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Related Party Transaction
 12 Months Ended
Dec. 31, 2024
Related Party Transaction [Abstract]  
RELATED PARTY TRANSACTION

16. RELATED PARTY TRANSACTION

 

As of December 31, 2024, the amount due to the related parties was consisted of the followings:

 

Name  Amount   Relationship  Note
Ming Yi  $8,871   Chief Financial Officer of the Company  Accrued expenses, interest free and payment on demand.
Shanchun Huang   29,036   Member of the BOD,.,Legal person of FTFT UK Limited  Accrued expenses, interest free and payment on demand.
Total  $37,907       

 

As of December 31, 2024, the amount due from the related parties was consisted of the followings:

 

Name  Amount   Relationship  Note
Hu Li  $20,000   Legal person of Future information service (shenZhen)  Loan receivables*, interest free and payment on demand.
Total  $20,000       

 

During 2024, the Company had the following transactions with related parties:

 

Name  Amount   Relationship  Note
JKNDC Limited  $6,933,009   JKNDC LImited’s owner is Tsoi Tsz Leung.  Consultancy fee
Nice Talent Partner Limited   3,000,000   Controlled by NTAM’s BOD CHAN Siu Kei  Consultancy fee

 

As of December 31, 2023, the amount due to the related parties was consisted of the followings:

 

Name  Amount   Relationship  Note
Chao Li  $73,893   Corporate legal representative  Other payables, interest free and payment on demand.
Ming Yi   29,513   Chief Financial Officer of the Company  Accrued expenses, interest free and payment on demand.
Xiaochen Zhao   124   Corporate legal representative  Accrued expenses, interest free and payment on demand.
Total  $103,530       

 

As of December 31, 2023, the amount due from the related parties was consisted of the followings:

 

Name  Amount   Relationship  Note
Kai Xu  $12,151   Deputy General Manager of a subsidiary of the Company  Loan receivables*, interest free and payment on demand.
Total  $12,151       

 

During 2023, the Company had the following transactions with related parties:

 

Name  Amount   Relationship  Note
JKNDC Limited  $7,664   JKNDC LImited’s owner is Tsoi Tsz Leung.  Other income, net
Nice Talent Partner Limited   459,867   Controlled by NTAM’s BOD CHAN Siu Kei  Consultancy fee

 

* The related party transactions have been approved by the Company’s Audit Committee.