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RELATED PARTY BALANCES AND TRANSACTIONS
 3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

13. RELATED PARTY BALANCES AND TRANSACTIONS

 

Related party balances

 

Accounts payable

Name of Related
Party		  Relationship  Nature 

As of

March 31, 2022

   As of
December 31, 2021		 
                
CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”)  The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching @ Steve Yap, a director of DSY International Wellness Sdn Bhd  Purchases of products for the provision of complementary health therapies  $8,281   $          - 
Total        $8,281   $- 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

13. RELATED PARTY BALANCES AND TRANSACTIONS (CONT’D)

 

Related party balances

 

Amount due from related parties

 

Name of Related

Party

  Relationship  Nature 

As of

March 31, 2022

   As of
December 31, 2021		 
               
Agape ATP (Asia) Limited (“AATP Asia”)  Mr. How Kok Choong, the CEO and director of the Company is also the sole shareholder and director of AATP Asia  Expenses paid for AATP Asia  $-   $2,214 
Hostastay Sdn. Bhd. (“Hostastay”)  Mr. How Kok Choong, the CEO and director of the Company is also the director of Hostastay  Sublease rent due from Hostastay   4,757    4,790 
Total        $4,757   $7,004 

 

Amount due to a Related Party

 

Name of Related

Party

  Relationship  Nature 

As of

March 31, 2022

   As of
December 31, 2021		 
               
DSY Wellness and Longevity Center Sdn Bhd (“DSYWLC”)  Mr. Yap Foo Ching @ Steve Yap, a director of DSY International Wellness Sdn Bhd is also a director of DSYWLC  Rental due and expenses paid by DSYWLC  $19,341   $         - 
Total        $19,341   $- 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

13. RELATED PARTY BALANCES AND TRANSACTIONS (CONT’D)

 

Related party transactions

 

Purchases

 

Name of Related        For the three months ended 
Party  Relationship  Nature  March 31, 2022   March 31, 2021 
               
CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”)  The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching @ Steve Yap, a director of DSY International Wellness Sdn Bhd  Purchases of products for the provision of complementary health therapies
  $12,012   $     - 
Total        $12,012   $- 

 

Commission

 

Name of Related        For the three months ended 
Party  Relationship  Nature  March 31, 2022   March 31, 2021 
               
Mr. How Kok Choong  Mr. How Kok Choong, the CEO and director of the Company  Commission expense
  $2,762   $3,351 
Total        $2,762   $3,351 

 

Office rental expense

 

Name of Related           For the three months ended  
Party   Relationship   Nature   March 31, 2022     March 31, 2021  
                     
DSY Wellness and Longevity Center Sdn Bhd (“DSYWLC”)   Mr. Yap Foo Ching @ Steve Yap, a director of DSY International Wellness Sdn Bhd is also a director of DSYWLC  

Office rental expense

 

   $ 5,719     $        -  
Total           $ 5,719     $ -  

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

13. RELATED PARTY BALANCES AND TRANSACTIONS (CONT’D)

 

Related party transactions

 

Other income

 

Name of Related        For the Three Months Ended 
Party  Relationship  Nature  March 31, 2022   March 31, 2021 
               
Hostastay Sdn. Bhd. (“Hostastay”)  Mr. How Kok Choong, the CEO and director of the Company is also the director of Hostastay  Sublease rental income due from Hostastay
  $     -   $1,471 
Total        $-   $1,471