RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

The related party transactions are summarized as follows:


	Years Ended December 31,
	2021		2020
	US$		US$
Revenues resulting from related parties:
Sales to Chengdu Wetouch Technology Co., Ltd (“Chengdu Wetouch”)		10,483		-
Sales to Meishan Wetouch Electronics Technology Co., Ltd. (“Meishan Wetouch”)		87,367		-
Total revenue	$	97,850	$	-

Amounts due from related parties are as follows:

Amounts due

from related

parties

Relationship

December 31,

2021

December 31,

2020

Note

Vision Touch Technology AG

100% owned by Mr. Yong Yang, Sales Director of Sichuan Wetouch

76,619

Operating expense paid on behalf of the related party/Company

Amounts due to related parties are as follows:

	Relationship	December 31, 2021		December 31, 2020		Note
Chengdu Wetouch Technology Co., Ltd (“Chengdu Wetouch”)	94% owned by Mr. Guangde Cai & 2% by Mr. Shengyong Li	$	-	$	134,616	Operating expense paid on behalf of the Company
Meishan Vtouch Electronics Technology Co., Ltd.	95% owned by Mr. Guangde Cai and 5% by Chengdu Wetouch		-		68,402	Operating expense paid on behalf of the Company
Chengdu Vtouch Intelligence Science & Technology Co., Ltd.	100% owned by HK Vtouch Holding Group Co., Ltd.		-		-	Operating expenses paid on behalf of the Company
Mr. Zongyi Lian	President and CEO of the Company		1,802		-	Payable to employee
Mr. Guangde Cai	Chairman of the Company		32,867		326,042	Payable to employee
Total		$	34,669	$	529,060