12.
Related Party Transaction and Balance
a.
Nature of relationships with related parties
Schedule of Nature Relationships with Related Parties
| Name |
|
Relationship
with the Company |
| Kuan Hua KOH |
|
Controlling shareholder
and director of the Company |
| |
|
|
| Garden City Private Capital
Limited |
|
Major
shareholder of the Company and wholly owned by Kuan Hua KOH |
b.
Transactions with related parties
Schedule
of Transactions with Related Parties
| | |
|
|
| |
2026 | | |
2025 | |
| | |
For the Six Months Ended June 30, | |
| | |
|
|
| |
2026 | | |
2025 | |
| Name | |
|
|
Nature | |
(Unaudited) | | |
(Unaudited) | |
| Kuan Hua KOH | |
(1) |
|
Repayment from a shareholder | |
$ | - | | |
$ | 269,467 | |
| Transactions
with related parties | |
(1) |
|
Repayment from a shareholder | |
$ | - | | |
$ | 269,467 | |
| (1) |
The transactions represented
repayment from a shareholder during the period ended June 30, 2025. |
| |
|
| (2) |
The
transactions represented advances to a shareholder during the period ended June 30, 2025. |
| |
|
(3) |
Trade
financing facilities were guaranteed by the Company’s Chief Executive Officer. For detailed terms regarding this financing
facilities, please refer to Note 8 Short-term Bank Loans. |
Uni-Fuels
Holdings Limited
Notes
to Unaudited Condensed Consolidated Financial Statements
For
the Six Months Ended June 30, 2026 and 2025
|