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AMOUNT DUE TO DIRECTOR | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
AMOUNT DUE TO DIRECTOR |  |
NOTE 13 - AMOUNT DUE TO DIRECTOR | NOTE 13 - AMOUNT DUE TO DIRECTOR As of June 30, 2021, amount due to related parties consist of the following:
|  | As of June 30, 2021 |  |  | As of December 31, 2020 |
Related parties payable |  | $ | 276,500 |  |  | $ | 276,500 |
Related party loan |  |  | 140,000 |  |  |  | 140,000 |
Director fee payable |  |  | 144,000 |  |  |  | - |
|  | $ | 560,500 |  |  | $ | 416,500 |
The related party balance of $560,500 represented an outstanding loan of $140,000 from the related company owned by Company’s director-Dai Zheng for daily business operation in Singapore, and professional expenses paid on behalf by Director of $276,500 and which consist of $224,500 advance from Dai Zheng, $42,000 advance from Li Zhuo and $10,000 from Che Kean Tat. It is unsecured, interest-free with no fixed payment term and imputed interest is consider to be immaterial. As of June 30, 2021, there were $140,000 of related party loan that are due to the company owned by Mr. Dai, the Chairman of the Board. | NOTE 9 - AMOUNT DUE TO RELATED PARTIES As of December 31, 2020, amount due to related parties consist of the following:
|  | As of December 31, 2020 |  |  | As of December 31, 2019 |
Related parties payable |  |  | 276,500 |  |  |  | 254,515 |
Related party loan |  |  | 140,000 |  |  |  | 1,500,000 |
|  | $ | 416,500 |  |  |  | 1,754,515 |
The related party balance of $416,500 represented an outstanding loan of $140,000 from the related company owned by Company’s director-Dai Zheng for daily business operation in Singapore, and professional expenses paid on behalf by Director of $276,500 and which consist of $224,500 advance from Dai Zheng, $42,000 advance from Li Zhuo and $10,000 from Che Kean Tat. It is unsecured, interest-free with no fixed payment term and imputed interest is consider to be immaterial. The Company have settled related party loan of $650,000 and $710,000 in January 21, 2020 and March 2, 2020 respectively due to cost cutting in business operation in Singapore as a result of change in business plan. As of December 31, 2020, there were $140,000 of related party loan that are due to the company owned by Mr. Dai, the Chairman of the Board.

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