NOTE 13 – RELATED PARTY TRANSACTIONS The table below sets forth the major related parties and their relationships with the Company as of June 30, 2026. | Name of related parties | | Relationship with the Group | | Yin Shenping (Mr. Yin) | | Chairman of the Board | | Beijing Baihengda Petroleum Technology Co., Ltd (Beijing Baihengda) | | Mr. Yin holds 10% equity interest in Beijing Baihengda | The following related party balances are non-interest bearing: | | | June 30, 2026 | | | December 31, 2025 | | | | | (Unaudited) | | | | | | Loan payable – related party: | | | | | | | | Beijing Baihengda (1) | | $ | - | | | $ | 2,645,465 | | | | | $ | - | | | $ | 2,645,465 | | | (1) | Mr. Yin became a 10% equity owner in Beijing Baihengda on March 18, 2025. For financial statements presentation purposes, the original loan payable was reclassified to loan payable - related party. See NOTE 12 – LOAN PAYABLE. |
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