NOTE 12 - RELATED PARTY TRANSACTIONS The table below sets the major related parties and their relationships with the Company: | Name of related parties | | Relationship with the Company | | Yingkai Xu | | Serving as a shareholder, CEO and Chairman of the Board of Directors of Mingteng International, as well as the husband of the board member, Jingzhu Ding. | | Jingzhu Ding | | Serving as a shareholder and Director of Mingteng International, wife of the CEO and Chairman. | | Wuxi Kaiteng Mold Factory | | Ms. Jingzhu Ding owns 100% equity interest. | Significant transactions with related parties were as follows: | | | For the Six Months Ended
June 30, | | | | | 2026 | | | 2025 | | | | | (Unaudited) | | | (Unaudited) | | | Purchase from related parties: | | | | | | | | Wuxi Kaiteng Mold Factory(1) | | $ | 151,947 | | | $ | 187,231 | | | Subtotal | | $ | 151,947 | | | $ | 187,231 | | | (1) | The Company purchases processing services from Wuxi Kaiteng Mold Factory. | The following represented related party balances as of June 30, 2026 and December 31, 2025: | | | As of
June 30, | | | As of
December 31, | | | | | 2026 | | | 2025 | | | | | (Unaudited) | | | | | | Amounts due to related parties | | | | | | | | Wuxi Kaiteng Mold Factory | | $ | 239,105 | | | $ | 308,822 | | | Subtotal | | $ | 239,105 | | | $ | 308,822 | | Amounts due to Wuxi Kaiteng Mold Factory represent amounts provided for processing services that the Company purchased from Wuxi Kaiteng Mold Factory.
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