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AMOUNT DUE TO RELATED PARTIES | 6 Months Ended
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Jun. 30, 2022
AMOUNT DUE TO RELATED PARTIES |
AMOUNT DUE TO RELATED PARTIES | NOTE 13 – AMOUNT DUE TO RELATED PARTIES
|  | As of June 30, 2022 |  |  | As of December 31, 2021 |
Related parties payable |  | $ | 541,297 |  |  | $ | 745,532 |
Director fee payable |  |  | 576,000 |  |  |  | 360,000 |
|  | $ | 1,117,297 |  |  | $ | 1,105,532 |
The related party balance of $541,297 represented advances and professional expenses paid on behalf by Director, which consists of $300,062 advance from Dai Zheng, $42,000 advance from Li Zhuo, $10,000 from Che Kean Tat and $189,235 office rental advance from Liu Pijun through Zhiding Network Technology (Beijing) Co Limited (“ZNTB”). It is unsecured, interest-free with no fixed payment term and imputed interest is consider to be immaterial. As of June 30, 2022, the director fee payable of $576,000 represented the accrued of director fees from the appointment date to June 30, 2022.

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