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RELATED PARTY TRANSACTION | 6 Months Ended
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Jun. 30, 2022
RELATED PARTY TRANSACTION |
RELATED PARTY TRANSACTION | NOTE 14 – RELATED PARTY TRANSACTIONS The following is the list of the related parties to which the Company has transactions with:
| (a) | Beijing Zhidingwang Investment Management Limited Partnership (“BZIM”), the entity in which the Group’s CEO, Liu PiJun beneficially own 56% equity interest.
| (b) | Zhiding Network Technology (Beijing) Co Limited (“ZNTB”), the entity in which the Group’s CEO, Liu Pijun beneficially own 78% equity interest and Group’s Director, Li Daxue beneficially own 3% equity interest.
| (c) | Beijing Xingke Datong Technology Co Ltd (“BXDT”), the entity in which the supervisor of a subsidiary company, Deng Liangpeng beneficially own 80% equity interest.
| (d) | Huoerguo Zhufeng Technology Co Ltd (“HZTC”), the entity in which the supervisor of a subsidiary company, Sun Tong beneficially own 46% equity interest.
| (e) | Global Joy Trip (HK) Limited (“Global Joy HK”), the entity in which the Group’s Chairman, Daizheng and Group’s CEO, Liu Pijun are the director, the company has been dissolved in Jan 2021.
Related parties transactions consisted of the following as of the dates indicated.
Name of related party |  | Nature of transaction |  | For the Six months ended June 30, 2022 |  |  | For the year ended December 31, 2021 |
BZIM |  | No transaction during the year |  | NA |  |  | NA |
ZNTB |  | Office rental paid on behalf of the Group |  | $ | 189,235 |  |  |  | 189,235 |
BXDT |  | System service fee |  | $ | 618,119 |  |  |  | 485,190 |
HZTC |  | System service fee |  | $ | 56,716 |  |  |  | 739,016 |
Changtongfu |  | YCloud system fee |  | $ | 288,337 |  |  |  | - |

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