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RELATED PARTY BALANCES AND TRANSACTIONS
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

14. RELATED PARTY BALANCES AND TRANSACTIONS

 

Related party balances

 

Amount due from related parties

 

         As of 

Name of Related Party

  Relationship  Nature  March 31, 2025   December 31, 2024 
               
TH3 Holdings Sdn Bhd (“TH3”)  Mr. How Kok Choong, the CEO and director of the Company is also a director of TH3  Prepayment of IT expenses  $3,782   $1,582 
ATPC Lega Global Sdn Bhd (“Lega”)  Mr. How Kok Choong, the CEO and director of the Company is also a director of Lega  General expenses payment on behalf   730    730 
Total        $4,512   $2,312 

 

Accounts payable – related parties

 

         As of 

Name of Related Party

  Relationship  Nature  March 31, 2025   December 31, 2024 
               
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  $33,034   $30,554 
SY Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd)  The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd  Purchases of beauty products   22    71 
Total        $33,056   $30,625 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

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

 

14. RELATED PARTY BALANCES AND TRANSACTIONS (Continued)

 

Related party balances

 

Other payable - related parties

 

         As of 

Name of Related Party

  Relationship  Nature  March 31, 2025   December 31, 2024 
               
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  Purchase of products for general use  $1,118   $494 
Mr. How Kok Choong  Mr. How Kok Choong, the CEO and director of the Company  Commission expense   127    356 
Total        $1,245   $850 

 

Related party transactions

 

Purchases

 

         For the three months ended March 31, 
Name of Related Party  Relationship  Nature  2025   2024 
               
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  $84,338   $81,235 
SY Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd)  The directors and shareholders of Welltech are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd  Purchases of beauty products   52    15,791 
Total        $84,390   $97,026 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

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

 

14. RELATED PARTY BALANCES AND TRANSACTIONS (Continued)

 

Related party transactions

 

Other purchases

 

         For the three months ended March 31, 
Name of Related Party  Relationship  Nature  2025   2024 
               
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  Purchase of products for general use  $1,456   $938 
SY Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd)  The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd  Purchase of products for general use   1,131    2,191 
Total        $2,587   $3,129 

 

Commission

 

         For the three months ended March 31, 
Name of Related Party  Relationship  Nature  2025   2024 
               
Mr. How Kok Choong  Mr. How Kok Choong, the CEO and director of the Company  Commission expense  $394   $732 
Total        $394   $732 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

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

 

14. RELATED PARTY BALANCES AND TRANSACTIONS (Continued)

 

Related party transactions

 

Other income

 

         For the three months ended March 31, 
Name of Related Party  Relationship  Nature  2025   2024 
               
TH3 Holdings Sdn Bhd (“TH3”)
  Mr. How Kok Choong, the CEO and director of the Company is also a director of TH3  Office rental income  $204   $190 
Ando Design sdn Bhd (“Ando”)
  Mr. How Kok Choong, the CEO and director of the Company is also the director of Ando  Office rental income   226    633 
Total        $430   $823 

 

Other expenses

 

         For the three months ended March 31, 
Name of Related Party  Relationship  Nature  2025   2024 
               
TH3 Holdings Sdn Bhd (“TH3”)  Mr. How Kok Choong, the CEO and director of the Company is also a director of TH3  IT support services fee  $14,887   $14,081 
SY Welltech Sdn Bhd (“Welltech”) (formerly known as DSY Beauty Sdn Bhd)  The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd  Purchase of products for general use   -    5 
DSY Wellness and Longevity Center Sdn Bhd (“DSYWLC”)  Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC  Office rental expense   27,150    7,600 
                 
Total        $42,037   $21,686 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

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