v3.26.3
SIGNIFICANT RELATED PARTY BALANCE AND TRANSACTION
6 Months Ended
Jun. 30, 2026
Notes and other explanatory information [abstract]  
SIGNIFICANT RELATED PARTY BALANCE AND TRANSACTION

 

21 SIGNIFICANT RELATED PARTY BALANCE AND TRANSACTION

 

Related companies in these consolidated financial statements refer to members of the ultimate holding company’s group of companies.

 

Some of the Company’s transactions and arrangements are between members of the group and the effect of these on the basis determined between the parties is reflected in these consolidated financial statements. The intercompany balances are unsecured, interest-free and repayable on demand, unless otherwise stated.

 

Some of the group’s transactions and arrangements are with related parties and the effect of these on the basis determined between the parties is reflected in these consolidated financial statements. The balances are unsecured, interest-free and repayable on demand unless otherwise stated.

 

         June 30, 2026   December 31, 2025 
Name  Relationship  Nature  USD   USD 
TUTU Business Services Limited (BVI)  Controlling Shareholder  Amounts due to an ultimate beneficial shareholder   451,593    289,029 
                 
Ms. Liying Wang  Ultimate beneficial shareholder  Amounts due to an ultimate beneficial shareholder   21,667    21,667 
                 
      Amounts due to an ultimate beneficial shareholder   473,260    310,696 

 

The Company did not have any outstanding to any officers or directors as of June 30, 2026, and it does not expect to provide long terms loans or credit facilities to officers and directors.

 

Transactions with related parties

 

No significant related party transactions for the period ended June 30, 2026.