| SCHEDULE OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES |
The
summary of amounts due from and due to related parties is presented as follows:
SCHEDULE
OF AMOUNT DUE FROM AND DUE TO RELATED PARTIES
| | |
| |
| | | |
| | |
| | |
| |
As of | |
| | |
| |
June 30, 2026 | | |
December 31, 2025 | |
| Due from related parties consist of the following: | |
| | |
| |
| Ours Media Limited (“Ours Media”) | |
Due from related party | |
$ | — | | |
$ | 31,874 | |
| S T MENG PTE. LTD. (“S T Meng”) | |
Due from related party | |
| — | | |
| 45,767 | |
| Due
from related parties | |
Other receivables | |
| — | | |
| 77,641 | |
| | |
| |
| | | |
| | |
| Due to related parties consist of the following: | |
| |
| | | |
| | |
| Ms. Nga Fan Wong (“Ms. Wong”)1 | |
Due to former director | |
$ | 206,023 | | |
$ | 343,529 | |
| Ms. Ho Ling Honnus Cheung (“Ms. Cheung”)2 | |
Due to former director | |
| 23,582 | | |
| 23,762 | |
| Mr. Liqian Liao (“Mr. Liao”)2 | |
Due to former director | |
| 23,582 | | |
| 23,762 | |
| Ms. Rose Ellen Steinberg (“Ms. Steinberg”)2 | |
Due to former director | |
| 28,394 | | |
| 25,054 | |
| Mr. Toh Eng Yong Julius (“Mr. Toh”)2 | |
Due to director | |
| 40,599 | | |
| 659 | |
| Mr. Tang Kai Di (“Mr. Tang”)2 | |
Due to director | |
| 5,653 | | |
| 659 | |
| Mr. Fong Jia Long (“Mr. Fong”)2 | |
Due to director | |
| 3,232 | | |
| — | |
| Ms. Vong Hai Wai Mimi (“Ms. Vong”)2 | |
Due to director | |
| 3,232 | | |
| — | |
| Ours Media Limited (“Ours Media”) | |
Due to related party | |
| 74,108 | | |
| — | |
| S T MENG PTE. LTD. (“S T Meng”) | |
Due to related party | |
| 408,710 | | |
| | |
| Ours Media Hong Kong Limited (“Ours Media HK”) | |
Due to related party | |
| 108,296 | | |
| 85,053 | |
| Discovery Networks Asia-Pacific Pte Ltd. (“DNAP”) | |
Loan from related party | |
| 1,258,252 | | |
| 1,232,182 | |
| Due to related parties | |
| |
$ | 2,183,663 | | |
$ | 1,734,660 | |
| 1 | As of June 30, 2026 and
December 31, 2025, the amounts due to Ms. Wong, the Company’s former Chief Executive Officer, are $206,023 and $343,529,
respectively, which are unsecured, interest free and have no fixed terms of repayment. |
| 2 | As of June 30, 2026 and
December 31, 2025, the amounts due to Ms. Cheung, Mr. Liao, Ms. Steinberg, Mr. Toh, Mr. Tang, Mr. Fong and Ms. Vong are in aggregate
of $128,274 and $73,896, respectively, which are unsecured, interest free and repayable on demand. |
|
| SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES |
In
addition to the transactions and balances detailed elsewhere in these unaudited condensed consolidated financial statements, the Company
had the following transactions with related parties:
SCHEDULE
OF TRANSACTIONS WITH RELATED PARTIES
| | |
| | | |
| | |
| | |
Six months ended June 30, | |
| | |
2026 | | |
2025 | |
| Revenue from related parties | |
$ | — | | |
$ | 221 | |
| Cost of revenue to related party | |
$ | 423 | | |
| — | |
| Rental expenses paid to related parties | |
$ | 8,980 | | |
$ | 53,902 | |
| Loan interest expenses paid to related parties | |
$ | 35,334 | | |
$ | 35,600 | |
|