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AMOUNT DUE TO RELATED PARTIES
 6 Months Ended
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.