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Related Party Transaction

12 Months Ended

Dec. 31, 2019

6. RELATED PARTY TRANSACTION

As of December 31, 2019, the amount due to the related parties was $1.27 million, which consisted of the followings:

Name of Related Party from Whom Amounts were Received	Amount (US$)		Relationship	Note
Yongke Xue		28,539	Chairman of the Company	Loan payable
Shanchun Huang		71,672	Chief Executive Officer of the Company	Loan payable
Shenzhen TianShunDa Equity Investment Fund Management Co., Ltd.,		573,142	Holds 26.36% of equity shares of SkyPeople China	Interest free loan*
InUnion Chain Ltd. ("INU")		209,957	The Company is the 10% equity shareholder of INU	Accounts payables
Zhi Yan		40,710	Chief Technology Officer of the Company	Loan payable
Jing chen		6,527	Chief Financial Officer of the Company	Payable to employee
Zeyao Xue		310,746	Son of the Chairman of the Company and a shareholder of the Company Chief Operating Officer of the Company	Loan payable
Kai Xu		26,808	Chief Operating Officer of the Company	Payable to employee

As of December 31, 2019, the amount due from the related parties was $3.40 million, which consisted of the followings:

Name of Related Party to Whom the Amounts were Paid	Amount (US$)		Relationship	Note
Shaanxi Chunlv Ecological Agriculture Co. Ltd.		3,356,070	Holds 20.0% interest in CCM logistics	Interest free loan*
Quangoutong Commercial Holdings (Xi'an) Co., Ltd ("Quangoutong")		22,935	Shaanxi Fullmart Convenient Chain Supermarket Co., Ltd. ("Fullmart") holds 16.67% equity of its subsidiary. The subsidiary is 83.33% owned by Quangoutong	Service fee due
Shaanxi Quangou Convenient Island Co. Ltd.		23,828	Fullmart holds 33.33% its equity	Interest free loan*

●	The interest free loans have been approved by the Company's Audit Committee.

In fiscal year 2019, the Company purchased health insurance of $209,958 from InUnion Chain Ltd ("INU"), and the Company is the 10% equity shareholder of INU.

The Company's subsidiary sold fruit beverages to a related entity, Shaanxi Fullmart Convenient Chain Supermarket Co., Ltd. ("Fullmart") for approximately $8,810 for the year ended December 31, 2018. The sales to this related party were consistent with pricing and terms offered to third parties. The remaining accounts receivable balances were $0 as of December 31, 2018. Fullmart is a company indirectly owned by our Chairman and CEO, Mr. Yongke Xue.