v3.26.3
RELATED PARTY BALANCES AND TRANSACTIONS
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

 

11. RELATED PARTY BALANCES AND TRANSACTIONS

 

Related party balances consisted of the following:

      
   As of
   June 30, 2026  December 31, 2025
       
Due to Porta Capital Limited (“Porta Capital”)  $1,050,202   $1,051,220 
Due to Bru Haas (B) Sdn Bhd (“Bru Haas (B)”)   2,498,076    2,300,518 
Due to Bru Haas Sdn Bhd (“Bru Haas”)   116,310    107,977 
Due from Veo Edge Technology Limited   (642)   – 
Due (from) to Clicque Technology Sdn Bhd (“Clicque”)   (8,924)   (9,074)
Due to directors   251,826    253,142 
Due to former subsidiary - Leet Entertainment Group Limited (“Leet HK”)   414,814    414,814 
   $4,321,662   $4,118,597 

 

Mr. Song is the director and major shareholder of the Company, and he is also the major shareholder of Porta Capital, Bru Haas (B), Bru Haas, Tila Network, Clicque Technology Sdn Bhd, Veo Edge Technology Limited and Porta Network. Amount due to these related companies are those trade and non-trade payables arising from transactions between the Company and the related companies, such as advances made by the related companies on behalf of the Company, and advances made by the Company on behalf of the related companies. Those advances are unsecured, non-interest bearing and have no fixed terms of repayment. The advances to Mr. Song are mainly for working capital purpose.

 

In the ordinary course of business, during the six months ended June 30, 2026 and 2025, the Company involved with certain transactions, either at cost or current market prices and on the normal commercial terms among related parties. The following table provides the transactions with these parties for the years as presented (for the portion of such period that they were considered related):

      
   Six months ended June 30,
Nature of transactions with related parties  2026  2025
       
Research and development consulting fee to related parties:          
- Porta Capital  $–   $18,146 
           
Rent expense of Matchroom platform server to related parties:          
- Porta Capital  $–   $57,461 
- Bru Haas (B)   –    120,543 
- Clicque   –    37 
Total  $–   $178,041 
           
Network Bandwidth expense to Bru Haas (B)  $–   $108,489 
           
Director fee          
- Ganesha  $–   $6,858