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Related Party Balances and Transactions (Superior Living SDN. BHD.)
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Dec. 31, 2019
Related Party Balances and Transactions

9. RELATED PARTY TRANSACTIONS

 

The Company’s related party list and relationship are as follows:

 

Related parties   Relationships
     
Agape S.E.A. Sdn Bhd   Mr. How Kok Choong, the CEO and director of the Company is also the sole shareholder and director of Agape S.E.A. Sdn Bhd
     
Agape Superior Living Pty Ltd   Mr. How Kok Choong, the CEO and director of the Company is a 51% shareholder and a director of Agape Superior Living Pty Ltd
     
Agape Superior Living Sdn Bhd   Mr. How Kok Choong, the CEO and director of the Company is also the sole shareholder and director of Agape Superior Living Sdn Bhd
     
Agape ATP (Asia) Limited   Mr. How Kok Choong, the CEO and director of the Company is also the sole shareholder and director of Agape ATP (Asia) Limited.

 

Related party transactions for the three months ended March 31, 2020 and 2019; and as of March 31, 2020, and December 31, 2019 are as per table below:

 

    For the three months ended     As of  
    March 31, 2020     March 31, 2019     March 31, 2020     December 31, 2019  
    (Unaudited)     (Unaudited)     (Unaudited)        
    Revenue     Accounts Receivable, Trade  
                         
Agape S.E.A. Sdn Bhd   $               -     $ 464,297     $ 523,141     $ 520,786  

 

    Expenses paid on behalf     Amount due from a related party  
                         
Agape ATP (Asia) Limited   $ -     $ 2,200     $ 2,227     $ 2,217  

  

    Sundry Purchases     Prepayments and Deposits  
                         
Agape Superior Living Pty Ltd   $ -     $ -     $ 2,783     $ -  

8. RELATED PARTY TRANSACTIONS

 

The Company’s related party list and relationship are as follows:

 

Related parties   Relationships
     
Agape S.E.A. Sdn Bhd   Mr. How Kok Choong, the CEO and director of the Company is also the sole shareholder and director of Agape S.E.A. Sdn Bhd
     
Agape Superior Living Pty Ltd   Mr. How Kok Choong, the CEO and director of the Company is a 51% shareholder and a director of Agape Superior Living Pty Ltd

  

 

Agape Superior Living Sdn Bhd   Mr. How Kok Choong, the CEO and director of the Company is also the sole shareholder and director of Agape Superior Living Sdn Bhd
     
Agape ATP (Asia) Limited   Mr. How Kok Choong, the CEO and director of the Company is also the sole shareholder and director of Agape ATP (Asia) Limited.
     
Greenpro Capital Corp.  

Greenpro Capital Corp., through its wholly owned subsidiaries (collectively “Greenpro”), is an approximately 4.7% shareholder in the Company. Greenpro Venture Capital Limited is owned by Greenpro Capital Corp. The controlling shareholders of Greenpro Capital Corp. are Mr. Lee Chong Kuang and Mr. Loke Che Chan.

 

Mr. How Kok Choong, the CEO and director of the Company is also the director of Greenpro Capital Corp. Mr. How Kok Choong ceased to be the director of Greenpro Capital Corp. in November 2018.

 

Related party transactions as of and for six months ended December 31, 2019 and 2018 are as per table below:

 

    For the six months ended     As of  
    December 31, 2019     December 31, 2018     December 31, 2019     December 31, 2018  
          (Unaudited)           (Unaudited)  
    Revenue     Accounts Receivable, Trade  
                                 
Agape S.E.A. Sdn Bhd   $ 429,362     $ 685,288     $ 520,786     $           -  

 

    Professional fee     Accounts Payable, Non-trade  
                                 
Greenpro Capital Corp.   $ -     $ 4,500     $ -     $ -  

 

    Expenses paid on behalf     Amount due from a related party  
                                 
Agape ATP (Asia) Limited   $ -     $ -     $ 2,217     $ -  

  

Related party transactions as of and for years ended June 30, 2019 and 2018 are as per table below:

 

    Years ended     As of  
    June 30, 2019     June 30, 2018     June 30, 2019  
    Revenue     Accounts Receivable,
Trade		  
Agape S.E.A. Sdn Bhd   $ 1,524,596     $ 487,005     $ 433,338  
Agape Superior Living Pty Ltd     21,461       -       -  
Total   $ 1,546,057     $ 487,005     $ 433,338  

 

    Professional fee    

Accounts Payable,

Non-trade

  
Greenpro Capital Corp.   $ 12,000     $ 214,883     $           -  

 

    Company Secretarial fee    

Accounts Payable,

Non-trade

  
Greenpro Capital Corp.   $ 3,282     $ 292     $            -  

 

    License fee    

Accounts Payable,

Non-trade

  
Greenpro Capital Corp.   $ 1,509     $ -     $           -  

 

    Incorporation fee    

Accounts Payable,

Non-trade

  
Greenpro Capital Corp.   $ -     $ 1,419     $           -  

 

    Expenses paid on behalf    

Amount due from

A related party

  
Agape Superior Living Sdn Bhd   $ -     $ 745     $         -  

 

    Expenses paid on behalf    

Amount due from

A related party

  
Agape ATP (Asia) limited   $ 2,210     $ -     $ 2,210  

 

    Sundry purchases    

Accounts Payable,

Non-trade

  
Agape Superior Living Pty Ltd   $ 35,145     $ -     $ 35,145  

  
Superior Living SDN. BHD. [Member]      
Related Party Balances and Transactions

9 – Related Party Balances and Transactions

 

Other Receivable – Related Parties

 

Name of Related Party   Relationship   Nature   March 31, 2020     December 31, 2019  
                     
Agape Singapore   Mr. How Kok Choong, the CEO and director of the Company   Fees paid for Agape Singapore   $ 9,994     $ 10,586  
How Academy Sdn Bhd   Mr. How Kok Choong, the director of the Company   Paid advance to How Academy for business operational expenses     21,716       23,004  
Redboy Picture Sdn Bhd   Mr. How Kok Choong, the director of the Company   Paid advance to Redboy for business operational expenses     123,019       132,141  
TH3 Technology Sdn Bhd   Mr. How Kok Choong, the director of the Company   Paid advance to TH3 for business operational expenses     64,392       68,211  
Total           $ 219,121     $ 233,942  

 

Accounts Payable - Related Party

 

Name of Related Party   Relationship   Nature   March 31, 2019     December 31, 2019  
                     
Agape ATP International Holding Limited   Mr. How Kok Choong, the CEO and director of the Company   Purchase   $ 491,628     $ 520,786  
Total           $ 491,628     $ 520,786  

 

Other Payables - Related Party

 

Name of Related Party   Relationship   Nature   March 31, 2019     December 31, 2019  
                     
Agape Superior Living Pty Ltd, Taiwan   Mr. How Kok Choong, the CEO and director of the Company   Printing of product label expenses   $    -     $ 12,104  
Total           $ -     $ 12,104  

 

Purchases

 

Name of Related Party   Relationship   Nature   For the Three Months Ended March 31, 2020     For the Three Months Ended March 31, 2019  
                     
Agape ATP International Holding Limited   Mr. How Kok Choong, the CEO and director of the Company   Purchases   $    -     $ 464,297  
Total           $ -     $ 464,297  

 

  
9- RELATED PARTY BALANCES AND TRANSACTIONS

 

Other receivable – related parties

 

Name of Related Party   Relationship   Nature   December 31, 2019     December 31, 2018  
                     
Agape Singapore   Mr. How Kok Choong, the CEO and director of the Company   Fees paid for Agape Singapore   $ 10,586     $ 10,490  
How Academy Sdn. Bhd.   Mr. How Kok Choong, the director of the Company   Fees paid for How Academy     23,004       -  
  Redboy Picture Sdn Bhd   Mr. How Kok Choong, the director of the Company   Paid advance to Redboy for business operational fees   $ 132,141     $ -  
TH3 Technology Sdn Bhd   Mr. How Kok Choong, the director of the Company   Paid advance to TH3 for business expenses     68,211       -  
Dato Sri How   Principal Owner, Board and CEO of the Company   Expenses paid for Mr. How     -       104,735  
Total           $ 233,942     $ 115,225  
                             

 

Prepayment - Related Party

 

Name of Related Party   Relationship   Nature   December 31, 2019     December 31, 2018  
                     
Agape ATP International Holding Limited   Mr. How Kok Choong, the CEO and director of the Company   Prepayment for Purchase   $      -     $ 214,701  
Total           $ -     $ 214,701  

 

Accounts Payable - Related Party

 

Name of Related Party   Relationship   Nature   December 31, 2019     December 31, 2018  
                     
Agape ATP International Holding Limited   Mr. How Kok Choong, the CEO and director of the Company   Purchase   $ 520,786     $      -  
Total           $ 520,786     $ -  

 

Other Payables - Related Parties

 

Name of Related Party   Relationship   Nature   December 31, 2019     December 31, 2018  
                     
Agape Superior Living Pty Ltd, Taiwan   Mr. How Kok Choong, the CEO and director of the Company   ATP Printing Label fees   $ 12,104     $ 4,376  
Total           $ 12,104     $ 4,376  

 

Purchases

 

Name of Related Party   Relationship   Nature  

For the

Year ended

December 31, 2019

    

For the

Year ended December 31, 2018

  
                     
Agape ATP International Holding Limited   Mr. How Kok Choong, the CEO and director of the Company   Purchases   $ 1,268,670     $ 685,288  
Total           $ 1,268,670     $ 685,288