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v3.26.1

RELATED PARTY TRANSACTIONS | 6 Months Ended
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Jun. 30, 2026
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 7 - RELATED PARTY TRANSACTIONS SCHEDULE OF DUE FROM RELATED PARTIES
Accounts receivable from related parties: |  | June 30, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Accounts receivable, net – related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 202 |  |  | $ | - |
- Related party B |  |  | 48 |  |  |  | - |
Total |  | $ | 250 |  |  | $ | - |
Accounts receivable, net - related party |  | $ | 250 |  |  | $ | - |
Due from related parties: |  | June 30, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Due from related parties |  |  |  |  |  |  |  |
- Related party B |  | $ | 174,142 |  |  | $ | 178,909 |
- Related party D |  |  | 704,973 |  |  |  | 815,342 |
- Related party G |  |  | 1,387 |  |  |  | 1,389 |
Total |  | $ | 880,502 |  |  | $ | 995,640 |
Due from related parties |  | $ | 880,502 |  |  | $ | 995,640 |
The amounts due from related parties are interest-free, unsecured, and have no fixed terms of repayment. SCHEDULE OF DUE TO RELATED PARTIES
Due to related parties: |  | June 30, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Due to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 153,967 |  |  | $ | 91,606 |
- Related party B |  |  | 7,464 |  |  |  | 6,697 |
- Related party G |  |  | - |  |  |  | 284 |
- Related party K |  |  | 695,514 |  |  |  | 3,335 |
Total |  | $ | 856,945 |  |  | $ | 101,922 |
Due to related parties |  | $ | 856,945 |  |  | $ | 101,922 |
The amounts due to related parties are interest-free, unsecured, and repayable on demand. SCHEDULE OF INCOME FROM OR EXPENSES TO RELATED PARTIES
Deferred costs of revenue to related parties: |  | June 30, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Deferred costs of revenue to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 2,500 |  |  | $ | 2,500 |
- Related party F |  |  | 3,750 |  |  |  | 3,750 |
Total |  | $ | 6,250 |  |  | $ | 6,250 |
Deferred costs of revenue to related parties |  | $ | 6,250 |  |  | $ | 6,250 |
Investments in a related party: |  | June 30, 2026 |  |  | December 31, 2025 |
|  | (Unaudited) |  |  | (Audited) |
Investments in a related party |  |  |  |  |  |  |  |
- Related party B |  | $ | 18,200,000 |  |  | $ | - |
Investments in related party |  | $ | 18,200,000 |  |  | $ | - |
Income from / expenses to related parties: |  | 2026 |  |  | 2025 |
|  | For the six months ended June 30, |
Income from / expenses to related parties: |  | 2026 |  |  | 2025 |
|  | (Unaudited) |  |  | (Unaudited) |
Service revenue from related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 26,397 |  |  | $ | 1,026 |
- Related party B |  |  | 26,373 |  |  |  | 31,899 |
- Related party G |  |  | 283 |  |  |  | 428 |
- Related party I |  |  | 388 |  |  |  | - |
Total |  | $ | 53,441 |  |  | $ | 33,353 |
Service revenue from related parties |  | $ | 53,441 |  |  | $ | 33,353 |
Cost of service revenue to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 2,103 |  |  | $ | 4,770 |
- Related party F |  |  | - |  |  |  | 3,750 |
Total |  | $ | 2,103 |  |  | $ | 8,520 |
Cost of service revenues to related parties |  | $ | 2,103 |  |  | $ | 8,520 |
General and administrative expenses to related parties |  |  |  |  |  |  |  |
- Related party A |  | $ | 1,915 |  |  | $ | 4,488 |
- Related party D |  |  | 46,246 |  |  |  | 42,200 |
- Related party I |  |  | 7,530 |  |  |  | 6,887 |
- Related party K |  |  | 6,896 |  |  |  | 6,924 |
Total |  | $ | 62,587 |  |  | $ | 60,499 |
General and administrative expenses to related parties |  | $ | 62,587 |  |  | $ | 60,499 |
Other income from related parties: |  |  |  |  |  |  |  |
- Related party B |  | $ | 15,324 |  |  | $ | 23,638 |
- Related party D |  |  | 5,363 |  |  |  | 5,385 |
Total |  | $ | 20,687 |  |  | $ | 29,023 |
Other income from related parties |  | $ | 20,687 |  |  | $ | 29,023 |
Interest income from a related party |  |  |  |  |  |  |  |
- Related party B |  | $ | 3,039 |  |  | $ | 2,804 |
Interest income from a related party |  | $ | 3,039 |  |  | $ | 2,804 |
Gain on disposal of a related party investment |  |  |  |  |  |  |  |
- Related party B |  | $ | - |  |  | $ | 39,800 |
Gain on disposal of related party investments |  | $ | - |  |  | $ | 39,800 |
Reversal of impairment of a related party investment: |  |  |  |  |  |  |  |
- Related party B |  | $ | - |  |  | $ | 150 |
Reversal of impairment of related party investment |  | $ | - |  |  | $ | 150 |
Related party A is under the common control of Mr. Loke, Che Chan Gilbert, the Company’s Chief Financial Officer, and a major shareholder. Related party B represents companies in which the Company owns a respective percentage ranging from 1% to 18% interest in those companies. Related party C is controlled by a director of some wholly owned subsidiaries of the Company. Related party D represents companies that we have determined we can significantly influence based on our common business relationships. Related party E represents companies whose CEO was a consultant to the Company, and who was also a director of Aquarius Protection Fund and a shareholder of the Company. Related party E is no longer our consultant and shareholder, and hence, our related party relationship came to an end on August 29, 2024. Related party F represents a family member of Mr. Loke or family members of Mr. Loke. Related party G is under the common control of Mr. Lee, Chong Kuang, the Company’s Chief Executive Officer and a major shareholder. Related party H represents a company in which we currently have an approximate 48% equity-method investment. On December 31, 2023, the Company determined the amount due from related party H of $60,000 was impaired and recognized an impairment of other receivables of $60,000 for the year ended December 31, 2023. During 2018, the Company acquired approximately 49% of related party H for total consideration of $368,265. On December 31, 2018, the Company determined that its investments in related party H were impaired and recognized an impairment of other investments of $368,265. Related party I which is controlled by a family member of Mr. Lee. Related party J represents a non-controlling interest in the Company’s subsidiary owning its real estate held for sale. The amount due to related party J was unsecured, bore no interest, was payable on demand, and was related to the initial acquisition of the real estate held for sale. Related party J became no longer our related party since our acquisition of all its 40% shareholdings in our subsidiary on April 15, 2024. Related party K represents shareholders and directors of the Company. The amount due from related party K represents the amounts paid by the Company to third parties on behalf of our shareholders or directors. On the other hand, due to related party K represents the amounts paid by the shareholders or directors to third parties on behalf of the Company. The amounts due from or due to related party K are interest-free and are due on demand.

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