| Related party transactions |
24.
Related party transactions
(a)
Parent and ultimate controlling party
Jing-Bin
Chiang and his family who directly and indirectly owns 49.08% equity interest in the Company as of June 30, 2026 (December 31, 2025:
55.81%).
(b)
Names of related parties and relationship
| Names
of related parties |
|
Relationship
with the Company |
|
Notes |
| YMA
DG |
|
N/A |
|
a) |
| Forwell |
|
N/A |
|
a) |
| Jing-Bin
Chiang |
|
Key
management |
|
|
| Yu-Ning
Chiang |
|
Key
management |
|
|
| a) | On
April 1, 2023, the Group sold 80.5% of its equity interests in both YMA DG and Forwell. In
2025, the Group completed its exit from China operations and fully wrote off and derecognized
all remaining assets and operational interests associated with these entities. |
(ii)
Purchase of goods:
Schedule of purchase of goods
| | |
Six
months ended June
30, 2026 | | |
Six
months ended June
30, 2025 | |
| Purchase of goods | |
| | | |
| | |
| YMA DG | |
$ | 315,391 | | |
$ | 2,266,789 | |
| Total
purchase of goods | |
$ | 315,391 | | |
$ | 2,266,789 | |
Goods
are purchased based on the prices and terms that would be available to third parties.
(d)
Guarantees provided by related parties:
(i)
The provision of credit lines used from loans guaranteed by key management is as follows:
Schedule of endorsements and guarantees provided by
related parties
| | |
As of | | |
As of | |
| | |
June
30, 2026 | | |
December
31, 2025 | |
| Guaranteed by key management | |
| | |
| |
| Short-term loans | |
$ | 2,579,175 | | |
$ | 2,741,552 | |
| Long-term loans | |
| 4,926,588 | | |
| 1,652,258 | |
| Guaranteed by key management | |
$ | 7,505,763 | | |
$ | 4,393,810 | |
(e)
Key management compensation
Schedule
of key management compensation
| | |
Six
months ended June
30, 2026 | | |
Six
months ended June
30, 2025 | |
| compensation | |
| | |
| |
| Salaries and other short-term employee
benefits | |
$ | 325,543 | | |
$ | 305,860 | |
| Post-employment benefits | |
| 4,828 | | |
| 4,518 | |
| Share-based payments | |
| 1,134,787 | | |
| 65,856 | |
| Compensation | |
$ | 1,465,158 | | |
$ | 376,234 | |
|