v3.26.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
17.RELATED PARTY TRANSACTIONS

 

Related Parties

 

The table below sets forth the major related parties and their relationships with the Group:

 

No.   Name of Related Parties   Relationship
1   Mr. Goh Kok Foong   Chairman of the Board and CEO of the Company
2   Mr. Goh Kok E   Director and COO of the Company
3   Mrs. Tan Yee Wei   Direct relative of Mr. Goh Kok Foong
4   Zi Wei Yuan (Shen Zhen) Hotpot Restaurant Co., Ltd   An entity controlled by Mr. Goh Kok E
5   CCH Ipoh Sdn. Bhd.   An entity controlled by Mr. Goh Kok E
6   CCH Alor Setar Sdn. Bhd.   An entity controlled by Mr. Goh Kok E
7   CCH F&B Sdn. Bhd.   An entity controlled by Mr. Goh Kok E
8   Signature Tasty Claypot House (Arkadia) Sdn. Bhd.   An entity controlled by Mr. Goh Kok E
9   Signature Tasty Claypot House (BL) Sdn. Bhd.   An entity controlled by Mr. Goh Kok E
10   Abang Adek Holdings Sdn. Bhd.   An entity controlled by Mr. Goh Kok E
11   CCH (Sabah) Sdn. Bhd.   An entity significantly influenced by the Group
12   CCH KCH Sdn. Bhd.   An entity significantly influenced by the Group
13   CCH Tasty Sdn. Bhd.   An entity significantly influenced by the Group
14   Kopitan Classic Sdn. Bhd.   An entity under control by Mr. Goh Kok E and Mr. Goh Kok Foong
15   Kopitan Food Sdn. Bhd.   An entity under control by Mr. Goh Kok E and Mr. Goh Kok Foong
16   Ban Bu Dian (M) Sdn. Bhd.   Subsidiary of CCH F&B Sdn. Bhd., which is under control of Mr. Goh Kok E
17   Grizzly Spirit Sdn. Bhd.   Subsidiary of CCH F&B Sdn. Bhd., which is under control of Mr. Goh Kok E
18   Trident Consultancy Pte Ltd   An entity under control by Mr. Lim Soon Huat who is a major shareholder of the Company
19 　 Hong Woi Tat Trading Sdn. Bhd. 　 An entity of which Mr. Goh Kok Foong serves as CEO

Amounts due from/to related parties

 

Amounts due from/to related parties consisted of the following for the periods indicated:

 

   As of December 31, 
   2024   2025 
Amounts due from related parties, current        
Hong Woi Tat Trading Sdn. Bhd.(1)  $
-
   $2,613,686 
Ban Bu Dian (M) Sdn. Bhd.(2)   140,527    606,850 
Zi Wei Yuan (Shen Zhen) Hotpot Restaurant Co., Ltd   340,772    407,263 
CCH Alor Setar Sdn. Bhd.   243,235    318,250 
CCH F&B Sdn. Bhd.   175,740    277,377 
CCH Ipoh Sdn. Bhd.   269,021    226,577 
CCH (Sabah) Sdn. Bhd.   110,468    193,132 
Kopitan Classic Sdn. Bhd.   202,236    171,708 
Signature Tasty Claypot House (Arkadia) Sdn. Bhd.   56,180    155,956 
CCH KCH Sdn. Bhd.   66,083    132,853 
Mr. Goh Kok Foong   488,921    30,202 
Mr. Goh Kok E   500,432    2,959 
Others   103,904    135,402 
Total amounts due from related parties, current (3)  $2,697,519   $5,272,215 
           
Amounts due from related parties, non-current          
Zi Wei Yuan (Shen Zhen) Hotpot Restaurant Co., Ltd (4)  $489,274   $539,154 
Abang Adek Holdings Sdn. Bhd. (5)   238,617    262,944 
Total amounts due from related parties, non-current  $727,891   $802,098 
           
Amounts due to related parties, current          
Mr. Goh Kok E  $671   $136,875 
Mr. Goh Kok Foong   38,036    113,173 
Ban Bu Dian (M) Sdn. Bhd.   32,204    53,914 
Kopitan Food Sdn. Bhd.   98,275    30,519 
Others   7,889    45,575 
Total amounts due to related parties, current  $177,075   $380,056 

Material related party transactions

 

   For the years ended December 31, 
   2023   2024   2025 
Sales of food ingredients and condiments            
Ban Bu Dian (M) Sdn. Bhd.   127,109    77,379    196,190 
CCH F&B Sdn. Bhd.   105,840    97,622    96,930 
CCH Tasty Sdn. Bhd.   89,661    108,783    59,311 
CCH Alor Setar Sdn. Bhd.   70,663    95,672    58,717 
Signature Tasty Claypot House (Arkadia) Sdn. Bhd.   57,484    44,541    54,192 
CCH Ipoh Sdn. Bhd.   232,256    100,417    42,035 
CCH (Sabah) Sdn. Bhd.   24,956    19,576    26,250 
CCH KCH Sdn. Bhd.   74,482    17,307    13,697 
Grizzly Spirit Sdn. Bhd.   90,698    25,847    - 
Kopitan Classic Sdn. Bhd.   
-
    47,444    
-
 
Signature Tasty Claypot House (BL) Sdn. Bhd.   35,359    
-
    
-
 
                
Franchise licensing income from related parties               
Ban Bu Dian (M) Sdn. Bhd.  $22,404   $13,513   $138,269 
CCH (Sabah) Sdn. Bhd.   37,451    37,209    44,014 
Zi Wei Yuan (Shen Zhen) Hotpot Restaurant Co., Ltd   28,854    303,716    36,353 
CCH Tasty Sdn. Bhd.   32,954    42,550    23,623 
CCH F&B Sdn. Bhd.   19,563    17,392    16,457 
CCH KCH Sdn. Bhd.   9,320    19,225    12,390 
CCH Alor Setar Sdn. Bhd.   12,502    15,854    9,619 
CCH Ipoh Sdn. Bhd.   55,058    20,009    8,460 
                
Interest-free loans to related parties               
Hong Woi Tat Trading Sdn. Bhd.  $
-
   $
-
   $3,189,418 
Ban Bu Dian (M) Sdn. Bhd.   
-
    
-
    335,614 
CCH KCH Sdn. Bhd.   92,366    5,230    30,654 
CCH Tasty Sdn. Bhd.   41,249    
-
    16,339 
Kopitan Food Sdn. Bhd.   
-
    21,859    11,664 
Mr. Goh Kok E   149,026    102,907    2,803 
Mr. Goh Kok Foong   
-
    633,921    
-
 
                
Collection of interest-loans to related parties               
Hong Woi Tat Trading Sdn. Bhd.  $
-
   $
-
   $841,178 
Mr. Goh Kok Foong   470,127    570,463    549,707 
Mr. Goh Kok E   
-
    55,408    509,280 
CCH Ipoh Sdn. Bhd.   
-
    
-
    98,811 
Kopitan Classic Sdn. Bhd.   
-
    
-
    52,227 
Ban Bu Dian (M) Sdn. Bhd.   
-
    
-
    51,332 
                
Capital injection to related parties               
CCH KCH Sdn. Bhd.  $
-
   $87,437   $
-
 
CCH (Sabah) Sdn. Bhd.   
-
    30,603    
-
 
CCH Tasty Sdn. Bhd.   
-
    17,487    
-
 
                
Long-term interest-free loans to related parties               
Zi Wei Yuan (Shen Zhen) Hotpot Restaurant Co., Ltd  $
-
   $478,022    
-
 
Abang Adek Holdings Sdn. Bhd.   53,975    104,488    
-
 
                
Deemed distribution to a related party               
Trident Consultancy Pte Ltd  $
-
   $
-
   $1,833,000 

 

(1)In 2025, the Group provided an interest-free credit facility, due on demand, to Hong Woi Tat Trading Sdn. Bhd. (“Hong Woi Tat”) of US$3,189,418 (MYR13,653,580) to support its operations. As of December 31, 2025, the outstanding amounts of the credit facility was US$2,613,686 (MYR10,601,110).

 

(2)In 2025, the Group provided interest-free loans, due on demand, to Ban Bu Dian (M) Sdn. Bhd. (“Ban Bu Dian”) of US$335,614 (MYR1,436,729) to support its operations. As of December 31, 2025, the outstanding amounts due from Ban Bu Dian was US$ 606,850 (MYR2,461,383).
(3)The balance of amounts due from related parties, current mainly includes interest-free loans which are due on demand and receivables arising from sales transactions with related parties.

 

(4)The Group provided an interest-free credit facility to Zi Wei Yuan (Shen Zhen) Hotpot Restaurant Co., Ltd (“Zi Wei Yuan (Shen Zhen)”) of US$542,406 (MYR2,200,000) to support its operations, and the maturity date of this interest-free credit facility is August 1, 2028. As of December 31, 2024 and 2025, the outstanding amounts of the credit facility were US$489,274 (MYR2,186,809) and US$539,154 (MYR2,186,809), respectively.

 

(5)The Group provided an interest-free credit facility to Abang Adek Holdings Sdn. Bhd. (“Abang Adek”) of US$262,944 (RM 1,066,500) to support its operations, and the maturity date of this interest-free credit facility is July 16, 2027. As of December 31, 2024 and 2025, the outstanding amounts of the credit facility were US$238,617 (RM 1,066,500) and US$262,944 (MYR1,066,500).

 

Loan/Debt Guaranteed by related parties

 

Certain principal shareholders, directors, and key management personnel of the Group provide personal, joint and several guarantees to secure various financing obligations, short-term borrowings, and merchant cash advances of the Group. For detailed descriptions of the underlying borrowing arrangements, outstanding balances, and specific related-party guarantors involved, please refer to Note 10 – Borrowings and Note 14 – Liability related to sale of future receivables.