| Related Party Balance and Transactions |
14.
Related Party Balance and Transactions
a.
Due from related party
The
following is a list of related party which the Company has balance with:
| |
(a) |
Act
Media Co. Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company. |
| |
(b) |
Pump
Studio Limited, controlled by Mr. Lau Chi Fung, a shareholder and member of the Company’s key management personnel. |
As
of March 31, 2026 and 2025, the balances of amounts due from a related party were as follows:
| | |
2025 | | |
2026 | | |
2026 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| Act Media Co. Limited (a) | |
| (1) | | |
| 54,200 | | |
| 387,123 | | |
| 49,378 | |
| Pump Studio Limited (b) | |
| (2) | | |
| 190,000 | | |
| — | | |
| — | |
| | |
| | | |
| 244,200 | | |
| 387,123 | | |
| 49,378 | |
| (1) | The balance represented the account receivable from Act Media Co. Limited which were advertising service that the Company provided. The amount was trade in nature, unsecured, interest-free and within general credit period. |
| (2) | The balance represented the account receivable from Pump Studio Limited which was other service that the Company provided. The amount was trade in nature, unsecured, interest-free and within general credit period. |
| b. |
Due
to related parties, a director and a shareholder |
The
following is a list of related parties which the Company has balances with:
| |
(a) |
Mr.
Shum Tsz Cheung, a shareholder of the Company. |
| |
(b) |
Act
Media Co. Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company. |
| |
(c) |
Mr.
Chen Wei, a director of the Company’s subsidiary, Tongjiang Group. |
| |
(d) |
I
am Media Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company. |
| |
(e) |
Mr.
Lau Chi Fung, a shareholder and member of the Company’s key management personnel. |
| |
(f) |
Mr.
Lam Kai Kwan, a shareholder and member of the Company’s key management personnel. |
| |
(g) |
Mr.
Siu Chun Pong, a shareholder and member of the Company’s key management personnel. |
| |
(h) |
Ms.
Bin Guo, Chief Executive Officer and a director of the Company. |
| |
(i) |
Ms.
Juan Yang, Chief Financial Officer and a director of the Company. |
| |
(j) |
Mr.
Yi Wu, an independent director of the Company. |
As
of March 31, 2026 and 2025, the balances of amounts due to related parties were as follows:
| | |
| |
2025 | | |
2026 | | |
2026 | |
| | |
| |
HK$ | | |
HK$ | | |
US$ | |
| Mr. Shum Tsz Cheung (a) | |
(1) | |
| 1,409,403 | | |
| 3,371,203 | | |
| 430,000 | |
| Act Media Co. Limited (b) | |
(2) | |
| 54,075 | | |
| — | | |
| — | |
| Mr. Chen Wei (c) | |
(3) | |
| — | | |
| 7,670 | | |
| 979 | |
| I am Media Limited (d) | |
(4) | |
| — | | |
| 26,250 | | |
| 3,348 | |
| Mr. Lau Chi Fung (e) | |
(5) | |
| — | | |
| 721,280 | | |
| 92,000 | |
| Mr. Lam Kai Kwan (f) | |
(5) | |
| — | | |
| 564,480 | | |
| 72,000 | |
| Mr. Siu Chun Pong (g) | |
(5) | |
| — | | |
| 439,040 | | |
| 56,000 | |
| Ms. Bin Guo (h) | |
(6) | |
| — | | |
| 176,400 | | |
| 22,500 | |
| Ms. Juan Yang (i) | |
(6) | |
| — | | |
| 250,880 | | |
| 32,000 | |
| Mr. Yi Wu (j) | |
(6) | |
| — | | |
| 98,000 | | |
| 12,500 | |
| | |
| |
| 1,463,478 | | |
| 5,655,203 | | |
| 721,327 | |
| (1) | The balance represented the advance from the shareholder. The amount was unsecured, interest-free and repayable on demand. | | (2) | The balance represented the account payable from Act Media Co. Limited which were advertising service that provided to the Company. The amount was trade in nature, unsecured, interest-free and within general credit period. | | (3) | The balance represented the advance from the director of a subsidiary. The amount was unsecured, interest-free and repayable on demand. | | (4) | The balance represented the account payable from I am Media Limited which were advertising service that provided to the Company. The amount was trade in nature, unsecured, interest-free and within general credit period. | | (5) | The balances represented the service fee payable to the shareholders and members of the Company’s key management personnel. The amount was unsecured, interest-free and repayable on demand. | | (6) | The balances represented the service fee payable to the directors. The amount was unsecured, interest-free and repayable on demand. | TJGC
Group Limited (formerly known as CTRL Group Limited) and Subsidiaries
Notes to Consolidated Financial Statements
| c. |
Related
party transactions |
The
following is a list of related parties which the Company has transactions with:
| |
(a) |
Act
Media Co. Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company. |
| |
(b) |
I
am Media Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company. |
| |
(c) |
Pump
Studio Limited, controlled by Mr. Lau Chi Fung, a member of the Company’s key management personnel. |
| |
(d) |
Dignity
Private Limited, controlled by shareholder, Mr. Shum Tsz Cheung, of the Company. |
For
the years ended March 31, 2026 and 2025, the related party transactions were as follows:
| | |
Note | |
2025 | | |
2026 | | |
2026 | |
| | |
| |
HK$ | | |
HK$ | | |
US$ | |
| Advertising service fee paid to Act Media Co. Limited (a) | |
(1) | |
| 1,415,546 | | |
| 1,143,650 | | |
| 145,874 | |
| Celebrity fee paid to Act Media Co. Limited (a) | |
(2) | |
| 23,300 | | |
| — | | |
| — | |
| Advertising service fee paid to I am Media Limited (b) | |
(1) | |
| 189,375 | | |
| 73,500 | | |
| 9,375 | |
| Celebrity fee paid to Pump Studio Limited (c) | |
(2) | |
| — | | |
| 61,000 | | |
| 7,781 | |
| Advertising service fee paid to Pump Studio Limited (c) | |
(1) | |
| — | | |
| 162,459 | | |
| 20,722 | |
| Other cost paid to Pump Studio Limited (c) | |
(3) | |
| 18,467 | | |
| 564,360 | | |
| 71,985 | |
| Consulting fee paid to Dignity Private Limited (d) | |
(4) | |
| — | | |
| 1,873,056 | | |
| c | |
| Advertising services fee received from Act Media Co. Limited (a) | |
(5) | |
| 33,600 | | |
| 145,000 | | |
| 18,495 | |
| Celebrity fee received from Act Media Co. Limited (a) | |
(6) | |
| 290,200 | | |
| 1,387,091 | | |
| 176,925 | |
| Advertising services fee received from Pump Studio Limited (c) | |
(5) | |
| 157,850 | | |
| 441,068 | | |
| 56,259 | |
| Celebrity fee received from Pump Studio Limited (c) | |
(6) | |
| — | | |
| 6,077 | | |
| 775 | |
| Other services fee received from Pump Studio Limited (c) | |
(7) | |
| — | | |
| 86,876 | | |
| 11,081 | |
Notes:
| (1) | Act Media Co. Limited, I am Media Limited and Pump Studio Limited provided online and offline advertising and web banner services for the Company and the related parties charged an advertising fee for providing such services. The price was agreed between both parties and the advertising service was charged with reference to the market price of the advertising service. The advertising service was recorded as advertising fee in the cost of services. | | (2) | Act Media Co. Limited and Pump Studio Limited charged the Company for a fee for soliciting celebrity to promote the customers’ advertising campaigns. The amount was recorded in the Company’s cost of service. | | (3) | Pump Studio Limited charged the Company for other cost of the Company. The amount was recorded in the Company’s cost of service. | | (4) | Dignity Private Limited provided consultancy services to the Company. The related fee was recorded in the Company’s general and administrative expense. | | (5) | The Company mainly provided online and offline advertising service for Act Media Co. Limited and Pump Studio Limited and the Company charged a fee for the service. The online and offline advertising fee was recorded as revenue. | | (6) | The Company solicited celebrities for Act Media Co. Limited and Pump Studio Limited to promote the customers’ advertising campaigns. The celebrity fee was recorded as revenue. | | (7) | The Company provided administrative services for Pump Studio Limited to promote the customers’ advertising campaigns. The other services were recorded as revenue. | TJGC
Group Limited (formerly known as CTRL Group Limited) and Subsidiaries
Notes to Consolidated Financial Statements
|