| 9. |
Material related party transactions |
Parties are considered to be related if one party
has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial
and operational decisions. The related parties that had transactions or balances with the Company for the six months ended June 30,
2026 and 2025 consisted of:
| Name of Related Parties | | Relationship with the Company | | Mr. Ruilin Xu | | The Company’s Chief Executive Officer and director, paid certain professional fees or salaries on behalf of the company. | | Mr. Dongliang Mao | | The Company’s director, paid certain professional fees on behalf of the Company. | | Guangzhou Tiancheng Capital Management Group Co., Ltd. (“Tiancheng Capital”) | | As of June 30, 2026, Mr. Ruilin Xu still holds 37.66% equity interest in Guangzhou Tiancheng Capital Management Group Co., Ltd. (“Tiancheng Capital”). | | Infinity worldwide holding., Ltd. | | The former shareholder entity has not settled the consideration payable under the equity transfer arrangement |
Key management personnel compensation
| | |
As of
June 30, | | |
As of
June 30, | |
| | |
2026 | | |
2025 | |
| Short-term employment benefits (excluding discretionary bonus) | |
| 63,113 | | |
| 94,374 | |
| Discretionary bonus | |
| - | | |
| - | |
| Share based payments | |
| 870,000 | | |
| 1,529,138 | |
Except for the above, there is no other transactions
between with the company and its related parties for the six months ended June 30, 2026 and 2025. Balances with related parties
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Due to related parties * |
|
|
|
|
|
|
| Guangzhou Tiancheng Capital Management Group Co., Ltd. |
|
|
73,690 |
|
|
|
71,499 |
|
| Infinity worldwide holding ltd |
|
|
120,674 |
|
|
|
120,674 |
|
| Total due to related parties |
|
$ |
194,364 |
|
|
$ |
192,173 |
|
| * | The above balances are due on demand, interest-free and unsecured. The Company used the funds for its operations. |
|