |
| | |
| -Asia UBS Global Limited6 | |
$ | - | | |
$ | 3,000 | |
| -Asia UBS Global Limited6 | |
$ | - | | |
$ | 3,000 | |
| | |
| | | |
| | |
| Professional fees: | |
| | | |
| | |
| - Asia UBS Global Limited6 | |
$ | - | | |
$ | 2,200 | |
| Professional
fees | |
$ | - | | |
$ | 2,200 | |
| 1 |
As of June 30, 2026, the
Company owns 12.26%, and 14.99% of interest in AsiaFIN Holdings Corp. and catTHIS Holdings Corp. respectively. |
| |
|
| 2 |
GreenPro Financial Consulting
Limited is a subsidiary of GreenPro Capital Corp. (GRNQ). GRNQ through its wholly owned subsidiaries, owns 3.46% shareholding in
the Company. |
| |
|
| 3 |
Common management team
between the companies. |
| |
|
| 4 |
Mr. Raymond Lee Siu Kuen
is the Chief Executive Officer of AleeanPeace Group Holding Limited. |
| |
|
| 5 |
Mr. Gilbert Loke Che Chan
is one of the shareholders, owns 1.35% shareholding in the Company. |
| |
|
| 6 |
Asia UBS Global Limited
is a subsidiary of GreenPro Capital Corp. (GRNQ). GRNQ through its wholly owned subsidiaries, owns 3.46% shareholding in the Company. |
|