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OTHER RECEIVABLES
12 Months Ended
Dec. 31, 2022
OTHER RECEIVABLES  
OTHER RECEIVABLES

5.OTHER RECEIVABLES

Borrower

    

Interest rate

    

Amount

Shanghai Changda

 

0

%  

$

6,858

Anhui Xin Jieying

 

0

%  

$

1,990

Total

 

  

$

8,848

Other receivables comprised two interest-free borrowings to the former subsidiaries Shanghai Changda and Anhui Xin Jieying, which were disposed of in the disposal of subsidiaries during 2022, with a total balance of $8,848 as of the end of 2022. The Company expects that the Buyer is willing and able to repay the receivables within 1 year. The Company did not recognize any valuation allowance for the receivables.